Catena
Logotype for Catena

Catena (CATE) investor relations material

Catena Q4 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Catena
Q4 2025 earnings summary20 Feb, 2026

Executive summary

  • Rental income increased 21% year-over-year to SEK 2,651 million, mainly driven by acquisitions and CPI-linked contracts.

  • Profit from property management rose 28% to SEK 1,613 million, with EPS from property management up 18% to SEK 26.72.

  • Major acquisition of a Nordic logistics property portfolio (20 properties, SEK 8.8 billion) expanded presence into Finland and strengthened the Nordic market position.

  • 73% of lettable area is environmentally certified, with updated sustainability targets aiming for net-zero emissions by 2040 and net-positive biodiversity by 2030.

  • Directed share issue after year-end raised SEK 2.8 billion, increasing the number of shares by over 6 million.

Financial highlights

  • Net operating surplus increased by 23% year-over-year to SEK 2,198 million.

  • EPRA NRV per share rose to SEK 446 (SEK 445.89), and EPRA EPS reached SEK 25.62.

  • Loan-to-value ratio at 39.0%, equity ratio at 51%, and net debt/EBITDA at 7.8x.

  • Property portfolio value reached SEK 44,473 million, with a 1.1% unrealised value gain.

  • Dividend proposed at SEK 9.50 per share, up 5.6%.

Outlook and guidance

  • Continued growth expected in 2026, supported by recent acquisitions and ongoing development projects.

  • Investment capacity estimated at SEK 2.5–3 billion, with a preference to keep LTV below 50%.

  • Conservative approach to new project signings in the next six months.

  • Ongoing development and robust land bank position the company for future growth.

  • Market conditions expected to remain favorable for logistics properties, despite higher vacancy rates in some areas.

New portfolio WALE impact on total?
Actions for 2030 interim GHG reduction target?
De-risk SEK 16.3bn land bank investment volume?
Finland portfolio growth ambition
Acquired portfolio's NOI margin vs current
Investment capacity drivers
Partial view of Summaries dataset, powered by Quartr API
AI can get things wrong. Verify important information.
Research faster. Power your platform.

Next Catena earnings date

Logotype for Catena
Q1 202623 Apr, 2026
Catena
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next Catena earnings date

Logotype for Catena
Q1 202623 Apr, 2026

The essential earnings season companion

The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

Catena AB is a strategic investment company that owns and develops logistics properties in Sweden. With its focus on modern, flexible and intelligent solutions, Catena aims to provide customers with optimal value for money. Catena's properties include warehouses, retail stores and offices under both long-term lease and sale contracts.  Catena also offers management of its logistics properties. The company is based in Helsingborg, Sweden.

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage