Fabege stock gets an SEK 70.00 target from ABG

Published on 09/29/2026 at 11:29 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Fabege stock posted Q2 2026 net income of SEK 387.0 million versus a SEK 117.0 million loss a year earlier. The next interim report is due October 21, 2026.

Fotorealistische moderne Büroimmobilie in Stockholm mit Glasfassade und urbaner Skyline — Fabege AB (ISIN SE0011166974) betreibt moderne Büroimmobilien in Stockholm, fotorealistisch als Hochglanz-Fassade dargestellt, Illustration mit AI erstellt.

Fabege (ISIN SE0011166974) was trading at EUR 5.90 at Lang & Schwarz on September 29, 2026 at 11:18 a.m. CEST. The immediate catalyst is a new analyst view that combines a softer target with a less negative rating.

ABG changes its Fabege view

ABG Sundal Collier raised Fabege from Sell to Hold but cut its price target from SEK 75.00 to SEK 70.00, according to Placera on September 29, 2026. The change leaves the analyst stance less defensive, even though the target itself is SEK 5.00 lower.

The target revision follows a first half shaped by property-market pressure and financing costs. Fabege's key June figures included an equity-to-assets ratio of 45 percent, a loan-to-value ratio of 43 percent and net lettings of minus SEK 62.0 million, according to Fabege.

Q2 earnings provide a counterweight

Fabege reported Q2 2026 net income of SEK 387.0 million, compared with a SEK 117.0 million loss in Q2 2025. Rental income reached SEK 902.0 million, up from SEK 852.0 million a year earlier, while operating net income rose to SEK 671.0 million from SEK 633.0 million, according to Affarsvarlden.

The earnings comparison is favorable, but the operating detail is more mixed. Rental income was SEK 3.0 million above Bloomberg consensus, whereas operating net income was SEK 3.0 million below consensus, keeping leasing performance central to the valuation debate.

October report sets the next checkpoint

Fabege has scheduled its interim report for January through September 2026 on October 21, 2026, according to its investor calendar. The company describes itself as an urban developer and property owner focused on commercial properties in Stockholm, with its June 2026 portfolio carrying an EPRA NRV of SEK 144.00 per share and green financing of 99 percent.

For investors, the contrast is clear: Q2 earnings improved sharply against the prior-year loss, but the new SEK 70.00 target shows that analysts are still weighing property income and leasing risk against balance-sheet measures.

Fabege stock trades at EUR 5.90

Fabege stock was trading at EUR 5.90 at Lang & Schwarz on September 29, 2026 at 11:18 a.m. CEST. The primary listing is on Nasdaq Stockholm, where the finance quote showed SEK 66.90 on September 29, 2026 at 11:23 a.m. CEST, with a 52-week range of SEK 65.70 to SEK 89.20 and market capitalization of SEK 21.0 billion.