Wihlborgs stock fell 1.15 percent after SEK 13.3 billion deal

Published on 10/04/2026 at 23:04 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Wihlborgs stock stood at SEK 68.65 on October 2, 2026, after the company completed its largest acquisition. The portfolio adds 95 properties and 635,000 square meters at 85 percent occupancy.

Modernes Glasbürogebäude am Wasser mit Öresundbrücke im Hintergrund, blauer Himmel — Wihlborgs Fastigheter AB (SE0011205196) besitzt moderne Bürogebäude nahe der Öresundbrücke zwischen Malmö und Kopenhagen, Illustration mit AI erstellt.

Wihlborgs stock (ISIN SE0018012635) fell 1.15 percent to SEK 68.65 on Nasdaq Stockholm on October 2, 2026, as the company moved into the integration phase of its largest acquisition. On October 1, Wihlborgs completed the purchase of 95 Castellum properties in Malmo, Lund and Helsingborg for SEK 13.3 billion, according to Cision.

Castellum deal changes the scale

The acquired portfolio covers 635,000 square meters and had an occupancy rate of 85 percent when ownership transferred. Wihlborgs said integration of operations, leasing and property management began immediately, with the vacancies offering room for future tenant work and development.

The transaction expands a property platform that already had a book value of SEK 66.2 billion in the first half of 2026. Its size is important because the acquired assets are concentrated in markets where Wihlborgs already has local operations and tenant relationships.

Q2 figures show operating growth

Wihlborgs reported second-quarter rental income of SEK 1.174 billion, up 7 percent from the same quarter in 2025. Operating surplus reached SEK 864 million, an increase of 6 percent, while the surplus ratio stood at 74 percent, according to Yahoo Finance.

For the first half of 2026, rental income rose 8 percent to SEK 2.324 billion and income from property management increased 9 percent to SEK 1.077 billion. The counterweight is leverage: net debt to EBITDA was 10.7 times at the end of June, making the integration of the new portfolio and future balance-sheet management central to the investment case.

Analysts see higher valuation

MarketScreener reported on September 16, 2026, that Arctic Securities began coverage with a Buy rating and a SEK 95 target. The same overview showed a Buy consensus from 7 analysts and an average target of SEK 92.57; that average target lies 34.8 percent above the October 2 price.

Wihlborgs stock remains below its yearly high

Wihlborgs stock was last at SEK 68.65 on Nasdaq Stockholm on October 2, 2026, with a 52-week range of SEK 68.65 to SEK 99.25 and a market capitalization of SEK 21.1 billion. The immediate market test is whether the enlarged portfolio can convert its 15 percent vacancy into higher operating income while keeping leverage under control.