Week Ending: 11 September 2026

Sweden SE Sector

Real Estate

For the week ending 11 September 2026, Real Estate declined 2.30% with 11 advancing, 57 declining, and 3 unchanged constituents. The index is equal weighted and built from country-listed equities.

Current architecture Unresolved

The Activity Lines, Trend Line and price acceptance remain genuinely mixed.

35 technical evidence
Index850.19 1 week-2.30% Breadth15% Members71
Country 🇸🇪 Sweden · SE
Universe country-listed
Price basis Adjusted weekly close

Trend architecture

Index, activity fan and structural anchors

Rolling 156-week evidence. Trend Signal points mark weeks when price, trend and the activity fan confirmed together.

Index Value Trend Line Fair Value Activity Lines Constructive architecture Transitional architecture Defensive architecture
Current architecture Unresolved 9 completed weeks in this state
Trend acceptance -3.3% Index versus Trend Line
Persistence 100% Negative across every horizon
Participation 15% 11 advancing, 57 declining

Investor positioning lens

Is the evidence ready for capital?

A rules-based technical classification using trend, breadth, persistence, relative strength and path quality.

Current posture Reduce exposure into strength

Counter-trend rallies may occur, but primary structure and persistence do not yet support adding risk.

35 technical evidence
out of 100
Evidence balance

Five-pillar map

Reduce
Trend
38
Breadth
20
Persistence
25
Relative
33
Risk quality
90
What supports the view
  • No major confirming factor has secured control.
What restrains conviction
  • Index trend architecture has not delivered a durable upward expansion.
  • Breadth remains too narrow or inconsistent for a high-conviction position.
  • Constituent persistence remains divided or predominantly negative.
  • The group is not yet delivering dependable relative outperformance.
  • Stage 4 declining constituents exceed Stage 2 advancing constituents by 49 percentage points.
  • Positive contribution is concentrated in a small leadership cohort.
Independent sentiment overlay Sentiment held separate

Qualified news coverage is too thin to alter the technical positioning view.

Evidence that would change the view
  1. A completed weekly reclaim of 891.52, the higher of Trend Line and Fair Value, would improve the structural case.
  2. Breadth holding above 55% for several completed weeks would show that repair is spreading.
  3. Positive 13 and 26-week relative performance would confirm that capital is rotating into the group.

This is a weekly research classification, not personal investment advice. Sentiment is reported as an independent confirmation layer and does not alter the technical score.

Trend state and durability

Architecture, persistence and constituent regimes

The index path is tested against the underlying security-level trend evidence.

Index architecture Unresolved

The Activity Lines, Trend Line and price acceptance remain genuinely mixed.

State age9 weeks
Trend gateDown
Fan width0.82%
Fast versus slow change0.06 pts
Above 17% Below 17%
Six completed weeks of price acceptance relative to the full Activity Line fan.
Index persistence

Negative across every horizon

100% agreement

The 13, 26, 39 and 52-week trends all point downward, confirming persistent contraction.

13-week
-0.9%
26-week
-5.3%
39-week
-6.6%
52-week
-8.2%
Regime age20 weeks 52-week flips6 52-week boundary926.33
Constituent trend persistence

Is the index move broadly durable?

99% coverage
Coherent positive14%
Coherent negative44%
Average horizon agreement81%
Positive horizon share30%
Weakening positives5
Repairing negatives13

70 constituents measured as of 11 Sep 2026. Median trend age is 18 weeks.

Custom stage map

Where constituents sit in the cycle

97% coverage
Stage 1 · Basing12%8 securities
Stage 2 · Advancing12%8 securities
Stage 3 · Distribution16%11 securities
Stage 4 · Declining61%42 securities
Re-acceleration watch1 Transition watch14 Relative strength leaders4% Fair Value repairs6

Measured as of 11 Sep 2026. Stages summarize price, Activity Line architecture, Fair Value position and relative evidence.

Architecture breadth

How market energy is distributed

77/100 mean confidence
Upward expansion
13% 9
Rotation up
10% 7
Deceleration
7% 5
Balance
23% 16
Rotation down
3% 2
Downward expansion
43% 30
Unresolved
0% 0

Architecture breadth shows the distribution of expanding, rotating, balancing and contracting securities. It is diagnostic context and is not added as a second vote in the positioning score.

Capital rotation

Performance relative to SE Market Structure

Improving
Relative index 13-week relative trend Starting level
Rotation dashboard Improving

A rising relative line means this group is compounding faster than SE Market Structure. A falling line means capital has done better in the parent benchmark.

Relative index128.7
13-week trend128.6
4-week trend change0.52%
Weekly peer rank9 of 11
1 week
-0.5 pts relative
4 weeks
0.0 pts relative
13 weeks
1.9 pts relative
26 weeks
-7.0 pts relative
52 weeks
2.2 pts relative

Market internals

Participation, dispersion and path risk

Equal-weight index evidence with constituent-level breadth and dispersion.

Breadth

Participation quality

Narrow
Advancing
11
Declining
57
Unchanged
3
4-week average 36%
13-week average 45%
Risk and persistence

Path quality

52-week lens
Annualised weekly volatility12.1%
Drawdown from 52-week high-10.9%
Positive weeks, last 1346%
Current directional run1 week
Turnover versus 13-week norm161%
Breadth impulse-31.8 pts
Cross-section

Return distribution

71 measured
Q1 -3.2% Median -2.0% Q3 -0.8%
Average winner1.0%
Average loser-3.1%
Dispersion2.4 pts
Top-five upside share70%
Top-five capital share57%
Capital data coverage100%

Dispersion describes how far constituent outcomes are spreading apart. Capital concentration is contextual only; the index itself is equal weighted.

Momentum cycle

30-week persistence

Positive readings show expansion. Negative readings show contraction.

Breadth cycle

Net participation

Advancers less decliners as a percentage of measured constituents.

Industry map

Where sector leadership is forming

Performance, breadth and trend acceptance across every qualified industry.

0/3 positive
Above Trend Line0/30% of industries
Constructive breadth0/3At least half advancing
Median industry-2.30%0.15 pts dispersion
#1 Contracting

Real Estate - Development

-2.00%
Participation14% vs Trend-2.8% vs Fair Value-5.9% Members7
#2 Contracting

Real Estate - Diversified

-2.30%
Participation16% vs Trend-3.7% vs Fair Value-8.8% Members19
#3 Contracting

Real Estate Services

-2.35%
Participation16% vs Trend-3.2% vs Fair Value-3.0% Members45

News and narrative

Does company news confirm the market tape?

Open Sentiment Intelligence
Sentiment evidence is still developing

Qualified company-level news coverage is not yet broad enough to influence the group view.

0 qualified records across 71 measured constituents.

Leadership tape

Leaders, laggards and contribution shape

Latest completed week, ranked on uncapped constituent returns.

Leading edge

1 ALMALM Equity AB (publ)
2.13% 2 SLOTT-BSlottsviken Fastighetsaktiebola
1.57% 3 TESSINTessin Nordic Holding AB (publ)
1.50% 4 BESQABBesqab AB (publ)
1.45% 5 ANNE-BAnnehem Fastigheter AB
0.91%

Weakest edge

71 CORE-ACorem Property Group AB (publ)
-10.26% 70 PRESRVPreservium Property AB
-9.23% 69 FASTATAktiebolaget Fastator (publ)
-9.18% 68 STUDBOStudentbostäder i Norden AB (publ)
-6.15% 67 MOFASTMofast AB
-6.12%

Constituent ledger

Sector constituents

All 71 measured constituents, ranked by latest weekly return.

Rank Ticker Company Exchange Market cap Close Index contribution Return
1 ALM ALM Equity AB (publ) STO 1.37B 43.10 0.03 pts
2.13%
2 SLOTT-B Slottsviken Fastighetsaktiebola STO 50.80M 25.80 0.02 pts
1.57%
3 TESSIN Tessin Nordic Holding AB (publ) STO 9.58M 2.03 0.02 pts
1.50%
4 BESQAB Besqab AB (publ) STO 3.19B 28.00 0.02 pts
1.45%
5 ANNE-B Annehem Fastigheter AB STO 1.31B 16.65 0.01 pts
0.91%
6 FNOVA-B Fortinova Fastigheter AB (Publ) STO 1.19B 23.60 0.01 pts
0.85%
7 GPG Genova Property Group AB (publ) STO 1.77B 38.00 0.01 pts
0.80%
8 KAPIAB Kallebäck Property Invest AB (publ) STO 740.95M 204.00 0.01 pts
0.49%
9 SOLNA Solnaberg Property AB (publ) STO 443.68M 118.00 0.01 pts
0.43%
10 ALM-PREF ALM Equity AB (publ) STO 2.84B 89.20 0.00 pts
0.34%
11 INTEA-D Intea Fastigheter AB ser. D STO 9.32B 32.40 0.00 pts
0.31%
12 AMH2-B Amhult 2 AB (publ) STO 390.31M 58.00 0.00 pts
0.00%
13 FLMNG Fleming Properties AB STO 350.16M 5.35 0.00 pts
0.00%
14 KRONA Krona Public Real Estate AB STO 485.07M 43.40 0.00 pts
0.00%
15 LOGIST-B Logistri Fastighets AB ser. B STO 1.12B 14.80 0.00 pts
-0.34%
16 BRIN-B Brinova Fastigheter AB (publ) STO 2.84B 12.40 -0.01 pts
-0.40%
17 INTEA-B Intea Fastigheter AB ser. B STO 20.51B 71.70 -0.01 pts
-0.55%
18 NIVI-B Nivika Fastigheter AB (publ) STO 3.36B 37.30 -0.01 pts
-0.67%
19 SFAST Stenhus Fastigheter i Norden AB (publ) STO 3.94B 11.94 -0.01 pts
-1.00%
20 SAGA-D AB Sagax (publ) STO 16.45B 33.30 -0.01 pts
-1.04%
21 CORE-D Corem Property Group AB (publ) STO 279.40B 227.00 -0.02 pts
-1.09%
22 K2A-B K2A Knaust & Andersson Fastigheter AB (publ) STO 363.07M 4.27 -0.02 pts
-1.16%
23 TINGS-B Tingsvalvet Fastighets AB ser. STO 661.62M 38.60 -0.02 pts
-1.28%
24 BONAS Bonäsudden Holding AB (publ) STO 401.53M 148.00 -0.02 pts
-1.33%
25 DOXA Doxa AB (publ) STO 446.38M 0.34 -0.02 pts
-1.45%
26 PRISMA Prisma Properties AB (publ) STO 4.25B 26.30 -0.02 pts
-1.50%
27 EAST Eastnine AB (publ) STO 4.35B 45.35 -0.02 pts
-1.52%
28 FPAR-D FastPartner AB (publ) STO 13.51B 71.60 -0.02 pts
-1.65%
29 STEF-B Stendörren Fastigheter AB (publ) STO 5.52B 170.60 -0.02 pts
-1.73%
30 AQUAT Aquaticus Real Estate AB STO 132.44M 43.00 -0.03 pts
-1.83%
31 PNDX-B Pandox AB (publ) STO 32.54B 170.00 -0.03 pts
-1.85%
32 JOMA John Mattson Fastighetsföretagen AB (publ) STO 4.22B 58.40 -0.03 pts
-1.85%
33 NEOBO Neobo Fastigheter AB (publ) STO 2.65B 19.45 -0.03 pts
-1.92%
34 CAST Castellum AB (publ) STO 55.87B 130.25 -0.03 pts
-1.99%
35 CIBUS Cibus Nordic Real Estate AB (publ) STO 11.33B 138.90 -0.03 pts
-2.01%
36 SBB-D Samhällsbyggnadsbolaget i Norden AB (publ) STO 9.66B 5.77 -0.03 pts
-2.04%
37 CORE-PREF Corem Property Group AB (publ) STO 24.41B 230.50 -0.03 pts
-2.12%
38 CATE Catena AB (publ) STO 24.55B 376.60 -0.03 pts
-2.13%
39 AGROUP Arlandastad Group AB (publ) STO 2.23B 35.10 -0.03 pts
-2.23%
40 LOGI-B Logistea AB (publ) STO 6.63B 13.16 -0.03 pts
-2.23%
41 ACRI-A Acrinova AB (publ) STO 372.68M 8.56 -0.03 pts
-2.28%
42 TRIAN-B Fastighets AB Trianon (publ) STO 3.25B 17.70 -0.03 pts
-2.48%
43 KLARA-B KlaraBo Sverige AB (publ) STO 2.00B 13.58 -0.04 pts
-2.58%
44 SBB-B Samhällsbyggnadsbolaget i Norden AB (publ) STO 5.55B 2.99 -0.04 pts
-2.67%
45 DIOS Diös Fastigheter AB (publ) STO 8.70B 62.95 -0.04 pts
-2.78%
46 ACRI-B Acrinova AB (publ) STO 325.66M 7.62 -0.04 pts
-2.81%
47 SAGA-A AB Sagax (publ) STO 83.11B 171.00 -0.04 pts
-2.84%
48 TINGS-A Tingsvalvet Fastighets AB ser. STO 907.76M 50.50 -0.04 pts
-2.88%
49 HUFV-A Hufvudstaden AB (publ) STO 22.44B 116.10 -0.04 pts
-2.93%
50 HEBA-B Heba Fastighets AB (publ) STO 3.82B 24.85 -0.04 pts
-2.93%
51 WIHL Wihlborgs Fastigheter AB (publ) STO 22.92B 76.20 -0.04 pts
-2.99%
52 ATRLJ-B Atrium Ljungberg AB (publ) STO 15.51B 25.05 -0.04 pts
-3.09%
53 SAGA-B AB Sagax (publ) STO 83.56B 171.40 -0.04 pts
-3.11%
54 ALTRA Altra Fastigheter AB (publ) STO 13.86B 77.25 -0.05 pts
-3.32%
55 PLAZ-B Platzer Fastigheter Holding AB (publ) STO 8.10B 70.10 -0.05 pts
-3.58%
56 FABG Fabege AB (publ) STO 21.85B 70.15 -0.05 pts
-3.71%
57 SVEAF Sveafastigheter AB (publ) STO 5.75B 29.85 -0.06 pts
-4.02%
58 SLP-B Swedish Logistic Property AB STO 9.68B 34.80 -0.06 pts
-4.13%
59 FPAR-A FastPartner AB (publ) STO 7.91B 42.30 -0.06 pts
-4.30%
60 BALD-B Fastighets AB Balder (publ) STO 59.17B 51.34 -0.06 pts
-4.43%
61 WALL-B Wallenstam AB (publ) STO 24.02B 38.80 -0.06 pts
-4.57%
62 NP3 NP3 Fastigheter AB (publ) STO 14.95B 248.00 -0.07 pts
-4.80%
63 EMIL-B Fastighetsbolaget Emilshus AB (publ) STO 6.06B 49.00 -0.07 pts
-5.04%
64 LOGIST-A Logistri Fastighets AB ser. A STO 1.46B 14.70 -0.07 pts
-5.16%
65 TITA-B Titania Holding AB (publ) STO 652.44M 7.68 -0.07 pts
-5.19%
66 CORE-B Corem Property Group AB (publ) STO 2.91B 2.41 -0.08 pts
-5.79%
67 MOFAST Mofast AB STO 518.86M 13.80 -0.09 pts
-6.12%
68 STUDBO Studentbostäder i Norden AB (publ) STO 856.85M 1.22 -0.09 pts
-6.15%
69 FASTAT Aktiebolaget Fastator (publ) STO 182.92M 0.4995 -0.13 pts
-9.18%
70 PRESRV Preservium Property AB STO 220.63M 47.20 -0.13 pts
-9.23%
71 CORE-A Corem Property Group AB (publ) STO 4.48B 3.50 -0.14 pts
-10.26%

The index uses capped equal-weight weekly constituent returns. The ledger shows uncapped security returns so outliers remain visible for research.

Evidence context