We initiate coverage on Genova Property Group with a BUY recommendation and a SEK 62 target price, indicating an upside of 34.5% compared to the current share price. In the last two years, Genova’s management has acted in a particularly proactive manner following the hike in interest rates, securing liquidity to avoid large dilutive share issues and/or fire sales of assets. This allows the company to focus on continued value creation in its highly attractive project portfolio, including 500tsqm ....
