Titania’s report came in in line with expectations, apart from a large positive value revision of SEK 202m (+4.6% q-o-q) that exceeded our SEK 124m forecasted. While this fact is positive and supportive, it does not alter our base case presented in our IoC on Titania published on February 10. In 2025, Titania is believed to be building somewhere around 15-20% of all apartments in the Stockholm region where construction commenced last year. With this in mind, and market tailwind, we continue to v ....
