We initiate coverage of Titania, a Swedish residential real estate developer, with a BUY recommendation and a target price of SEK 15 per share, implying an upside of 67%. In our view, Titania is well positioned to benefit from a recovering Stockholm housing market, supported by easing monetary conditions and improving market sentiment. With a substantial number of apartments either under production or ready for construction start, we forecast significant value creation during 2026–2027. We belie ....
