What Balder does

Balder is a Swedish publicly listed real estate company (Stockholm Stock Exchange ticker: BALDER, founded 2005) that owns, develops, and operates residential and commercial real estate across the Nordics. Its Danish operating subsidiary, Balder Danmark A/S (CVR 34058016), headquartered at Vesterbrogade 1E in Copenhagen, manages a portfolio of 20+ named residential properties — including Østerfælled Torv, Øresund Park, TriumphByen, TriumphHusene, Torveporten, Stævnen, Skibbroen, Strandby Høje/Huse, Rubinhaven, Fyrkanten, Agerhusene, Carlsbakken, Elsehus, Lavetten, Lerholmen, Lynghaven, Ofeliahaven, GreenHills, Hesteskoen, and Bastionen — concentrated in the Greater Copenhagen area (Østerbro, Amager, Ørestad, Valby, Havneholmen, Hillerød, Helsingør/Espergærde, Hundige/Greve, Høje Taastrup, Solrød Strand). Units range from studios to 5–6 bedroom townhouses (31–179 m²) and command monthly rents of DKK 10,200–28,200.

The company's business model is straightforward B2C residential rental: tenants discover properties, submit applications, and arrange viewings through the balder.dk website and direct phone/email contact (5555 0707; [email protected], [email protected]). Revenue is generated through recurring monthly rental subscriptions, augmented by ancillary fees (a conto utilities). Balder differentiates on in-house service personnel, pet-friendly policies, community events, and amenities such as private balconies, communal rooftop terraces, fitness facilities, and proximity to metro stations. Technology is minimal — a website listing platform with no API, no app, and no disclosed AI/data capabilities — reflecting a traditional real estate operating model.

Financially, Balder reported Q1 2026 rental income of SEK 3,460 million (+1.3% YoY) and profit from property management of SEK 1,348 million (–12.7% YoY, depressed by the proposed Norion Bank distribution). In Q1 2026 the company acquired 28 properties for SEK 4,983 million and issued a EUR 500 million bond in March 2026 to support its expansion and refinancing pipeline. The company also proposes distributing its 47.7% stake in Norion Bank (90,501,180 shares) to shareholders, sharpening its identity as a pure-play Nordic residential landlord.

Name

Balder

Legal name

Balder

Website

https://balder.dk

Company type

Public

Founded year

2005

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Balder is a Swedish publicly listed real estate company that owns and operates a portfolio of 20+ residential rental properties across the Greater Copenhagen area, serving individual tenants, couples, and families with monthly subscriptions of DKK 10,200–28,200.

Ownership category

akta.pro rank

Headquarters

HQ city

Copenhagen

HQ country

Denmark

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Marketing or Sales, Others

Revenue model

1. Residential Rental Income: Balder generates revenue through recurring monthly rental payments from tenants occupying their residential properties across Denmark. The company owns and manages multiple apartment complexes in the Copenhagen area and other Danish cities, collecting rent on a monthly basis.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Balder owns, develops, and operates residential rental apartments (lejeboliger) and commercial rental properties (erhvervslejemål) in attractive neighborhoods across Denmark, primarily in the Copenhagen metropolitan area. The company rents apartments, row houses, and commercial spaces directly to tenants through its own website platform, with in-house service personnel managing properties and tenant relationships. The portfolio spans studios to 5+ bedroom units and includes named property developments across multiple Danish municipalities.

Product overview

Balder is a Danish residential rental company (lejeboliger) offering apartments and row houses across Denmark, primarily in the Copenhagen metropolitan area. The company operates multiple property brands including Østerfælled Torv, Øresund Park, TriumphByen, TriumphHusene, Torveporten, Stævnen, Skibbroen, Strandby Høje, Strandby Huse, Rubinhaven, Fyrkanten, Agerhusene, Carlsbakken, Elsehus, Lavetten, Lerholmen, Lynghaven, Ofeliahaven, GreenHills, Hesteskoen, and Bastionen. Properties range from 1-6 bedroom apartments and row houses (39-179 m²) with amenities such as balconies, terraces, elevators, bike parking, and pet-friendly policies. The company provides rental services through its website including property search, application submission, and property management.

Differentiator

Problem solved

Functional benefit

Products and services

• Balder Lejeboliger (Residential Rental Properties) Residential rental apartments (lejeboliger) across Denmark, primarily in the Copenhagen metropolitan area including Østerbro, Amager, Ørestad, Valby, Hillerød, Espergærde, Hundige, and Høje Taastrup. Properties range from 1-6 bedroom apartments and row houses with various amenities such as private balconies, terraces, elevators, bicycle parking, communal rooftop gardens, and pet-friendly policies. Rental prices range from approximately 10,200 kr to 28,200 kr per month. Tenants can browse listings, submit rental applications, and schedule viewings online at balder.dk.
• Erhvervslejemål (Commercial Rental Properties) Commercial rental properties (erhvervslejemål) offered by Balder to businesses and organizations seeking commercial space within Balder-owned buildings in Denmark. Accessible via the erhverv section of balder.dk.

Quantifiable outcome

• Properties located within 200-250 meters of metro stations

Named customers3 records

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators1 record

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• Castellum: Major Swedish commercial real estate company with growing residential exposure. Comparable as a publicly listed Nordic real estate company with mixed-use portfolios and capital markets access.
• Vonovia: Europe's largest residential real estate company, primarily Germany-focused but with growing Nordic exposure. Comparable as a large-scale institutional residential landlord, though with a different core market.

Direct peers

• Willhem: Swedish residential rental operator focused on urban apartment portfolios. Direct peer in tenant demographic, building type, and ownership/operation model.
• Heimstaden Bostad: Publicly listed Swedish residential property company with pan-European exposure. Closely comparable in business model, asset class, and target geography (Copenhagen included).
• Trianon: Swedish residential property company focused on Malmö and other regional cities. Comparable in apartment rental segment, regional urban focus, and public-market listing.
• Wallenstam: Swedish real estate company developing and managing residential and commercial properties in Stockholm and Gothenburg. Directly comparable in property development plus long-term ownership model.
• SATO Oyj: Finland's largest private residential rental operator, with growing Nordic exposure. Comparable in tenant segment, urban asset base, and institutional ownership model — and notable because Balder's board member recently acquired shares in SATO.
• Heimstaden: Major Nordic and European residential rental operator. Directly comparable as a large-scale, institutional owner-operator of premium residential assets across Denmark and Sweden, with a similar public-markets financing model.
• Akelius Residential Property: European residential rental landlord with exposure to Copenhagen, Stockholm, and other major Nordic cities. Comparable in tenant mix, asset class, and long-term hold strategy.

Emerging players

• K2A Knaust & Andersson: Swedish residential property developer and landlord focused on sustainable rental apartments. Comparable in residential rental segment, though smaller in scale than Balder's Danish portfolio.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/@balderlejeboliger4536
• Facebookfacebook.com/BalderLejeboliger
• Instagraminstagram.com/balder_lejeboliger
• LinkedInlinkedin.com/company/fastighetsabbalder

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Balder