SB1 Markets earlier this week conducted a review of the real estate sector and initiated coverage of nine Swedish companies. In total, Nordic real estate coverage is thus at 33 companies, of which 22 are Buy and 11 Neutral. No stock has a Sell recommendation."This reflects our positive sector view, supported by low valuations," writes SB1.Top picks in the sector are Balder, NP3 and Sagax. Among the somewhat smaller real estate companies, Intea, Logistea and SLP are preferred."We have a positive sector view and we have no Sell recommendations, because 1) much of the negative seems to be priced in, which is reflected in sector valuations that have fallen to levels historically only seen during times of crisis; and 2) the limited number of companies where we see significant balance sheet risks that are not already reflected in a deep NAV discount. We have a cautious stance on the residential segment and the office market in Stockholm, segments where we remain selective and continue to have an overweight of Neutral recommendations," the analysis states.The list below shows the companies where SB1 has initiated coverage.CompanyRecommendationTarget price, SEKBrinovaNeutral314CoremNeutral3.7FastpartnerBuy50KlaraboBuy17LogistriBuy18InteaBuy85StudentbostäderNeutral1.7SveafastigheterNeutral38TrianonNeutral19