Atrium Ljungberg AB (publ) (ATRLJ_B) Q1 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.978 Welcome to this live quarterly report presentation for the first quarter of 2025 00:00:05.978 -- 00:00:09.862 with real estate company Atrium Ljungberg. 00:00:09.862 -- 00:00:15.689 Presenters today are CEO Annika Ånäs and CFO Anna Jeppsson. 00:00:15.689 -- 00:00:19.353 And by that, please go ahead with the presentation, Annika. 00:00:19.353 -- 00:00:21.335 Thank you very much. 00:00:21.335 -- 00:00:26.581 The headline for this report is stable performance and strong financial position in 00:00:26.581 -- 00:00:32.100 an unpredictable world. I would like to begin by summarizing the main content 00:00:32.100 -- 00:00:34.045 of this report. 00:00:34.045 -- 00:00:40.574 Overall, it's a quarter in line with our own expectations as well as the market expectations. 00:00:40.940 -- 00:00:45.810 Our net letting amounted to positive 23 million in the first quarter. 00:00:45.810 -- 00:00:50.302 I will come back to this in more detail later. 00:00:50.302 -- 00:00:54.329 Our profit from property management decreased by 12%. 00:00:54.329 -- 00:00:59.637 The biggest effect are that we last year sold properties to strengthen 00:00:59.637 -- 00:01:04.325 our balance sheet and that our interest rates have increased. 00:01:04.325 -- 00:01:10.472 The operating surplus in the like-for-like portfolio increased by 2%. 00:01:11.227 -- 00:01:17.419 The property value increased by 179 million or 0.3%. 00:01:17.419 -- 00:01:19.644 The change 00:01:19.644 -- 00:01:24.714 consists of increased cash flows as we have not adjusted the yield requirements during 00:01:24.714 -- 00:01:29.744 the quarter. The property value was 59 billion in 00:01:29.744 -- 00:01:32.465 the end of the quarter. 00:01:33.012 -- 00:01:38.284 We have ongoing projects with an investment o...