Atrium Ljungberg AB (publ) (ATRLJ_B) Q2 2025 Earnings Call

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WEBVTT 00:00:00.231 -- 00:00:05.394 Welcome to this report presentation for the second quarter of 2025 00:00:05.394 -- 00:00:10.416 by real estate company Atrium Ljungberg. Presenters are CEO 00:00:10.416 -- 00:00:15.658 Annika Ånäs and CFO Anna Jeppsson. And by that, please welcome 00:00:15.658 -- 00:00:20.061 Annika Ånäs, CEO, go ahead with your presentation. 00:00:20.061 -- 00:00:25.083 Thank you very much. The headline for this report is increased net operating 00:00:25.083 -- 00:00:30.736 income in the comparable portfolio, a sign of strength. 00:00:30.736 -- 00:00:35.619 I would like to begin by summarizing the main content of this report. 00:00:35.619 -- 00:00:40.582 Overall, it is a quarter in line with our own expectations, and I think it's a strong 00:00:40.582 -- 00:00:44.483 report considering the market conditions. 00:00:44.504 -- 00:00:49.567 Our net letting amounted to negative 9 million in the second quarter, but 00:00:49.567 -- 00:00:52.789 the first half of the year, positive 14 million. 00:00:52.789 -- 00:00:57.202 I will come back to this in more detail later. 00:00:57.202 -- 00:01:02.885 Our net operating income, like for like, increased by 1% in the quarter and 2% 00:01:02.885 -- 00:01:08.308 during the first half of the year. A good number in the current market 00:01:08.308 -- 00:01:12.251 condition. Profit from property management decreased by 13%. 00:01:12.251 -- 00:01:14.112 The 00:01:14.112 -- 00:01:19.215 biggest effects are that we last year sold properties to strengthen our balance 00:01:19.215 -- 00:01:24.717 sheet and that our interest costs have increased. 00:01:24.763 -- 00:01:29.487 We see unchanged yields in the market and we have invested 1.4 00:01:29.487 -- 00:01:34.511 billion during the first half of the year and the property v...