Atrium Ljungberg AB (publ) (ATRLJ_B) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and welcome to Atrium Ljungberg's presentation of Q2 twenty twenty six. The headline for this report is Stable Quarter and a Historic Transaction. We are reporting a stable second quarter with growth in rental income, net operating income and income from property management. In a market characterized by rising vacancies and interest rates, this is a sign of resilience. A key contributing factor is our project portfolio, where six commercial projects and one tenant owned dwelling project have been completed over the past twelve months. Net letting amounted to SEK 15,000,000 during the second quarter and SEK 7,000,000 for the first half of the year. Of the quarterly figure, SEK 13,000,000 relates to project properties and SEK 2,000,000 to the investment property portfolio. Rental income increased by 6.2% and net operating income by 2.1%, despite the nonrecurring cost of SEK 7,000,000 related to electricity charges that had not been invoiced for several years. Income from property management amounted to SEK320 million, an increase of 1.1%. We continue to generate project returns amounting to SEK 41,000,000 during the quarter and SEK 117,000,000 year to date. Yield requirements remain largely unchanged and have been stable for the past two years. Minor adjustments were made to a small number of properties in the management portfolio, resulting in a total value decline of 0.1% during the quarter. Investments during the quarter totaled SEK $674,000,000 and the property value amounted to SEK 62,000,000,000. We currently have ongoing projects representing investments of SEK 9,200,000,000, of which SEK 6,200,000,000 remains to be invested. Three projects were completed during the quarter, Sikla Central, the upper secondary school in Slaktusomrodet and Mela Terasen. I wi...