Atrium Ljungberg AB (publ) (ATRLJ_B) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to this live broadcasted report presentation regarding the third quarter of 2025 with real estate company Atrium Ljungberg. Presenting is Annika Åhnes, CEO and CFO Anna Jeppsson. Please go ahead with your presentation, Annika. Yes, thank you very much. As a start, I would like to summarize a few things from this report. And the headline for the report is our high quality property portfolio delivers results. Our net letting amounted to 3 million in the third quarter, but if we take into consideration also contracts cancelled due to upcoming projects, the number is 9 million. And for the first nine quarters it was 16 million or 23 million. Our net operating income, like for like, increased by 4.3%, which is a good number, for the quarter, and 2.6% during the first nine months. Profit from property management decreased by 3.7% this quarter, and the biggest effect are that we last year sold some properties, but also that the interest rates have increased. A good part is that overall we see a very good cost control in the company. We see unchanged yields in the market but have increased changes in the value mainly due to project gains. Anna will talk about this more later. We have invested 2.1 billion during the first nine months and the property value adds up to 61 billion in the end of the quarter. We have ongoing projects with an investment of 9.8 billion, of which 5.3 billion remains to be invested. We have completed one project and we have a new decided one, so still 11 ongoing projects. If we look at the overall portfolio, it looks very similar to last quarter with 80% of the value in Stockholm and that we have 64% of the portfolio is offices. The LTV is stable of 42% and the occupancy rate 90%. And then a few words about the market. After a quite long perio...