Care Property Invest N.V. (0R6H) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to you all joining us for the Earnings Call 2024 and the Strategic Outlook 2025 for Care Property Invest. For those who do not know me, my name is Patrick Coutenier. I joined Care Property Invest a couple of months ago and I succeeded to Peter van Heukelom as CEO of the company as of the 1st of January. I was initially trained as a financial auditor and spent almost 30 years with a fine company called KBC Group in very diverse positions, primarily in corporate banking and investment banking. I was general manager for different regions in the country and I was also CEO of KBC Securities for a number of years. Lately I was also active in wealth management for the ultra high net worth entrepreneurial client segment. I was thrilled to join Care Property Invest as it is a company in a business that is quite dear to me. I have always been very interested in equity markets and real estate, and I think it's very challenging times in this business, which was quite appealing to join the company. I will host this call together with Philip van Zeebroeck who is undoubtedly familiar to you as Philip is the CFO for already a number of years of Care Property Invest. So thanks for joining us and I now give the word to Philip to help us through some key features of the company to kick off the presentation. Hi, good morning everyone. I will start with some key features of the company as on the 31st of December 2024. Financially, we have portfolio of 1.3 billion euros made up of financial leases and the ever diluting historical portfolio of currently about 17%. Investment properties, the new portfolio build up after 2014, currently 1.1 billion euros. We have an income of 69.6 million euros and EPRA earnings of just below 40 million euros. For 2024, we have an EP...