Castellum AB (publ) (CAST) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to this presentation of Castellum's Q2 report. My name is Christoffer Strandbeck, Head of Investor Relations. There will be a Q&A session in the end of the webcast. If you'd like to ask a question by phone, please dial pound key five on the telephone keypad and ask your question. Let's start. Please go ahead, Joakim. Thank you, Kristoffer, and I say also good morning and welcome to this presentation of Castellum's Q2 results. In June, we announced our first larger acquisition for quite some time. We got the opportunity to acquire a high quality portfolio of assets in Uppsala, Örebro and Linköping with a total property value of approximately 1.7 billion SEK. We will look into this acquisition in more detail later on in the presentation, of course. In addition to the acquisition, we have continued to invest in our existing properties and have started a few more projects, as well as continued to increase our stake in Entra. We have a strong financial position and have the capacity to continue to invest in attractive opportunities. During the quarter, we have refinanced bank loans of 10 billion SEK continuing to increase our debt maturity and at the same time achieving a cost reduction through lower credit margins. On Friday this week, the 18th of July, we will hold an extra general meeting of shareholders in Stockholm, where our shareholders will decide upon a new board of directors. As usual, we have this short overview for those of you that do not know us that well. We're one of the largest listed properties companies in the Nordic region with a property value of approximately 159 billion, including our share in associated companies, which are Entra and Halvorsen. The focus on We focus on three segments, office, which is our largest segment, l...