Castellum AB (publ) (CAST) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone, and welcome to this presentation of Castellum's Q2 report. There will be a Q&A session in the end of the webcast. And if you'd like to ask a question by phone, please dial pound key five on your telephone keypad and ask your question. But let's start. Go ahead. Thank you, Kristoffer. And let's start with some highlights from the second quarter. Divestment to Vilborgs. We sold all our properties in the Öresund region minus Copenhagen to Vilborgs. Sales price was 13.3 billion. We also sold the portfolio here in Stockholm with two buildings and we sold it to Alekta and the sales price was 5 billion. and a sort of common denominator for both of those transactions were that we received a good price and we think that we will not be able to meet our return targets given the price we achieved in those two transactions. We have continued to conduct share buybacks. So for the first six months of 2026, we have purchased 39 million shares for 4.6 billion. And on the leasing side, Ericsson did not use its option to not lease the full Infinity, but they would rather lease the full Infinity. And we also made a leasing contract with Ericsson for two additional buildings in Hagaston, Emerald House and Jubileumshuset. There are some conditions to those two agreements. So these two lease agreements are not a part of our net leasing this year and probably not until the end of next year in 2027. Short introduction of Castellum. We have a property portfolio of 134 billion. We also own 37% of the listed Norwegian company Entra. Currently we have 5.2 million square meters and 650 properties and around 500 employees, but that will reduce as we have the closing on the announced transactions. We are working quite diligently with sustainability and not the least with red...