Catena AB (publ) (CATE) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Your line is muted. Welcome to the conference call. For the first part of the conference call, the participants will be in listen-only mode. During the questions and answer session, participants are able to ask questions by dialing star five on their telephone keypad. Now I will hand the conference over to the speakers. Please go ahead. Hi, and very welcome to Katia's presentation for the Q1 report 2026. My name is Jörgen Eriksson, CEO of the company. And here is the agenda for today. A summary, a business overview and an update, followed by sustainability, finance and a short takeaway before ending up with Q&A. So starting with the summary of Q1. We report a 9% increase in rental income, ended up at 701 million SEK, driven mostly by acquisitions, but also by our CPI-linked contracts. Profit from property management increased by 7% in total, and per share, it was down 1%. The temporary decrease in income from property management per share relates to the equity rates we did in January to be prepared for the closing of the Nordic portfolio at the 1st of April. We expect to report an increase in this measure from Q2 and forward wise. Our NRV came into 454 SEC and the balance sheet is very solid with the LTV at 33.6%. The occupancy rate has dropped to 95.1%, which is due to two factors. We have taken over the project Køge in Denmark. This new construction project located in a prime location was acquired vacant, and we are currently working on leasing it out and are hopeful that we will be able to secure a lease agreement there in due course. The second reason is one of the buildings in the Ramlösa project, which was completed in Q1. and where Nowaiz is currently leasing only half of the space. As I mentioned earlier, in Q1, we have positioned ourselves for the continued ...