Catena AB (publ) (CATE) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

that has a turnover of more than 8 billion SEK has only this location for all of the outgoing goods. And next slide, please. And the other day, or actually yesterday, we signed an agreement to acquire El Giganten's distribution and central warehouse in Jönköping. The property is located opposite our newly built facility that El Giganten rent from us. Closing will take place on 1st of September and after that we will have about 200,000 square meters of logistic space leased to El Gigante. And the investment is 1,275,000,000 SEK before deduction of deferred tax and has an estimated net operating income of approximately 80,000,000 SEK. And this transaction was an off-market and shows that we can act as fast-footed as anyone else. And we really enjoyed doing the transaction together with Neon. Next slide, please. Our ongoing project portfolio totals to around 1.2 billion SEC, where 400 million is remaining investment. When all is completed, we will add another 91,000 square meter to the portfolio, and the yield of those projects is around 7%. Next slide. Regarding our land bank and future development, we are approaching the adoption of new zoning plans for two of the areas, namely Skjæra in Ängelholm, which the municipality will decide on in September, and in Örebro, where the municipality is expected to adopt the plan at the end of Q4. So that's positive for us. Next slide, please. Looking at our leasing operations, our net leasing came in with plus 63 millions for the first six months, and for the second quarter, it was plus 16 millions. Our whale is at 6.6 years, and the letting ratio is at 96.5%. Next slide, please. And over to the sustainability. Next slide again. The environmentally certified area is now 57% and will increase further as projects and new acquisition...