Catena AB (publ) (CATE) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

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 5 on their telephone keypad. Now I will hand the conference over to the speakers. Please go ahead. Hi and very welcome to Katana's presentation for the Q2 report. The agenda is, as always, first a summary, then a business overview, some updates from the business, some sustainability numbers, the financial update, a takeaway from today, and then we end up with some Q&A, hopefully. First of all, a summary of the Q2 report. We report the 17% increase in rental income ended up at the 1,510,000,000 SEX driven mostly by acquisitions, but also by our CPI-linked contracts. Profits from property management increased by 14% in total, and per share, it was up 5.2%. Isolated for the second quarter, the increase per share was up 10.9%. Our NRV came in at 461.28 SEC. The balance sheet is still solid with an LTV at 44.5%. And the 1st of July, we disposed the portfolio to MSS, which leads to 43.9% in LTV as we speak. The occupancy rate has dropped to 94.6%. Even though we have some tenants moving out during the quarter, we are positive to come back to the levels at 95% or above in the coming quarters. Our whale is now at 7.1 years, which means that we have a very strong cash flow secured for many years ahead. After closing the deal with Urban Partners at the 1st of April, we can confirm that we have established a Nordic platform with a strong offering to the market. Next slide, please. The business overview and next slide. The market update preliminary figures shows that the transaction volume in the industrial segment amounted to 23.5 billion SEK during the first half ...