Cibus Nordic Real Estate AB (publ) (CIBUS) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning. Good morning, everybody. And welcome to our webcast for our quarter one 2025 results. Christian Fredriksen speaking here and joined, as always, by? Pia-Lena Olofsson. CFO. So welcome, everybody, and thank you for joining. Let's jump to the next slide, please. So my favorite slide, you will recognize this, converting food into yield. This is still what we do and are planning to continue to do. We are now doing it though on a pan-European basis. As you will see, what's the biggest news in this quarterly report is of course that we now have We are now reporting with the two acquisitions made earlier this year in Benelux, the former state's acquisition and the Danish portfolio of nine assets, which we closed also earlier this year. And those figures are included about two of three months of this quarter. So Siebes converting food into yield. Most of you will recognize what we're saying here, but what we do is we're a real estate company focused purely on daily goods properties. We're the only listed vehicle in the Nordics to do exactly this. There are a couple of European peers on other stock exchanges in the UK and some in Germany, but we're the only ones listed in the Nordic. We've been listed since 2018. We've been paying monthly dividends to our shareholders for this is the fifth consecutive year we've done that. And we've grown from a Finnish supermarket portfolio into the pan-European grocery real estate player that we are now. Our market cap in mid-April was about 1.1 billion euros. And our aim is to create these stable cash flows, which I'm going to talk about a bit later, and also increase earnings capacity per share, which is our key metric, which we follow internally very, very closely. So our properties in the Q1 2025. For those of you that have...