Corem Property Group AB (publ) (CORE_A) Q3 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to the Quorum Q3 Report 2024. 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 pound key 5 on their telephone keypad. Now I will hand the conference over to the Speaker CEO Rutger Arnholt. Please go ahead. Hello and welcome to Coram's presentation of the third quarter of 2024. We have a quarter that we know quite well and are pleased with at most points. We have a challenging market, but we deliver a result that I think is in line with most expectations when it comes to income and costs. We have revenues of almost 2.8 billion. Costs of supply and demand of 1.8 billion. And then a financial net of 950 million. And after that we have a sales result that goes up to 736 million per year. We have, of course, value changes during the year. They were negative during the first half of the year, but now we see a turn in the market. All the other things would be strange, we think, considering the recent development. And we got a little positive feedback on quarter three. But for the whole period, we have almost half a billion in value lost. We have almost the same amount in value lost on our derivatives. And that should be completely different, you might think. Men derivaten omvärderas av marknaden blicksnabbt, men så görs det ju inte med fastigheter. Så man får väl antag förvänta sig att med viss fördröjning att vi får se motsvarande, åtminstone motsvarande tal åt andra hållet på fastighetsportföljen. Gå vidare så har vi ju under perioden fått ett NAV som har krympt lite grann, delvis på derivaten, men annars är resultatet positivt. But it also depends on the fact that we have made a new emission at about 1 billion, which increases the num...