Diös Fastigheter AB (publ) (DIOS) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone, and welcome to today's DIOS interim report for January to March 2025. My name is Seb, and I'll be the operator for your call today. If you would like to ask a question during the Q&A session, please press star 1 on your telephone keypad. If you would like to withdraw your question, please press star 2. I will now hand the floor to Johan Doernmacht to begin. Please go ahead. Good morning, and welcome to this Q1 presentation of DIOS results for the first quarter 2025. My name is Johan Dönmar. I'm the Chief Investor Relations Officer. I'm joined today by CEO David Karlsson and CFO Rolf Larsson. Today, we will begin with a brief summary of our performance, followed by a detailed update on the results. Then we'll provide a market update and also discuss the recent transaction in Umeå. Finally, we open up the floor for a Q&A session. Thank you for your engagement. I now hand over to David. Thank you, Johan. To give a short introduction of the development in the first quarter, I start by stating that it has been a quarter marked by increased uncertainty and turbulence in the global stock and capital markets. In our cities, we have noted Northvolt's bankruptcy, which primarily affects Skellefteå. while we have received clarification that over 1,000 new jobs will be created in Östersund and Falun related to defense-related initiatives. Operationally, the result for the first quarter is really stable. The growth in income from property management amounts to 10% for the quarter. The average interest rate decreases by 10 basis points from the turn of the year, and net leasing is positive again. rental market in northern sweden remains resilient the increase in vacancies is due to asset rotation and the completion of new developments both within our portfo...