Eastnine AB (publ) (EAST) Q1 2025 Earnings Call

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WEBVTT 00:00:00.537 -- 00:00:05.710 Hello and a very warm welcome to EAST9's first quarter presentation 00:00:05.710 -- 00:00:07.895 of 2025. 00:00:07.895 -- 00:00:13.008 My name is Kerstuti Sasnauskas and with me I have Britt-Marie Nyman joining 00:00:13.008 -- 00:00:15.288 for this presentation. 00:00:16.235 -- 00:00:21.285 So for you who are Watching our presentation first time, just 00:00:21.285 -- 00:00:26.833 a very brief reminder, East9 is a real estate company focusing on prime offices 00:00:26.833 -- 00:00:33.043 in prime locations in the fastest part of Europe today. 00:00:33.043 -- 00:00:38.230 We have 272,000 square meters of leasable area, approximately a billion 00:00:38.230 -- 00:00:41.653 in asset value. economic 00:00:41.653 -- 00:00:47.187 occupancy of 96 percent rental revenue which is in our 00:00:47.187 -- 00:00:50.796 earnings capacity around 62 million euros. 00:00:50.796 -- 00:00:55.808 Average yield six and a half percent loan to value 48 percent and average 00:00:55.808 -- 00:00:59.993 interest of four and a half. 00:01:00.518 -- 00:01:04.085 And with this, I will start going into the quarter. 00:01:04.085 -- 00:01:09.335 Before I do that, I would like to remind all of you to post questions whilst 00:01:09.335 -- 00:01:15.306 we hold the presentation so we can start with answering them straight 00:01:15.306 -- 00:01:17.527 after that. 00:01:17.673 -- 00:01:20.640 We had a wonderful first quarter, 00:01:20.640 -- 00:01:22.845 very strong results. 00:01:22.845 -- 00:01:28.238 Our net operating income is actually growing 75 percent. 00:01:28.238 -- 00:01:33.892 We also have record profits from property management up 46 percent, reaching 7.8 00:01:33.892 -- 00:01:39.022 million euros. And per share, it grows 33% 00:01:39.022 -- 00:01:42.990 just...