Eastnine AB (publ) (EAST) Q1 2026 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:06.241 Hello and very warm welcome to EAST9's first quarter results. 00:00:06.241 -- 00:00:12.291 My name is Kastuti Sasnauskas, I'm CEO of EAST9 and with me I have Britt-Marie Nieman. 00:00:12.291 -- 00:00:17.319 We will together present, guide you through the quarterly result. 00:00:17.319 -- 00:00:21.667 Today we are sending from a live studio with some live attendance, which we are very 00:00:21.667 -- 00:00:25.270 happy for. So very welcome to you as well. 00:00:25.270 -- 00:00:29.757 And please post our questions during the presentation. 00:00:29.757 -- 00:00:36.388 We will respond to them at the end of our presentation. 00:00:36.388 -- 00:00:42.117 So let's go into the results for the quarter. 00:00:42.117 -- 00:00:48.527 We see it as a very stable quarter. We're coming from a very high level of 00:00:48.527 -- 00:00:52.352 occupancy, a very high level of revenues 00:00:52.352 -- 00:00:57.419 in our portfolio. So, of course, this growth has flattened out, 00:00:57.419 -- 00:01:03.848 which is a purely natural thing, as we didn't do any acquisitions. 00:01:03.848 -- 00:01:08.174 Our rental income down approximately 1%. So it's, again, flat. 00:01:08.174 -- 00:01:13.362 Profit from property management minus 2%. This is also reflecting a little 00:01:13.362 -- 00:01:16.186 bit the build-up of the portfolio, 00:01:16.186 -- 00:01:19.912 not portfolio, but the build-up of our internal resources. 00:01:19.912 -- 00:01:25.938 We are hiring more people in Poland. But also we had a very cold winter, 00:01:26.401 -- 00:01:31.947 which actually with slightly higher vacancy affects 00:01:32.210 -- 00:01:35.375 the profit from property management for this quarter. 00:01:35.375 -- 00:01:41.106 Unrealized value changed, minor, slightly negative, ...