Eastnine AB (publ) (EAST) Q2 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:05.479 Hello and very warm welcome to our first half result 00:00:05.479 -- 00:00:11.727 presentation. My name is Kerstuti Sasnauskas, I'm CEO of East9 and with me is Britt-Marie 00:00:11.727 -- 00:00:13.727 Nyman. 00:00:15.172 -- 00:00:20.420 Today we will go through the first half and the second quarter and 00:00:20.420 -- 00:00:24.550 discuss a little bit about the market and the opportunities we see. 00:00:24.550 -- 00:00:26.550 So 00:00:26.754 -- 00:00:32.423 before I start, I just want to note that please post your questions during our presentation 00:00:32.423 -- 00:00:37.407 so we can start responding to them directly after. 00:00:38.412 -- 00:00:44.782 We are building a very exciting company in the fastest 00:00:44.782 -- 00:00:50.029 growing part of Europe. And it's a company focused on prime offices 00:00:50.029 -- 00:00:53.559 in prime locations. And 00:00:53.559 -- 00:00:59.274 our offices actually yielding not as offices in most of the European 00:00:59.274 -- 00:01:02.924 countries, they're actually yielding very highly at 6.2%. 00:01:02.924 -- 00:01:04.506 Our 00:01:04.506 -- 00:01:07.588 surplus ratio is 93.5% 00:01:08.433 -- 00:01:14.041 and we enjoy very high occupancy. Our property portfolio over the last 12 00:01:14.041 -- 00:01:20.251 months has increased by 47%. So it's an amazing development 00:01:20.251 -- 00:01:24.077 over these years and especially 00:01:24.077 -- 00:01:27.224 even during the last quarter. 00:01:27.224 -- 00:01:32.674 Our rental income is up 62%. In comparable portfolio, 00:01:32.674 -- 00:01:36.442 we grow 5.1% over this quarter. 00:01:36.442 -- 00:01:40.569 Profit from property management increasing by 54% and 00:01:40.569 -- 00:01:42.569 profit 00:01:43.014 -- 00:01:47.727 from property manag...