Eastnine AB (publ) (EAST) Q2 2026 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.292 Hello and very warm welcome to IS9's second quarter result presentation. 00:00:05.292 -- 00:00:10.453 My name is Kestutis Sasnauskas and with me, Adela Colakovic, 00:00:10.453 -- 00:00:15.594 our new CFO. We will together guide you through this quarterly result 00:00:15.594 -- 00:00:20.735 and the latest news in the company. Before I start, I kindly ask 00:00:20.735 -- 00:00:26.016 you to post questions during our presentation and when the presentation is over, 00:00:26.016 -- 00:00:29.337 we will respond to your questions. 00:00:29.537 -- 00:00:32.818 So if we move to our 00:00:33.180 -- 00:00:37.023 second quarter, we deliver stable results. 00:00:37.023 -- 00:00:42.428 Our rental income is up slightly. We're coming from very high occupancy 00:00:42.428 -- 00:00:47.812 levels. So it's very difficult to increase our earnings significantly 00:00:47.812 -- 00:00:50.072 from 96.5% 00:00:50.574 -- 00:00:55.480 occupancy, which also increased during the quarter. 00:00:55.480 -- 00:01:00.503 Our net operating income, again, stable, somewhat lower over 00:01:00.503 -- 00:01:06.027 the first half year. But it's also the same for the profit and property management. 00:01:06.027 -- 00:01:11.951 It's a result of us actually building up organization to take our next step. 00:01:11.951 -- 00:01:13.951 And 00:01:14.373 -- 00:01:18.676 this is probably the main explanatory reason why the 00:01:18.676 -- 00:01:23.017 net results are somewhat lower. Our 00:01:23.880 -- 00:01:27.384 surplus ratio back again at 92.5. 00:01:27.384 -- 00:01:29.106 We have 00:01:29.106 -- 00:01:35.533 achieved now 8 times debt-to-BDA ratio and 45% loan-to-value, 00:01:35.533 -- 00:01:41.440 which actually enables us to do the acquisitions that we just announced this mo...