Erik Selin
CEO
Replay available
Fastighets AB Balder (publ) (BALD_B) Q1 2025 Earnings Call
Fastighets AB Balder (publ) (STO: BALD_B) Q1 2025 earnings conference call, held 2025-05-08. Replay captured from the company's public earnings webcast.
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Investor webinar replay
Watch the replay and follow the connected company analysis, news, and investor updates for Fastighets Ab Balder Class B.
Replay transcript excerpt
WEBVTT 00:00:00.267 -- 00:00:03.774 Good morning, everyone. Welcome to Balder's 00:00:03.774 -- 00:00:07.621 call for the first quarter of 2025. We'll 00:00:07.621 -- 00:00:13.372 have some introductory remarks from Erik and Eva, and then open up for questions. 00:00:13.372 -- 00:00:17.834 And with that, I'll leave the word to Erik Selin, CEO of Balder. 00:00:17.834 -- 00:00:22.238 Thank you, Jonas, and good morning, everyone. 00:00:22.381 -- 00:00:26.767 Balder is a real estate company with the Nordic exposure. 00:00:26.767 -- 00:00:31.191 We are one of the largest and most diversified 00:00:31.535 -- 00:00:34.642 real estate companies in the Nordic region. 00:00:34.642 -- 00:00:39.931 We've been active for 20 years, more or less now, 00:00:39.931 -- 00:00:44.999 and we have a mixed portfolio with residentials and commercial 00:00:44.999 -- 00:00:49.924 property, roughly half of each. 00:00:51.390 -- 00:00:56.615 We manage our assets ourselves. That is one of our fundamentals. 00:00:57.153 -- 00:00:58.614 Even 00:00:58.614 -- 00:01:03.619 normally we buy and hold, but we can also develop 00:01:03.619 -- 00:01:07.963 and build and hold, and obviously also build and sell. 00:01:07.963 -- 00:01:13.268 And we have had an average NAV growth of 26% per 00:01:13.268 -- 00:01:18.292 year since inception 20 years ago. We have a S&P 00:01:18.292 -- 00:01:21.375 rating, BBB flat, 00:01:21.375 -- 00:01:24.976 and net debt to asset of 49%. 00:01:25.823 -- 00:01:31.390 So that's a baller at the glance looking at the first quarter rental 00:01:31.390 -- 00:01:36.817 income increased 9% and the NOI net operating income 00:01:36.817 -- 00:01:39.201 increased 10%. 00:01:39.201 -- 00:01:41.804 If we then look at the 00:01:41.804 -- 00:01:47.011 profit per share, you can see an increas...