Jonas Eriksson
Head of Investor Relations
Replay available
Fastighets AB Balder (publ) (BALD_B) Q2 2025 Earnings Call
Fastighets AB Balder (publ) (STO: BALD_B) Q2 2025 earnings conference call, held 2025-07-15. Replay captured from the company's public earnings webcast.
Hosted by
Featured presenters
Eric Schelin
Chief Executive Officer
Jan Eerfelt
Analyst, Kepler Shoebrew
Lars Norby
Analyst, SEB
Staffan Bulow
Analyst, Nordia
Fredrik Stensved
Analyst, ABG Sundahl Collier
Emil Eckholm
Analyst, Pareto Securities
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 00:00:00.031 -- 00:00:04.361 Good morning, everyone. Welcome to Baldur's conference call for the second quarter 2025. 00:00:04.361 -- 00:00:09.512 Today will be Eric Schelin, CEO, presenting and myself, Jonas 00:00:09.512 -- 00:00:14.524 Eriksson, Head of Investor Relations. And I'll hand the word to Eric 00:00:14.524 -- 00:00:19.741 to show us a few slides and then we will open up for questions. 00:00:19.741 -- 00:00:21.605 Thank you, Jonas. 00:00:21.605 -- 00:00:27.817 Balder at a glance. We are a Nordic property company to 226 00:00:27.817 -- 00:00:31.324 billion of portfolio value. 00:00:31.324 -- 00:00:36.033 So it will be flat rating. We have 95% occupancy 00:00:36.033 -- 00:00:41.105 and NAV per share right now is at 91.2 kronor. 00:00:41.105 -- 00:00:46.690 and that is an interesting figure and from the beginning 20 00:00:46.690 -- 00:00:51.655 years ago we have managed to compound at an annual rate of 25%. 00:00:51.655 -- 00:00:58.281 The portfolio is a bit over 50% resi and 00:00:58.281 -- 00:01:04.625 slightly below 50% commercial and the commercial is very diversified. 00:01:04.847 -- 00:01:10.248 Looking at the Q2 figures we have a rental income increase of 7% 00:01:10.248 -- 00:01:15.975 and the NOI increase of 9% and profit from property management 6% 00:01:15.975 -- 00:01:18.058 better than Q2 00:01:18.058 -- 00:01:20.381 last year. 00:01:20.381 -- 00:01:26.129 Maybe more interesting is to look at the earnings capacity that is now 10% 00:01:26.129 -- 00:01:28.649 better than one 00:01:29.293 -- 00:01:31.295 year ago per 00:01:31.295 -- 00:01:36.862 share. So hopefully we are on the way to a bit stronger increase 00:01:36.862 -- 00:01:39.764 in the earnings trend. 00:01:39.779 -- 00:01:44.545 And like for like rental growth on the whole company ...