Fastighets AB Balder (publ) (BALD_B) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to Balder Q4 Report 2025. For the first part of the conference call, the participants will be in listen-only mode. During the questions and answers session, participants are able to ask questions by dialing pound five on their telephone keypad. Now I will hand the conference over to I.R. Jonas Erickson. Please go ahead. Morning everyone. Welcome to this call for Valder's Q4 and full year results 2025. With me in the room I have Erik Selin, CEO and Eva Vassberg, CFO. We will run through some slides as usual and then open up for questions. hi eric celine here if we look at balder at the glance by year end we have a portfolio value of 229 billion and the composition is 54 percent resi and 46 percent commercial occupancy rate at 95 percent we have a good liquidity 24 billion Debt to assets 48.1% and NAV is 94 in this quarter. looking at the q4 numbers specifically we have rental income and noi up four percent and it's important to bear in mind that this is in swedish chroma that has been pretty strong lately profits from property management in earnings capacity goes down seven percent and that is connected or explained by our proposed distribution of norion share as a dividend to the shareholders and also important to just bear in mind that if we look at year-end figures the dividend is roughly 525 per balder share but nav will decrease four kroner per share And like for like rental growth is in the positive territory of 2.7%. And here we have the earnings capacity then updated in more detail. And there you can see Norion effect is on profit from associated companies that goes down. But that is totally explained by the Norion distribution that we will, Most likely due after the AGM. So now it's in the balance sheet booked as another asset that will be distributed...