Genova Property Group AB (publ) (GPG) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

We're starting the year in a good way. Our business is still stable and in good speed. We see that the transaction market is still strong, which is great. The administration is working hard. We're increasing our rental revenues and strengthening our net profit. We continue to work with financing costs and we note that we have lower financing costs today, despite a larger portfolio. We reduce the administrative cost per share, both as a result of lower value changes in interest companies, but we also continue to increase our substance value. So overall, a good start to the year. The administrative business in Genova is the core of our business and it continues to deliver. The plan and ambition for us is to increase it successively all the time and strengthen the cash flow. Today we have a good mix in strong regions. And what we see and are happy about is that we are now, during this quarter, increasing both rental revenues and net profit, and we have a degree of employment that is unchanged. In addition, it should be mentioned that we see an essentially much higher activity on the employment side, where we have several ongoing dialogues that we hope will materialize during the year. An important part of Genova's value creation relates to our development. Of course, it is always dependent on the development in the transaction market. It is exciting to say that already during Q4, we made a major replacement of housing in Knivsta. We continue on the same path even during the first quarter. in cooperation with Urban Partners, sell 50% of our project in Viby, which is a long-term and important project for us. It contributes to and frees liquidity, it lowers our debt and it will increase our profitability in the long term. So this is an important and interesting part of our...