Genova Property Group AB (publ) (GPG) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

The joy is that the second quarter for Genova has gone very well. We continue to increase the administrative results per share, driven by a strong net of operations. And what feels very positive when we look forward, is that we see that rental revenues in the existing stock will increase in the form of both remittances and renewals in combination with a larger acquisition, which will be approved during both the third and fourth quarter. And that is positive for the business and something we are really looking forward to. It has been a great quarter in the administration. We continue to increase our rental revenues and our net profit. The work and the clear trend we have seen during the first half of the year with increased attractiveness around our premises has resulted in the fact that we have put both a number of negotiations and renewals for nearly 40 million in rental value. which will strengthen our cash flow and strengthen our level of export. And that is something that we have felt and that we are now happy to have been able to get in place. So we see clear signs that we will have increased revenues from the third to the fourth quarter. City development and project development is an important complement to our administrative business and an important way for us to create value. The joy is that we continue to work, we see that we are moving forward and that type of business will drive both profit and liquidity. Today we have a understated and implicit overvalue in that portfolio of almost 1.4 billion SEK, which is not reflected in our balance sheet. It corresponds to about 30 SEK per share, and that is a big buffer and opportunity for us to create value and liquidity in the coming years. The joy is that during this first half year, we have secured further finis...