Logistea AB (publ) (LOGI_B) Q1 2026 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:04.344 Good morning everyone and welcome to the presentation of Logistea's first quarter of 00:00:04.344 -- 00:00:10.241 2026. Here present myself, Niklas Uckeman and Filip Löfgren. 00:00:10.241 -- 00:00:15.791 As always, we'll take any questions after the presentation. 00:00:17.345 -- 00:00:22.290 We have during the beginning of the year continued to deliver on our business plan, meaning 00:00:22.290 -- 00:00:27.675 building a platform and portfolio of long list properties within logistics, warehouse 00:00:27.675 -- 00:00:29.537 and light industrial. 00:00:29.537 -- 00:00:33.641 The main focus for continuous growth is the Nordics. 00:00:33.641 -- 00:00:38.806 And we have only during the quarter of this, the first quarter of this year, acquired 00:00:38.806 -- 00:00:45.678 properties at a value of 1.3 billion SEK in Sweden and Finland. 00:00:45.678 -- 00:00:51.386 As I said, the focus has been to invest and develop fully leased properties, 00:00:51.386 -- 00:00:55.211 long leases and stable and profitable tenants. 00:00:55.211 -- 00:00:59.454 The average lease duration is 9.1 00:00:59.697 -- 00:01:01.279 years. 00:01:01.279 -- 00:01:03.823 And we're showing an 00:01:03.823 -- 00:01:07.425 overall occupancy rate of 97%. 00:01:09.522 -- 00:01:14.709 We have had a flying start of the year and this quarter is probably our strongest quarter 00:01:14.709 -- 00:01:20.036 ever. The income is up 21%, the net operating income 00:01:20.036 -- 00:01:25.103 is up 23% and the income from property management is up to 00:01:25.103 -- 00:01:30.250 148 million SEK in the quarter, representing an increase by 29%. 00:01:30.250 -- 00:01:32.250 We 00:01:32.773 -- 00:01:38.000 have during the quarter acquired properties at a value of 1.3 billion SEK and we're c...