Logistea AB (publ) (LOGI_B) Q2 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:03.776 Good morning and welcome to the presentation of Logistea's 00:00:03.776 -- 00:00:09.122 first half year of 2025. Here to present is myself, 00:00:09.122 -- 00:00:13.688 Niklas Huckeman, and our CFO, Philip Löwgren. 00:00:13.688 -- 00:00:17.072 We will answer any questions after this presentation, 00:00:17.072 -- 00:00:20.296 and you can submit questions written 00:00:20.296 -- 00:00:23.037 as they pop up. 00:00:23.774 -- 00:00:29.903 As some of you might remember, we had an old goal to reach 15 billion SEK worth of properties. 00:00:29.903 -- 00:00:34.470 We are today at a bit more, 15.2 billion SEK. 00:00:34.470 -- 00:00:39.657 Total rents for the first time exceeds 1 billion SEK. 00:00:39.657 -- 00:00:45.025 And we continue to report high occupancy and high net initial yield 00:00:45.025 -- 00:00:47.105 of 6.8%. 00:00:49.728 -- 00:00:54.773 Looking at the financials for the first half year, we are reporting income 00:00:54.773 -- 00:00:57.136 of 511 million 00:00:57.136 -- 00:01:02.261 SEK representing an increase of 131%. The NOI 00:01:02.261 -- 00:01:05.182 amounts to 456 00:01:05.444 -- 00:01:10.730 million SEK and the profit from property management amounts to 246 00:01:10.730 -- 00:01:15.074 million, an increase by an impressive 267% 00:01:15.074 -- 00:01:20.155 compared to last year. And maybe most important, the profit from 00:01:20.155 -- 00:01:24.885 property management per share has increased by 74% compared 00:01:24.885 -- 00:01:30.397 to last year. The vault remains high at 9.6 year, 00:01:30.397 -- 00:01:35.488 and the net LTV is down to 47% following the rights issue 00:01:35.488 -- 00:01:37.131 undertaken 00:01:37.131 -- 00:01:39.692 a few weeks ago. 00:01:40.589 -- 00:01:46.616 It's been a very active 2025 for us ...