Logistea AB (publ) (LOGI_B) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to Logistia Q2 Earnings Call 2026. During the questions and answers session, participants are able to ask questions by dialing pound key 5 on their telephone keypad. Now I will hand the conference over to CEO Nicholas Zuckerman and CFO Philip Lofgren. Please go ahead. Good morning and welcome to the presentation of Logistea's first half of 2026. As always, to present myself, Niklas Huckeman, and Filip Lövgren. And also, as always, we're happy to take any questions after the presentation. We have during the first half of 2026 continued to deliver on our strategy to build a portfolio of long-leased properties within logistics and light industrial. We today own 170 properties at a value of 17.6 billion SEK. The occupancy stands high at 97% and we're reporting a net initial yield of 6.8%. Focus for the growth has been the Nordics and will continue to be the Nordics and will come back to the transactions undertaken during the first quarter of this year. Highlights for the first six months include that we are reporting income of 622 million SEK representing a 22% increase compared to last year. The NOI stands at 559 million SEK and the income from property management is up 27% to 313 million SEK. The income for property management per share is up 20% to 0.61 SEK per share. And we have so far during this period acquired properties at a value of 1.4 billion SEK. We have had a high net letting of 22 million SEK following a very active first quarter of this year. And the income from poverty management per share in the run rate is up 13% year to date. And we still have a large cash balance of more than 500 million SEK. And that gives us room to continue to expand when and if we find interesting investment opportunities. As said, we have reached a portfolio of almost 18 ...