Neobo Fastigheter AB (publ) (NEOBO) Q1 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.341 Welcome to Neobo Q1 Report 2025. For the first part of the conference call, 00:00:05.341 -- 00:00:07.985 the participants will be in listen-only mode. 00:00:07.985 -- 00:00:13.034 During the questions and answers session, participants are able to ask questions by dialing 00:00:13.034 -- 00:00:18.264 pound key 5 on their telephone keypad. Now I will hand the conference over to CEO 00:00:18.264 -- 00:00:22.876 Ilva Sarbi-Westman. Please go ahead. Thank you very much. 00:00:22.876 -- 00:00:28.331 Good morning, everyone, and welcome to the presentation of NioBo's interim report, January 00:00:28.331 -- 00:00:33.405 to March 2025. My name is Ylva Saarby-Vestman, and I'm joined 00:00:33.405 -- 00:00:37.105 here today by our CFO, Maria Stanberg. 00:00:37.105 -- 00:00:41.691 Despite a turbulent global environment, we have remained focused on our core business, 00:00:41.691 -- 00:00:45.856 creating attractive, sustainable living environments where people can thrive and feel 00:00:45.856 -- 00:00:48.277 secure. And 00:00:48.680 -- 00:00:53.326 we have had a strong start to the year and operations continue to perform well. 00:00:53.326 -- 00:00:58.632 Rental income in the Like4Like portfolio increased by 4.3%, 00:00:58.632 -- 00:01:02.637 driven by rent adjustments and lower vacancies. 00:01:02.637 -- 00:01:08.308 We continue to create value through active asset management, resulting in a 19% 00:01:08.308 -- 00:01:13.054 increase in net operating income in the Like4Like portfolio. 00:01:13.419 -- 00:01:18.349 Profit from property management more than doubled, despite the divestment of seven properties 00:01:18.349 -- 00:01:21.070 in the previous year. 00:01:21.098 -- 00:01:26.165 For the first time since Neobu was founded, we are reporting po...