Neobo Fastigheter AB (publ) (NEOBO) Q2 2026 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.376 Welcome to Neobo Q2 Report 2026. For the first part of the conference call, 00:00:05.376 -- 00:00:08.038 the participants will be in listen-only mode. 00:00:08.038 -- 00:00:13.103 During the questions and answers session, participants are able to ask questions by dialing 00:00:13.103 -- 00:00:18.568 pound key five on their telephone keypad. Now I will hand the conference over to CEO 00:00:18.568 -- 00:00:21.731 Ylva Sarby Westman. Please go ahead. 00:00:21.731 -- 00:00:27.015 Thank you very much. Good morning everyone and welcome to the presentation of 00:00:27.015 -- 00:00:31.698 Neobo's interim report for the first half of 2026. 00:00:31.698 -- 00:00:37.641 My name is Ylva Sarby Westman and with me today is our CFO Maria Strandberg. 00:00:38.343 -- 00:00:43.667 Despite an uncertain market environment, we have stayed focused on what we can influence 00:00:43.667 -- 00:00:47.989 and continued to improve our residential areas. 00:00:48.087 -- 00:00:53.410 Our rental income in the Like4Like portfolio increased by 4%, driven in part 00:00:53.410 -- 00:00:58.053 by completed apartment renovations and lower vacancy rates. 00:00:58.053 -- 00:01:03.756 Net operating income decreased to 244 million, mainly due to divestments 00:01:03.756 -- 00:01:07.257 and colder weather in the first quarter. 00:01:07.419 -- 00:01:12.483 Profit from property management decreased to 87 million, driven by the same 00:01:12.483 -- 00:01:17.767 factors. And due to share buybacks, profit from property management per share 00:01:17.767 -- 00:01:21.449 decreased slightly less, by 11%. 00:01:22.031 -- 00:01:27.475 The value of our property portfolio remains stable at 13.6 billion. 00:01:27.475 -- 00:01:32.919 It comprises approximately 8,100 apartments, with resi...