Neobo Fastigheter AB (publ) (NEOBO) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to Neobo Q3 Report 2025. For the first part of the conference call, the participants will be in listen-only mode. 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 Ilva Sarbi-Westman. Please go ahead. Thank you very much. Good morning, everyone, and welcome to the presentation of Neobo's Interim Report, January to September 2025. My name is Ylva Sorby-Vestman, and joining me today is our CFO, Maria Strandberg. We have remained focused on our core business, creating attractive and sustainable living environments where people can thrive and feel secure. And it's rewarding to see our efforts paying off. Profit from property management increased by 32% during the period, despite seven properties being divested last year. Rental income in the Like for Like portfolio increased by 4% and net operating income increased by 10% in the Like for Like portfolio due to both higher rental income and lower property management costs. We are reporting positive unrealized value changes in the property portfolio of 14 million as a result of increased net operating income due to investments being made in the portfolio. The property portfolio now has a value of 13.9 billion, comprising 8,300 apartments, and residential properties account for 94% of the total value. Our rental value exceeds 1 billion and has been positively impacted by, among other things, a 4.8 rent increase in the residential portfolio and apartments renovations that we have completed. We continue to create value through strategic improvements and since the start of the year we have invested 167 million to improve the attractiveness and safety of our properties. The economic occupancy rate f...