Neobo Fastigheter AB (publ) (NEOBO) Q4 2025 Earnings Call

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WEBVTT 00:00:01.178 -- 00:00:06.366 Thank you very much and good morning everyone and welcome to the presentation of NioBo's 00:00:06.366 -- 00:00:08.449 full year report. 00:00:08.449 -- 00:00:13.256 My name is Ylva Saarby Westman and I'm joined here today by our CFO Maria Strandberg. 00:00:13.256 -- 00:00:15.256 2025 00:00:15.960 -- 00:00:22.103 was a strong year for NioBo with positive performance across all operations. 00:00:22.103 -- 00:00:27.351 Profit from property management improved significantly to 201 million, 00:00:27.351 -- 00:00:31.517 despite the loss of NOI from properties divested in 2024 and 2025. 00:00:31.517 -- 00:00:33.517 And 00:00:33.761 -- 00:00:37.186 this corresponds to an increase per share of 34%. 00:00:37.186 -- 00:00:39.186 Rental 00:00:40.010 -- 00:00:45.338 income in the Like for Like portfolio increased by 5% as a result of the annual 00:00:45.338 -- 00:00:51.184 rent increases and rent uplifts from value adding apartment renovations. 00:00:51.398 -- 00:00:56.609 Net operating income increased by 10% in the Like for Like portfolio, driven 00:00:56.609 -- 00:01:01.735 by both higher rental income and lower property management costs. 00:01:01.800 -- 00:01:06.890 For the full year, we are reporting positive unrealized value changes in properties of 00:01:06.890 -- 00:01:12.538 16 million due to improved NOI following investments. 00:01:13.690 -- 00:01:19.658 Our property portfolio is valued at 13.6 billion and comprises 8,100 00:01:19.658 -- 00:01:21.480 apartments. 00:01:21.480 -- 00:01:25.385 Residential properties account for 94% of the total value. 00:01:25.385 -- 00:01:27.385 Our 00:01:27.388 -- 00:01:32.414 portfolio generates an annual rental value exceeding one billion, and 00:01:32.414 -- 00:01:37.501 it has been positively impa...