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

Investor webinar replay

Replay transcript excerpt

Thank you very much and good morning everyone and welcome to the presentation of NioBo's full year report. My name is Ylva Saarby Westman and I'm joined here today by our CFO Maria Strandberg. 2025 was a strong year for NioBo with positive performance across all operations. Profit from property management improved significantly to 201 million, despite the loss of NOI from properties divested in 2024 and 2025. And this corresponds to an increase per share of 34%. Rental income in the Like for Like portfolio increased by 5% as a result of the annual rent increases and rent uplifts from value adding apartment renovations. Net operating income increased by 10% in the Like for Like portfolio, driven by both higher rental income and lower property management costs. For the full year, we are reporting positive unrealized value changes in properties of 16 million due to improved NOI following investments. Our property portfolio is valued at 13.6 billion and comprises 8,100 apartments. Residential properties account for 94% of the total value. Our portfolio generates an annual rental value exceeding one billion, and it has been positively impacted by, among other things, a 4.8 rent increase in the residential portfolio and rent growth from apartment renovations. Rent negotiations for 2026 are ongoing and so far agreements covering 46% of the residential rental income has been reached, resulting in an average uplift of 3.4%. And most increases took effect on January 1st and the remaining negotiations are expected to be finalized during the spring. Our occupancy rate has reached an all-time high of 93.7% compared to 92% when Neobu was formed, driven by successful leasing efforts and the divestment of properties with low occupancy rates. And I'm pleased to highlight a positive p...