Platzer Fastigheter Holding AB (publ) (PLAZ_B) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome everyone joining us today for our first quarter interim report. My name is Johanna and I will be co-presenting together with my CFO, Jakob. We entered 2026 with a high level of business activity, similar to the previous quarter in fact. As I mentioned before, maintaining a strong business momentum is a key ambition of mine and I'm proud to see that this quarter we are seeing results from our efforts, both in meeting customer needs our letting activity, and on the transaction side. Despite a turbulent macro environment with geopolitical tensions and ongoing conflicts in the Middle East, we have successfully closed several important agreements. We delivered a strong letting performance, including several large lettings and a successful renegotiation stock with solid rental growth. Net letting amounted to 20 million Swedish crowns, and we improved our occupancy rate. All of this net letting was generated from our office portfolio. We likely have not seen yet the full long-term effects of the war in the Middle East, particularly regarding energy prices, inflation and interest rates, but we are noting some volatility in market rates and slightly more cautious focus in the Swedish economy recovery. So far, we have not experienced any slowdown in corporate decision-making, but we remain mindful that this could change. My guiding principle, however, is to focus on what we can control, and that is where we put in our efforts. That said, here and now, we are delivering. Speaking of our strongest business momentum, most notable, we recently signed a major combined asset swap with the Port of Gothenburg. creating multiple positive effects. In addition, in January, we signed a letter of intent regarding a future land allocation adjacent to Gothenburg Central Station, both...