Prisma Properties AB (publ) (PRISMA) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone, and thank you for joining today's presentation of our Q1 report. We have entered the year with continued strong momentum, maintaining the pace from the final quarter of last year. Our strategy continues to deliver results, and we are growing in both in size and profitability. During the quarter, we passed the 10 billion mark, up from 6.5 when we listed the company in June 24. And we remain on track to reach 16 billion by the end of 28. Let's go through the key highlights. This quarter we have focused on activating our building rights. We have signed several new long lease agreements with leading QSAR tenants in both Sweden and Denmark. with these developments expected to be completed during the year and in 2027. We continue to focus on the remaining building rights in our portfolio, with the ambition that all of them will be activated and generate income before the end of 2028. As for our largest building right in Kungeskurva, the zoning process is underway and we expect it to be finalized in Q1 2027. We aim to communicate our plans and future tenants in the near future. In Finland, we have continued to acquire modern discount retail during the quarter. Since entering the Finnish market, we have completed acquisitions of almost 160 million euro. We will continue to grow through new acquisitions with the target of reaching over 200 million in the coming quarters. focusing primarily on grocery assets while also making progress on our development projects in Sweden and Denmark. This quarter, we've also entered into an agreement to sell our two properties in Norway. And we exited the Norwegian market in early April this year. This was a strategic decision as we continue to focus on Sweden, Denmark and Finland, markets where we see the best opportu...