Prisma Properties AB (publ) (PRISMA) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to Prisma Properties Q3 2025 report presentation. For the first part of the presentation, 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 Frederick Masing and CFO Martin Lindquist. Please go ahead. Good morning everyone and thank you for joining today's presentation of our Q3 report where Mårten and I will take you through the key events and financial highlights. This quarter we continue to have strong momentum. Our strategy keeps delivering results and we're growing in both in size and profitability. Let's go through the key highlights. Yesterday, we communicated updated financial targets where we have adjusted our net LTV target to 55%. The decision is part of our strategy to increase investment capacity and create long-term shareholder value, which reflects our transition from a build-up phase to a more capital optimized growth phase. Our goal is to double our portfolio from 8 to 16 billion by the end of 2028, driven by profitable development projects, acquisitions and asset contribution deals, while still maintaining financial stability. I'm proud to share that our earnings capacity is up 46% compared to last year, a result of strong operational performance and disciplined capital allocation. During and after the quarter, we have communicated several acquisitions in both Sweden and Finland. So far this year, we have signed and closed acquisitions of a total amount of approximately 1.3 billion SEK. I would like to highlight the recent acquisitions of two new Ecomaxi stores, properties that will align very well with our modern portfolio and further increase our exposure to the grocery segmen...