Prisma Properties AB (publ) (PRISMA) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone. And thank you for joining today's presentation of our Q4 report and full year results. In the final quarter, we continue to have strong momentum. Prisma and our organization continue to delivering results and we're growing in both in size and profitability. 25 was Prisma's full year as a listed company. a year in which Prisma delivered growing earnings, stable cash flows, and continued portfolio growth in a well-performing segment. Let's go through the key highlights. During the quarter, we communicated our updated financial targets, where we adjusted our net LTV target to 55%, with the possibility to short-term go up to 60%. This decision is part of our strategy to increase our investment capacity and create long-term shareholder value as we have moved to a more capital optimized growth phase. Our target is to reach 16 billion portfolio by the end of 28, which we intend to achieve through development projects, acquisitions and asset contribution deals while still maintaining financial stability. During the quarter, we've been very active in building up our portfolio in Finland. We have made several acquisitions of both groceries and discount retail. With this work, we have now reached the initial volume we set out to achieve. It's two acquisition I would like to highlight is our acquisition from Kesko, a portfolio of 10 grocery stores across Finland, and also the acquisition of two new Ecomax stores in Sweden. Both these acquisitions are in line with our strategy to increase our share of groceries in our portfolio. Finland will continue to remain our primary focus for acquisitions as we see attractive opportunities in the market. I'm also pleased to share that our earnings capacity increased by 11% this quarter, by 41% year over year, and by ...