PSP Swiss Property AG (0QO8) Q1 2024 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.158 Ladies and gentlemen, welcome to the PSP Swiss Property Q1 2024 results 00:00:05.158 -- 00:00:09.224 conference call. I am Maria, the cross-call operator. 00:00:09.224 -- 00:00:12.649 I would like to remind you that all participants will be in listen-only mode and the 00:00:12.649 -- 00:00:17.256 conference is being recorded. The presentation will be followed by a Q&A session. 00:00:17.256 -- 00:00:22.243 You can register for questions at any time by pressing star and 1 on your telephone. 00:00:22.243 -- 00:00:25.388 For operator assistance, please press star and 0. 00:00:25.388 -- 00:00:28.735 The conference must not be recorded for publication or broadcast. 00:00:28.735 -- 00:00:31.357 At this time, it's my pleasure to hand over to Mr. 00:00:31.357 -- 00:00:34.600 Giacomo Balzarini, CEO of PSP Swiss Property. 00:00:34.600 -- 00:00:37.261 Please go ahead, sir. 00:00:37.443 -- 00:00:42.608 Thank you, Maria, and good morning to everybody to our first quarter results report 00:00:42.608 -- 00:00:44.688 of 2024. 00:00:45.450 -- 00:00:50.936 As always, I will do a quick rundown on the major highlights in order to have 00:00:50.936 -- 00:00:53.438 plenty of time for the questions. 00:00:53.438 -- 00:00:58.537 As you have seen, in our view, we have achieved very solid operating results. 00:00:58.537 -- 00:01:00.599 in the first quarter. 00:01:00.599 -- 00:01:05.844 I will not enter into the market discussion as we have talked about it almost 00:01:05.844 -- 00:01:11.110 end of February and since then the market really didn't change so much. 00:01:11.110 -- 00:01:16.575 We are confronted with a very solid CBD market and clearly observe the bifurcation 00:01:16.575 -- 00:01:20.139 between CBD and non-prime. 00:01:20.139 -- 00:01:26.212 If ...