Stendörren Fastigheter AB (publ) (STEF_B) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you very much. And before we go into talking about the quarter specifically, I thought and a little bit about Stendörren in general and what makes Stendörren interesting from an investment perspective. But we are a listed real estate company, operating within the logistics industry. We have properties for about 14.5 billion. We are in a high-discount segment, with a discount on our properties of over 6% with long contracts. We have a rental duration remaining of over four years. which gives us a stability, but we are also a growth company and it follows from the fact that we have almost all of our stock in Mälardalen, even almost a third of Stockholm city where there is a strong rental growth. Men vi har också en tillväxt genom att vi utvecklar en byggrättsportfölj som vi har som är väldigt stor i förhållande till vår uthyrbara yta. Vi har ungefär 630 000 kvadratmeter byggrätter att jämföra med uthyrbar yta på 862 000 kvadratmeter, vilket de här två faktorerna ger en tillväxtpotential som vi tar tillvara. Vi har funnits för ungefär tio år. Stendorn har alltid varit ett tillväxtbolag de första fem åren, nästan uteslutande förvärvsdriven. Jag kom in för ungefär fem år sedan och har... Since then, it has continued on the growth track, both acquisitions and some new markets to get more markets to work on. Sometimes the Stockholm market or Mälardalen is very competitive and then it is good to have other alternatives to grow on. But above all, we have managed to get a twist on our construction portfolio, or the development of our construction portfolio, and that adds to further growth. Over the past 12 months, we have completed about 19,000 square metres and have ongoing projects of about 40,000 square metres with the potential of 55 million. What makes Stendörren in...