Stendörren Fastigheter AB (publ) (STEF_B) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

And while we still have this picture on the screen, I would like to comment on what we see on the right. It is a finished project during the quarter, the wind power, which is located in the southern Stockholm city, in an area called Skrubba, which we finished at 1900 square meters. And in the end, as it is often the case in light industry, in the end we rent it out. So it's a full rental to a state, municipal or municipal tenant. But we go into the presentation and I think that many of you who are with us today know us very well, but I still want to mention what I think is the most important with Stendörren. We are then in warehouse logistics, light industry, mainly in Mälardalen, even almost, or a fifth of Stockholm city. And there we have a good rental growth in Mälardalen, which is important. We also have a large building rights portfolio. We have 634,000 square meters of building rights compared to our rentable area of about 950,000 square meters. We are developing this building rights portfolio successively, which also leads to a good and profitable growth. Vi har nu ett fastighetsförstånd på 17,5 miljarder. Vi förvärvade och investerade i fastigheter för ungefär 1,4 miljarder under Q1. Even Q4 was relatively heavy investment with a lot of acquisitions, so we have increased and through acquisitions and projects we have gained quite a lot under both Q1 through this Finnish acquisition we did at 1.3 billion, but also under Q4 last year. So, high and profitable growth in the company, which we can see in the graph in the lower right corner, which shows a very nice growth in the company. But we also have a high stability in the company. We are in a high-release segment with with a drop of about 6% with long period of time. We only have one large tenant and that is th...