Swedish Logistic Property AB (SLP_B) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hi everyone and welcome to the presentation of the first quarter of 2026 for SLP. My name is Philip Persson and I'm the CEO of the company and with me I have our acting CFO and board member Tommy Åstrand. We have an agenda to follow for today's presentation and we'll start with highlights from the period followed by a review of the property portfolio and then Tommy will present the financial development before a closing summary. When we look at the period in brief, we can see that we have another strong quarter behind us and that we are once again demonstrating the strength of our business model. We continue to work according to our strategy and deliver results day by day in all areas. We acquire attractive properties, we increase the net operating income, we continue to have a high surplus ratio and our central administration costs remain low despite a larger portfolio. We continue to have low credit margins and we continue to create value for our shareholders, tenants and the society at large. All in all, we are very satisfied and proud of the development of the company. And all this is despite the tough macro environment that has been and continues to be, not at least with the recent escalation of the conflict in the Middle East. However, our results clearly show that the business model works even in these more difficult times. If we look at the rental income, it has increased by 26%, which is of course partly due to the acquisition of properties, but also the daily work within the property management, where we work intensively to implement improvement projects that make our properties more attractive and generate a higher rental income. Profit from property management have increased by 30%, which means that we managed to retain a large part of the rental growth i...