Swedish Logistic Property AB (SLP_B) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

A warm welcome to the presentation of SLP's results for the first half of 2026. My name is Philip Persson and I'm the CEO of SLP. Joining me is our acting CFO and board member Tommy Åstrand. We have an agenda for today's presentation and we'll begin with the highlights followed by an overview of the property portfolio and then the financial performance presented by Tommy before a concluding summary. Looking at the period in brief, we can confirm that we continue to deliver strong results and once again demonstrate the effectiveness of our business model. We continue to execute our strategy and deliver results across all areas. We are acquiring attractive properties, increasing net operating income, maintaining a high surplus ratio, succeeding in our leasing efforts and securing favorable credit margins, thereby continuing to create value for our shareholders. Rental income increased by 24%, while partly driven by property acquisitions. This growth also reflects our day-to-day development projects, through which we continuously create more attractive logistic properties and also generate higher net operating income. Profit from property management increased by 29%, meaning we successfully retained a significant portion of the rental growth, a clear evidence of our operational efficiency and strong relationships with our banks. During the period we achieved exceptionally strong net leasing of approximately 34 million crowns having signed several major lease agreements totaling approximately 95 000 square meters. This clearly indicates strong demand for our strategically located logistic properties and demonstrates that our active management approach is yielding clear results. During the period we completed the acquisition of three properties with a combined value of ap...