Swedish Logistic Property AB (SLP_B) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hi everyone and welcome to the presentation of the first nine months of 2025 for SLP. My name is Philip Persson and I'm the CEO of the company and with me I have our CFO Matilda Olsson who will later go through the financial development. We will start by looking at some highlights from the period, and then we will go deeper into our property portfolio, and Matilda will conclude by presenting the financial development. We have another strong quarter behind us, and we are very pleased with the development of the company, especially considering the tough market environment in which we have operated in the recent years with the pandemic. the troubled world and recession. We continue to deliver results day by day, and this is evident in the fact that we have a high net operating margin. We have a low central administration cost despite the portfolio having grown significantly and that we have low margins on our loans. Our development work, which goes hand-in-hand with our sustainability work,- is yielding results through a large portion of the certified properties- and a full 97% sustainable financing. Our rental income has increased by 44%. This is partly due to the creation of properties- but also the persistent work carried out within the property management. The profit from property management has increased by 50%, which shows that we managed to retain a large part of the increase in net operating income in our result. The loan-to-value ratio at the end of the period was 48.4%, which is far below our long-term risk limitation of maximum 55%. The interest coverage ratio of 3.1 times is also far from our limitation of 2.5 times. and is a result of our property management, where we constantly work to improve our net operating income, and that we have efficient internal p...