Swedish Logistic Property AB (SLP_B) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hi and warm welcome to the presentation of SLP's year and end report for 2025. My name is Philip Persson and I'm the CEO of the company and with me I have our board member Tommy Ostrand who is acting CFO during Matilda's parental leave. For today's presentation we have an agenda and we will start with highlights from the period then go deeper into our property portfolio And then Tommy will present the financial development before a short summary. If we look at highlights from the period, we can conclude that we have a strong quarter behind us and that the year of 2025 was another fantastic year for SLP. We are once again demonstrating the strength of our business model and are very pleased with the development of the company. We continue to work according to our strategy and deliver results day by day in all areas. This is reflected in growing net operating income, a continued high surplus ratio and a continued low central administration cost despite a much larger portfolio and low margin on our loans. Our refinement work or development work, which goes hand in hand with our sustainability work, yields results through a large proportion of certified properties and as much as 95% sustainable financing. All this despite the tough macro environment that we have been in recent years with pandemic, recession, and also your political uncertainty. In terms of acquisitions 2025 was a record year for us with the completion of 16 logistic properties in the right location with good development opportunities and the total property value of these properties were 4.1 billion SEK. The annual rent value for these properties is 291 million SEK which means that we have significantly increased our earnings capacity during the year. Our rental income increased by 43%, which is of course...