Wihlborgs Fastigheter AB (publ) (WIHL) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to the presentations of Billboards Q1 2025. A world with new conditions almost every day. Virgins. Things have to be done. Keyword since many years is handlingskraft. Best translated to. We continue to act where we find possibilities and we are prepared for new actions whenever the time is right. During 2024, we had record high volume of new leases, and that strong trend has continued during 2020. High quality, good locations in the region, with new leases and cash flows also ahead. And strong cash flow gives opportunities for action. The action continues. Let's go to our report and the summary of Q&A. Rental income, 1 billion 45 million. Income for property management, 9% to 400 million. Net letting positive with 35 million. Good activity. Debt to EBITDA at 10 times. Agreed and acquisition of 2.4 billion from Granitor, completed in the 1st of April. Good quality and good location continues to be attractive. And we continue with our project investments with good results. The results for the period, small increase of rental income to 1 billion 45 million. But let's remember that the comparison period 2024 had one offs over 20 million. The operating surplus increased to 731 million and income from property management, as mentioned, increased by 9% to 463 million. The result for the period amounts to 431 million, corresponding to 1.4 share and EPRA. 3,295.08 krona per share adjusted for paid dividends. A comparison of the rental income Q124 and Q125. Indexation gives 10 million. Termination fees minus 21 million. Acquisition plus 3 million. Currency effect minus 1 million. Additional 7 and completed projects, new leases and re-negotiations. plus 7 million. Q124 was a record level on new leases. And I then got questions if we and the market could keep that volume...