Wihlborgs Fastigheter AB (publ) (WIHL) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to the presentation of Vildborg's nine-month report 2025. There's an old saying, when you think you can see the light at the end of the tunnel, beware, it could be an oncoming train. We never know what will happen ahead, and we try to be prepared for whatever we can think of, but let us be clear, we see some glimmer here and there. Maybe not the full ray of light yet, but nice glitters in the horizon. It's a very busy report week for all of you, so we'll try to be short and precise. That means standard procedure about the last results of our continued growth and some new records, but also some figures regarding loyalty among our customers, how we can calculate retention rates, and not at least our view of future occupancy. We start with a summary of the quarter July to September. Rental income up 6%, a new record at 1,101,000,000. income from property management plus 11 percent, net letting positive of 6 million, net EBIT to EBITDA at 10.3 times, good access to financing and as said many times before but this still stands, demand remains for good quality in good location and we are proud to be able to continue with our project investment that gives continued good potential for growth. Looking at the whole period, first nine months, rental income up to 3,243,000,000 plus 4%. The operating surplus increased to 2,334,000,000 and income from property management increased by 12% to 1,482,000,000. The result for the period amounts to 1,370,000,000, corresponding to 4.46 krona per share. And EPRA NRV has increased by 10% to 96.23 krona per share, adjusted for paid dividend. A comparison of the rental income, first nine months, 24 and first nine months, 25. Indexation gives plus 30 million. Acquisition plus 90 million. Currency effect minus 21 million. Additional cha...