Wihlborgs Fastigheter AB (publ) (WIHL) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Another year comes to an end, and we can conclude that despite limited support from the economic climate and with the rental market that has remained a bit slow and cautious, we have once again delivered growth across almost all key metrics. Vacancy has also increased slightly, but we have higher rental values, higher rental income, higher operating surplus, higher income for property management, and property values have all strengthened once again. This marks 20 consecutive years of growth, a track record we are fully committed to continuing. And I claim that our region has never been more positively perceived than it is today, which makes me generally excited about the years to come. Let's go to our report. We start with a summary of the last quarter, October to December. Rental income up 5%, a new record at 1,111,000,000. Income for property management plus 23%. And excluding revaluation from joint venture plus 8%. Net letting positive at 12 million. Net debt to EBITDA at 10.4 times. We have good access to financing. And as I said many times before, but this still stands. Demands remains for good quality and good locations. And our tenants are willing to pay for that. And we are proud to be able to continue with our project investment that gives continued good potential for growth. The board proposes a dividend of 3.30 krona per share. Looking at the full year 25, rental income up to 4,354,000,000 plus 4%. The operating surplus increased also with 4% to 3,107,000,000 and income from property management increased by 14% to 2,038,000,000 or 11% excluding joint venture revelations. The result for the period amounts to 2,220,000,000, corresponding to 7.22 krona per share, and EFRA NRV has increased by 10% to 99.36 krona per share, adjusted for paid dividend. A compari...