Q4 2023 Fastighets AB Balder Earnings Call Transcript

Feb 09, 2024 / 07:45AM GMT
Ewa Wassberg - Fastighets AB Balder - Chief Financial Officer

Good morning, and welcome to Balder's presentation for the year-end report. Presenting today is me, Ewa Wassberg, CFO; and Erik Selin, CEO of Balder. After the presentation, we will have a Q&A session.

And on that note, I hand over to you, Erik.

Erik Selin - Fastighets AB Balder - Chief Executive Officer

Thank you, Ewa, and welcome to Balder year-end figures. The picture is we have a real estate value at the -- stands at SEK212 billion, 96% occupancy. The equity ratio is -- or the leverage ratio -- net debt is 50%.

And we continue to have a high liquidity of almost SEK18 billion. And NAV at year-end stands at SEK85.1 per share. Over the long time, we had a good increase in NAV at 28%, if you look back in time over the longer period. And we have primarily Nordic exposure; roughly half residential and half commercial properties.

Looking at Q4, specifically, compared to last year, the rental income increased 10% as well as the operating income. Profit from property

Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot