Jul 16, 2024 / 06:45AM GMT
Jonas Ericson - Fastighets AB Balder - Investor Relations and Corporate Development
Morning, everyone. Welcome to Balder's [conference] for the second quarter. And yeah, it will first take us through some slides as per usual about the developments in the quarter. And then I will go through some financing, and we will also talk some longer-term picture for asset liability management side. Erik I'll let you start.
Erik Selin - Fastighets AB Balder - Chief Executive Officer, Director
Thanks, Jonas Ericson. Welcome everybody. Today we have our Q2 results.
Looking at by Balder on a high level, we have SEK215 billion in property value, 96% occupancy. We are, as you know, a Nordic company with Nordic exposure, both in residential and commercial properties. And looking specifically at Q2, we had a rental income increase of 8% and even the NOI is increasing 8% compared to the same quarter last year.
Profit from property management decreased a bit. That is, of course, due to higher interest rates cost and looking at net debt to assets, it's now 49.8%.
Q2 2024 Fastighets AB Balder Earnings Call Transcript
Jul 16, 2024
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
Trustpilot
Survey
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
Follow Us
Disclaimers