Q1 2025 Eastnine AB (publ) Earnings Call Transcript

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Apr 28, 2025

Apr 28, 2025 / 01:00PM GMT
Kestutis Sasnauskas Eastnine AB(publ)-Chief Executive Officer

Hello and a very warm welcome to Eastnine's first quarter presentation of 2025. My name is Kestutis Sasnauskas, and with me, I have Britt-Marie Nyman joining for this presentation.

So for you who are watching our presentation for the first time, just a very brief reminder, Eastnine is a real estate company focusing on prime offices in prime locations in the fastest part of Europe today. We have 272,000 square meters of leasable area, approximately a billion in asset value, economic occupancy of 96%, rental revenue, which is in our earnings capacity around EUR62 million, average yield 6.5%, loan to value 48%, and average interest of 4.5.

And with this, I will start going into the quarter. Before I do that, I would like to remind all of you to post questions whilst we hold the presentation so we can start with answering them straight after that.

We had a wonderful first quarter, very strong results. Our net operating income is actually growing 75%. We also have record profits from property

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