Q4 2025 Fastighets AB Balder Earnings Call Transcript
Key Points
- Fastighets AB Balder (BALDF) reported a high occupancy rate of 95%, indicating strong demand for their properties.
- The company has a robust liquidity position with 24 billion SEK available, providing financial flexibility.
- Rental income and net operating income (NOI) increased by 4% in Q4, showcasing growth in core operations.
- The portfolio is well-diversified with a 54% residential and 46% commercial split, reducing risk exposure.
- The company has maintained a stable interest rate of 2.9%, which helps manage financing costs effectively.
- Profit from property management decreased by 7%, primarily due to the proposed distribution of Norion shares as a dividend.
- Net asset value (NAV) per share decreased by 4 SEK, reflecting the impact of the Norion distribution.
- The debt-to-assets ratio is relatively high at 48.1%, which could pose risks if market conditions worsen.
- The Finnish residential market faces challenges with oversupply, impacting occupancy and rent levels.
- The company's net debt to EBITDA ratio is at 12x, above their long-term target of 11x, indicating high leverage.
Welcome to Boulder Q4 Report 2025. For the first part of the conference call, the participants will be in listen-only mode. During the questions and answer session, participants are able to ask questions by dialing 5 on their telephone keypad. Now I will hand the conference over to IR Jonas Eriksson. Please go ahead.
Morning everyone. Welcome to this, con call, for Valde's Q4 and full year results, 2025. With me in the room, I have Eris Lin, CEO, and Eva Vasper, CFO, and we will run through some slides, as usual and then open up for questions.
Hi, Ericelly here. If we look at Balder at a glance, by year end, we have a portfolio value of 229 billion, and the composition is 54% resi and 46%, commercial.
Occupancy rate at 95%.
We have a good liquidity 24 billion. Debt to assets 41.8, 48.1%, and NAV is 94 in this quarter.
Looking at
| 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... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
