Q1 2025 Dios Fastigheter AB Earnings Call Transcript
Key Points
- Dios Fastigheter AB (FRA:D1F) reported a 10% growth in income from property management for the first quarter.
- The company has a strong cash flow with a secured loan to value ratio of 41% and SEK2 billion in unused credit facilities.
- Net letting has been positive in 23 of the last 25 quarters, indicating strong demand for their properties.
- The acquisition of properties in UMO for SEK1.6 billion aligns with their growth strategy and is expected to increase management result per share by approximately 4%.
- The company has a well-diversified portfolio with 33% of rental income derived from public sector tenants, providing a stable foundation.
- The economic occupancy rate decreased to 90% from 92% last year due to divestment and new construction.
- There is an increase in vacancies due to asset rotation and completion of new developments, temporarily raising vacancy rates.
- The bond market has been more volatile recently, with rising margins impacting financing costs.
- High CPI and subsequent rent adjustments have impacted tenants' profitability.
- The average lease maturity for newly acquired properties is relatively short at 2.3 years, which may pose a risk if not extended.
Good morning, everyone and welcome to today's Dios interim report for January to March 2025. My name is Seb, and I'll be the operator for your call today. If you would like to ask a question during the Q&A session, (Operator instruction). I will now hand the floor to Johan Dernmar to begin. Please go ahead.
Good morning and welcome to this Q1 presentation of the year's results for the first quarter 2025. My name is Johan Dermer. I'm the Chief Investor relations officer. I'm joined today by CEO David Carlsson and CFO Rolf Larsson. Today, we will begin with a brief summary of our performance, followed by a detailed update on the results. That will provide a market update and also discuss the recent transaction in Nio. Finally, we open up the floor for a Q&A session. Thank you for your engagement. I now hand over to David.
Thank you, Johan. To give a short introduction of the development in the
| 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
