Q2 2025 Intea Fastigheter AB (publ) Earnings Call Transcript
Key Points
- Intea Fastigheter AB (publ) (OSTO:INTEA B) reported a strong second quarter with a stable business model focused on long-term public sector tenants.
- The company successfully raised over SEK1 billion in new capital through a direct share issue.
- Intea expanded its asset portfolio by acquiring security properties from Specialfastigheter, including seven prisons and 46 institutions.
- The company added nearly SEK6.5 billion in new projects during the quarter, with an annual rental value of approximately SEK480 million.
- The average lease term with public sector tenants increased to 8.1 years, reflecting strong tenant relationships.
- The company faced a negative impact from changes in value from interest rates, amounting to SEK286 million.
- A write-down of SEK70 million was taken on the company's hydropower plants.
- The interest rate increased to 2.95% at the end of the period, primarily due to a high share of interest hedging.
- The company's debt portfolio stands at SEK12.2 billion, which includes a mix of bank loans, bonds, and commercial papers.
- Despite strong performance, the company operates in a market marked by uncertainty and rapid changes.
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Welcome to the presentation of Intea's interim report for Q2 2025. My name is Charlotta Wallman Horlin, and I'm the CEO, of Intea. Joining me today is our CFO Magnus Ekstrom.
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Good morning.
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Together we will present the Q2 report. While the world around us continues to be marked by uncertainty and rapid change, many interesting things are happening within our business.
We are reporting a strong second quarter. It is clear that our stable business model, with a focus on long-term public sector tenants, provides us with a solid foundation, even in challenging times.
The activity within, in particular, the judicial sector remains high, and we see many business opportunities in this area. In May,
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