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Half Year 2023 Castellum AB Earnings Call Transcript
Welcome to Castellum Q2 Report 2023. (Operator Instructions)
Now, I will hand the conference over to CEO, Joacim Sjoberg and CFO, Jens Andersson. Please go ahead.
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Good morning, everyone. This is Joacim Sjoberg. I'm here together with the CFO of Castellum, Jens Andersson. Happy to have you all here to listen to our Q2 report. And starting off with the first interesting figure, is that we increased the rental income by a total of 12.6%, mainly due to indexations in the rental agreements, but also due to long and positive trend of net leasing and successful renegotiations and also some completed projects that have been worked on for several years, we'll come back to that later.
The net operating income increased by 10.5% mainly due to indexations and the income from property management decrease is mainly due to higher interest rates and property costs. Of the total increase in costs, financial costs stands for some 60% and property costs about
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