Q3 2025 Logistea AB Earnings Call Transcript
Key Points
- Logistea AB (FRA:1OL1) reported record high income, net operating income, and profit from property management, with a 139% increase in real terms.
- The company achieved a high occupancy rate of 97% and a weighted average lease term (wault) of 9.4 years.
- Cash flow from operations increased by 65%, and the operating margin reached 92%.
- Logistea AB (FRA:1OL1) has a strong pipeline for acquisitions and sees good opportunities in the Nordic market.
- The company improved its loan portfolio, reducing the average interest rate from 5.0% to 4.6%.
- The quarter was relatively quiet in terms of new acquisitions, with seasonal effects impacting transaction activity.
- There were two smaller tenant terminations during the quarter, with tenants leaving in 2026 and 2028.
- The like-for-like rental income growth was relatively low due to previous bankruptcies and vacant areas.
- The average interest rate of 4.6% does not fully reflect the lower Nibor in Q3.
- The company faces currency risks, with negative effects from SEK/NOK currency fluctuations impacting financial results.
Welcome to Logistea Q3 earnings call for 2025. (Operator Instructions) Now I will hand the conference over to CEO, Niklas Zuckerman; and CFO, Philip Lofgren. Please go ahead.
Good morning, everyone, and welcome to the presentation of Logistea's Q3 report. As always, myself, Niklas Zuckerman, and next to me, Philip Lofgren. We will present and we will be happy to take any questions after the presentation.
Even though we've had a fairly quiet quarter when it comes to new acquisitions, we have during the year been active and we have expanded the portfolio to SEK15.6 billion, as always, and since we started the company a couple of years ago, full focus on logistics, warehouse, and light industrial properties. We favor long leases, triple net leases, and the occupancy currently stands at 97% and the wault at 9.4 years. Growth during the year has been in the Nordics, and currently 91% of the properties when it comes to value are located in the Nordics.
We're once again reporting record high
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