Q3 2025 Eastnine AB (publ) Earnings Call Transcript
Key Points
- Eastnine AB (LTS:0HEZ) reported a significant increase in rental revenue, growing by 45% in the comparable portfolio.
- Profit from property management increased by 48%, demonstrating strong financial performance.
- The company successfully extended a lease contract with a key tenant, Rockwell, expanding the leased area and securing a long-term commitment.
- Eastnine AB (LTS:0HEZ) has a high occupancy rate of 97%, indicating strong demand for its properties.
- The company is actively preparing for future acquisitions, particularly in Warsaw, which is expected to drive further growth.
- Net letting was slightly negative, indicating a minor decrease in occupancy from a high level.
- Interest expenses increased due to acquisitions, impacting the company's financials.
- The company experienced a slight decrease in occupancy by the end of September compared to June.
- Eastnine AB (LTS:0HEZ) has increased its leverage, which could pose risks if market conditions change.
- The company has not yet made any new acquisitions this quarter, which could slow growth momentum.
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Very warm welcome to his 9th's 3rd quarter presentation.
My name is Katudi Sosnauskas, and with merit Marie Niemann, deputy CEO and CFO, and today we will guide you through our 3rd quarter results of 2025.
Before I start, I urge you to post your questions during our presentation, and we will answer them right after the presentation is done.
So let's move into the third quarter. We continue experiencing tailwinds in our operations.
Our rental revenue is growing 45% in comparable portfolio, 3.1%. Profit from property management up 48%, and per share is 35%, as all of these figures depend very much on our last acquisition in Poland and.
This growth is mainly attributed to that, but we are also very happy to see strong performance in comparable portfolio as well.
We also have positive value changes in our portfolio, though slight, there's no dramatic change, mainly driven by growing market rental levels in the market which result in positive revaluation of
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