Q3 2025 Wihlborgs Fastigheter AB Earnings Call Transcript
Key Points
- Rental income increased by 6% in the third quarter, reaching a new record.
- Net letting remained positive, with a total of EUR 6 million for the quarter and EUR 65 million for the period.
- Income from property management rose by 12% to 1,482 million for the first nine months.
- The company has good access to financing, with a diverse mix of bank loans, mortgage systems, and bonds.
- Customer satisfaction remains high, with a loyalty score of 82 and satisfaction with personal service at 88%.
- Higher vacancy rates compared to the previous year, although slight improvements have been noted.
- The new property tax has increased costs, impacting the operating surplus by EUR 20 million for the first three quarters.
- Currency effects negatively impacted rental income by EUR 21 million.
- Occupancy rates are flat, with some areas experiencing higher vacancy due to tenant movements.
- The ability to pass on the full increase in property tax to tenants is limited, affecting net operating income.
In the main conference.
Welcome to the presentation of EO's nine month report 2025.
There's an old saying, when you think you can see the light at the end of the tunnel, beware, it could be an oncoming train.
We never know what will happen ahead, and we try to be prepared for whatever we can think of, but let us be clear, we see some glimmer here and there.
Maybe not the full ray of light yet, but light glitters in the horizon.
It is a very busy report week for all of you, so I will TRY to be short and precise. That means standard procedure about the last results of our continued growth and some new records, but also some figures regarding loyalty among our customers, how we can calculate retention rates, and not at least our view on future occupancy.
We start with a summary of the quarter July to September, rental income up 6%, a new record at 11 million.com from property management plus 11%, net letting positive at EUR6 million, net EBIT to ETA at 10.3 times, good access to
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