Q2 2023 Fastighets AB Balder Earnings Call Transcript

Jul 18, 2023 / 06:45AM GMT
Operator

Welcome to the Balder Q2 Report 2023. (Operator Instructions). Now I will hand the conference over to the speakers CEO, Erik Selin, and CFO, Ewa Wassberg. Please go ahead.

Ewa Wassberg - Fastighets AB Balder(publ)-CFO

Good morning, and welcome to Balder's presentation for the second quarter. Presenting is me, Ewa Wassberg, CFO; and Erik Selin, CEO at Balder.

After the presentation, we will have a Q&A session.

Erik Selin - Fastighets AB Balder(publ)-CEO&Director

Yes. Hi, everybody. Balder, the big picture is that we have a property value of SEK 222 billion, a 96% occupancy rate, been stable around there for many years. We have a mix between commercial and resi. And on the commercial side, the biggest leases are on average 11 year long.

Net debt, 49%. Interest cover, 3.6%. We have SEK 20 billion in liquidity, and NAV stands at SEK 91 per share.

Moving over and looking at Q2, we had a rental income

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