Feb 14, 2024 / 08:00AM GMT
Operator
This call is being recorded. Welcome to the Castellum Q4 report 2023. (Operator Instructions) Now I will hand the conference over to CEO, Joacim Sjöberg; and CFO, Jens Andersson. Please go ahead.
Joacim Sjöberg - Castellum AB - CEO
Good morning, everyone, and welcome to the Q4 and full year 2023 representation from Castellum. I will start by saying that our core business continues to deliver stable results for which we are both proud and happy. Our total income increases by 9.8%, mainly due to indexations and completed projects. More on that later. The income from property management decrease is mainly due to higher interest costs of course, while the NOI increases by a 12.5%. Financial costs increases by approximately 42%.
And in addition, the central administration and the results from Amtrak negatively affect our results. In total, we have had changes in the property values over the year of minus 9.5%. That corresponds to the amount SEK14.5 billion. Those changes are for the last quarter at SEK6.3 billion. The average yield
Q4 2023 Castellum AB Earnings Call Transcript
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