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Q3 2023 Castellum AB Earnings Call Transcript
Welcome to the presentation of Castellum Q3 report. For the first part of the conference call, (Operator Instructions)
Now I will hand the conference over to CEO, Joacim Sjoberg; and CFO, Jens Andersson. Please go ahead.
()-&
Good morning, and welcome, everybody, to this Q3 presentation. Thanks for joining us this Friday morning. We jump straight into the figures, and Jens will elaborate on the numbers further on in this presentation.
But in summary, Castellum's core business continues to deliver stable results. Our total income increases by 9.7%, mainly due to indexation and completed projects. Income from the property management decrease is mainly due to higher interest costs, while NOI increases with 10.5%. Our financial cost increases by approximately 55%.
Total changes in property values in the year so far, January to September, is 5.4%, corresponding to some SEK 8.2 billion. The average yield requirement now sums up to 5.19%
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