Q2 2019 Fabege AB Earnings Call Transcript
Ladies and gentlemen, welcome to the Fabege Q2 Report 2019. Today, I am pleased to present CEO, Christian Hermelin; and CFO, Ãsa Bergström. (Operator Instructions)
I will now hand you over to Christian. Please begin.
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Thank you. Christian speaking. Welcome to Fabege's presentation for the second quarter 2019.
Please turn to Page 2. The low level of interest rate has for many years helped to drive the strong earnings performance of the property sector. This has led to both fall in capital cost and rise in property prices. Over the second half of 2018, there was a growing conviction that interest rate will turn upward. However, between the first and second quarters 2019, forecasts have swung sharply the other way as you can see from the graph. This swing has not yet shown through our -- in our values. But the stock market has noted this change, which is clear from the strong upturn in the property sector over the past month.
Please
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