Neobo Fastigheter AB (OSTO:NEOBO)
kr 21.46 -0.14 (-0.65%) Market Cap: 3.12 Bil Enterprise Value: 10.14 Bil PE Ratio: 0 PB Ratio: 0.50 GF Score: 22/100
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Q2 2023 Neobo Fastigheter AB (publ) Earnings Call Transcript

Jul 12, 2023 / 07:00AM GMT
Release Date Price: kr11.26 (+4.84%)
Ylva Sarby Westman Neobo Fastigheter AB;publ;CEO

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Good morning, everyone, and welcome to the presentation of Neobo's Q2 2023 report. My name Ylva Sarby Westman, and with me here today I have our CFO Maria Strandberg and Head of IR Johan Bergman. Our vision is to create attractive and sustainable living environments where people can thrive and feel secure. And I feel confident that Neobo with this vision as a starting point, have good opportunities to create value for both tenants and shareholders.

And in this picture, you can see one of our properties in [zones well], operations have continued to develop in a positive direction and in the like-for-like portfolio, net operating income increased by 6.9% due to both increased rental income and reduced property costs. Profit from property management decreased to SEK75 million as a result of higher financial expenses during the period. The change in value of properties amounted minus 3.6% as a consequence of higher yield requirements in the market.

Neobo is a residential focused company with a property value slightly

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