Fabege AB (publ) (FBGGF) Q3 2025 Earnings Call Transcript

Operator

Welcome to Fabege Q3 2025 Report Presentation. [Operator Instructions] Now I will hand the conference over to the speakers. Please go ahead.

Stefan Dahlbo
President & CEO

Good morning, and welcome to our presentation of the third quarter. As usual, it will be — afterwards, there will be an opportunity to ask questions. To summarize the third quarter, I would say it was a stable quarter. We had increased rental income. We had increased net operating income, and we had increased profit from the property management and the net letting was positive with about SEK 9 million.

So in a stable quarter. After the summer, we have seen some signs of improvements, inquiries are increasing and there have been more viewings. So it’s more activity. That’s small, but maybe clear signals that we slowly but surely hopefully, will be starting to be more active — there will be more activity in the market. And especially, this is true in the Stockholm city. So Asa, please give us a review of our numbers.

Åsa Bergström
Executive VP, CFO & Company Secretary

Thanks, Stefan. Please turn to Page 4. Rental income for the period amounted to SEK 2.5 billion, just above the same period last year. On a like-for-like basis, income decreased by SEK 74 million, equivalent to minus 3.2%, which was mainly related to relocations due to the previous year’s negative net lettings.

The sale of the property Ynglingen meant a decrease of SEK 25 million. Meanwhile, income increased by SEK