Genova Property Group AB (publ)

The joy is that the second quarter for Genova has gone very well. We continue to increase the administrative results per share, driven by a strong net of operations. And what feels very positive when we look forward, is that we see that rental revenues in the existing stock will increase in the form of both remittances and renewals in combination with a larger acquisition, which will be approved during both the third and fourth quarter. And that is positive for the business and something we are really looking forward to. It has been a great quarter in the administration. We continue to increase our rental revenues and our net profit. The work and the clear trend we have seen during the first half of the year with increased attractiveness around our premises has resulted in the fact that we have put both a number of negotiations and renewals for nearly 40 million in rental value. which will strengthen our cash flow and strengthen our level of export. And that is something that we have felt and that we are now happy to have been able to get in place. So we see clear signs that we will have increased revenues from the third to the fourth quarter. City development and project development is an important complement to our administrative business and an important way for us to create value. The joy is that we continue to work, we see that we are moving forward and that type of business will drive both profit and liquidity. Today we have a understated and implicit overvalue in that portfolio of almost 1.4 billion SEK, which is not reflected in our balance sheet. It corresponds to about 30 SEK per share, and that is a big buffer and opportunity for us to create value and liquidity in the coming years. The joy is that during this first half year, we have secured further finished building rights, including in Lund and also close to Uppsala, which is positive. This will continue to generate revenue and liquidity here during both 2026 and 2027. The work with optimizing the capital structure and working actively to get the financing costs is a priority issue that we are constantly working with. The joy is that we have continued to reduce our hybrid obligations. We have also been active in the obligation market and issued new and repaid to better and more favorable conditions. And we note that we see a strong and stable financing market where the trust for Genova is very clear and happy. So we will continue to work with that, we will continue to buy back shares in order to continue to create value for our shareholders. Genova is so strong. Even though we have a challenging macro-environment with a bit of turbulence around market rates, what is happening in the market overall, I think we see great opportunities to continue to expand our business. We will continue to drive to increase the management results per share. We will increase our revenues. We see clear trends and clear trends in how we have worked this quarter to strengthen it and we will continue to grow, which is a joy. It is in combination with the fact that we see a strong transaction market still in the real estate market, which allows us to actually realize within our development business, which is also positive. We see that there is good access to capital and financing within the loan market, both in the bank and in the capital market. And that combined makes it possible for Genova to develop in this environment despite the current turbulence. So we look forward to an exciting half-year and will continue to work to create value for our shareholders.