Prisma Properties AB (publ)

Thank you and welcome all to our Q3 presentation where me and Martin will provide an overview of our financial performance and key developments this quarter. In Q3 we saw a strong rental growth with a 16% increase year-over-year. Our net operating income was 88 million up from 75. This growth was mainly driven by acquisitions, completed projects and CPI adjusted leases. Currently we have 124 properties with a valuation of 6.6 billion SEK. We've added one property this quarter and this is Vännersborg where we are planning to start the construction of a new Rusta store in Q4. Worth mentioning this quarter is that continuing our tenants and the whole discount segments are performing very well and all the leading discount retailers continue to show high interest in establishing new stores on new markets and also existing markets. This quarter, we achieved an adjusted profit from property management of 46 million compared to 29 million previous year. We have also signed our first of many acquisitions as a listed company and well-performing retail center in Gothenburg that has potential for future development. This deal has been signed, and we are expected to close the deal in the 22nd of November. Furthermore, we have signed several long lease agreements, strengthening our position in both in Sweden and Denmark, which have resulted in a net letting of 12 million this quarter. These lettings help us to maintain our occupancy rate of 99%, and we are pleased to sustain a vault of 9.1 years. When it comes to the organization, our property management organization is now fully operational, allowing us to manage our assets more efficiently for the future. And the current management agreement with P&E Property Partner terminates by the end of the year. So during Q3 now and Q4, we have double costs for property management.

And this has been accounted for in the central administration. Next slide.

We can see that we continue to grow with the leading discount retailers. We have done some changes when it comes to the income split. We have included now the income from fast charging into the fast food segment. And this is a normal thing due to that the fast food and charging goes hand in hand when developing these projects. One of the most important lettings that were done in this quarter is that we have signed a 10-year lease with Dollar Store in Växjö, who will now take over the previous XXL store, who vacated the end of September this year. And Dollar Store will move in in March 2025. So with this letting and some smaller renegotiations, we only have 1% of our contracts expiring now until the end of 2026. This gives us the ability now to focus only on growth and identify new projects and new acquisitions together with the tenants and municipalities around Sweden and Denmark.