Wallenstam AB (publ)

Welcome to this conference call for the fourth quarter 2024. My name is Susanne Linde, CFO and Head of Investor Relations here at Valent Damm. I would like to start by summarizing the year 2024. We have invested a total of 2.1 billion in our new and reconstruction projects. We have started construction of 577 apartments and completed 354 apartments, all of which are fully occupied. We have also signed new leases for approximately 25,000 square meters of new commercial spaces.

But what have happened during this fourth quarter then?

We told you last conference call that we have signed an agreement for the acquisition of the Sergelskrapan. We signed it in October. It's in Stockholm and it's from AMF for 2.8 billion. And just before Christmas, as you can see here on the Christmas tree on the picture, we have also signed an agreement for the sale of four commercial properties three in Gorda and one in Huksbo, to PG Passion and SAF Hjallet, for a total of 1.25 billion. Both transactions have been completed as of today. We believe that long-term interest rates will rise, which is why we choose to hedge the interest rate further using interest rate derivatives. when we thought it was a favorable time in mid-December. I will come back to this later. We have also took the opportunity to repurchase an additional 1.2 million shares, which means that we now have 5 million shares in our own custody.