Rec PTP -2% vs ABGSCe
Total income amounted to SEK 621m (-1% vs ABGSCe), NOI 449m (+2% vs ABGSCe) with a very strong NOI margin which expanded by 2.9 pp y-o-y to 72.3% (+2.4 pp vs ABGSCe). IFPM / Recurring PTP was hurt by higher net financial expenses (-SEK 206m vs ABGSce at -SEK 197m) and amounted to SEK 220m (-2% vs ABGSCe). From an operational point of view, Diös delivered net letting of SEK 0m in the quarter, a like-for-like rental income growth of 10.0% (10.6% in Q2) and the occupancy rate amounted to 92% (flat q-o-q). All in all, a report with NOI slightly above estimates (+2%) and rec PTP slightly below estimates (-2%) explained by a strong NOI margin and higher net financial expenses.