Fabege AB (OTCPK:FBGGF)

$ 8.2 0 (0%) Market Cap: 2.33 Bil Enterprise Value: 5.45 Bil PE Ratio: 0 PB Ratio: 0.68 GF Score: 72/100

Q4 2020 Fabege AB Earnings Call Transcript

Feb 04, 2021 / 02:30PM GMT

Release Date Price: $11.59

Transcript

Operator

Hello and welcome to the Fabege AB Q4 Report 2020. (Operator Instructions) Today, I'm pleased to present the CEO, Stefan Dahlbo; and CFO, Ãsa BergstrÃ¶m. Please go ahead with your meeting.

Stefan Dahlbo;publ;President;CEO

Fabege AB

()-&

Thanks, Ãsa. A little bit disappointing figure this year -- last year with net letting. It came in at minus SEK 45 million, but -- it looks poor, it is poor. But in reality, it's a little bit better than it looks because large termination last year were Telia, for example, Telia in Arenastaden and DLA in Bocken 39. Telia had an option in its agreement to vacate approximately 6,000 square meters, which they choose to exercise at the end of last year.

We already, during the beginning of this year, already have signed a new agreement for approximately 2/3 of the area at better rates than before. The same applies in Bocken, where we, last year, early last year, and now -- so DLA will move. And 2 -- about 2 weeks ago, we announced that we now have a new tenant. It's a

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