Fastighets AB Balder (LTS:0H2Z)
kr 76.26 0.2 (0.26%) Market Cap: 90.75 Bil Enterprise Value: 235.08 Bil PE Ratio: 0 PB Ratio: 1.07 GF Score: 74/100
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Q3 2020 Fastighets AB Balder Earnings Call Transcript

Nov 05, 2020 / 07:45AM GMT
Release Date Price: kr76.57 (+4.21%)
Operator

Good morning, and welcome to the interim report January to September 2020. My name is Anna. I will be your coordinator for this conference. (Operator Instructions) I will now hand you over to CEO, Erik Selin, your host for this call. Thank you.

Erik Selin;publ;CEO;Director
Fastighets AB Balder

()-&

Hi. Good morning, everybody. Thank you. We will have a short presentation of the Q3 report. And then as usual, we go over to Q&A after that. So we start right away here, Balder Q3. It was a bit calm quarter, obviously, summer and also this calmer market because of COVID. In our daily operation now COVID is not that bad as before. Rent collection is actually similar to last year this period. So right now, you can't see any differences. However, we had, of course, lower rental income from variable hotel rents and so on. But otherwise, it's surprisingly stable as we see it.

In Q3, we agreed to acquire 50% of ABN in Norway. They have a separate home page you can look at, but we are very happy for that

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