KMC Properties ASA (LTS:0N0L)

kr 0.046 0 (0%) Market Cap: 17.92 Mil Enterprise Value: 3.72 Bil PE Ratio: 0 PB Ratio: 0.01 GF Score: 0/100

Q4 2023 Kmc Properties ASA Earnings Call Transcript

Feb 22, 2024 / 09:00AM GMT

Release Date Price: kr0.018204

Transcript

Liv Malvik

Kmc Properties ASA - Chief Executive Officer

Welcome to our fourth-quarter and full-year presentation. My name is Liv Malvik, and I'm the CEO of KMC Properties. With me today, I have our CFO, Kristoffer Holmen, who will take you through the financials.

2023 has been a truly transformative year for KMC Properties, and we believe we have created a solid platform for continued long-term growth. I will come back to that. But first, let me take you through some of the highlights from the fourth quarter.

In the fourth quarter 2023, we completed the acquisition of two properties for a total transaction value of NOK209 million. We raised new equity and brought on board the new Nordic strategic investor, Nordika. And we sold off one low-WAULT Swedish property at book value.

Our yield ended at 7.3%. Our contractual lengths or WAULT remained high at 11.4 years and the vacancy rate low at 1.8%. We have a loan-to-value of 55.9% (sic - see slide 2, ""55.6%") and completed the last part of the large debt refinancing with a listing of NOK900 million bonds in December.

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