Eastnine AB (OSTO:EAST)
kr 47.2 -0.275 (-0.58%) Market Cap: 4.20 Bil Enterprise Value: 6.83 Bil PE Ratio: 58.63 PB Ratio: 0.93 GF Score: 39/100
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Q3 2024 Eastnine AB (publ) Earnings Call Transcript

Oct 24, 2024 / 01:00PM GMT
Release Date Price: kr46.3 (+1.20%)
Kestutis Sasnauskas;publ;Chief Executive Officer
Eastnine AB

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Hello and very warm welcome to our nine month presentation. My name is Kestutis Sauca and I'm CEO of East Nine with me. I have Marie Nan Deputy CEO and co of the company.

I'm very happy to present this quarter which is exceptionally strong for us. We continue growing. Our rental revenues are up 18%. Our profit from property management are up is up 21%. So very very strong quarter including net letting which is up with a positive figure, occupancy ratio increases by 0.8 points and surplus ratio is unchanged which means that our operations are continuously running in a very efficient manner.

October was also a very positive month for us. We received five stars in grasp rating with 92 points.

We also signed two big leases which have an annual revenue of around EUR750,000 so this is actually even higher than twice the size that we reached so far during the first nine months of the year. If we go to the nine month results, rental income is up 7% of course, mainly driven by the last

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