Balder had good 1Q numbers, with stable rental growth and occupancy remaining high. The exposure to the Finnish residential market and the relatively large exposure to Offices is something to watch, but management remains quite optimistic on the outlook for these two segments, expecting an improvement in 2H25. Overall, management sounded more positive than peers on the near-term outlook for Nordic real estate. Office occupancy continued to decline, but the company is not overly concerned about u...
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