Yit Oyj Q1 2020 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Anssi Kiviniemi - SEB, Research Division - Analyst : It's Anssi from SEB. First of all, you highlighted the demand situation on the consumer side and the expectations perhaps on that side. But has the investor demand changed? And do you see some kind of structural changes in the industry, meaning funds and institutional investors that are looking at real estate? So how are you seeing that side of the business? I will take my questions one by one, if that's okay.

Question: Anssi Kiviniemi - SEB, Research Division - Analyst : Great. Then that's a good bridge to my second question. The financing environment, how are the banks reacting to this situation? Meaning, housing development and larger projects. Has there been a clear move from them to the safe side? Or how should we read the situation?

Question: Anssi Kiviniemi - SEB, Research Division - Analyst : Okay. And then follow-up, the kind of -- what are the KPIs that the banks are now scrutinizing?

Question: Anssi Kiviniemi - SEB, Research Division - Analyst : Okay. Then second or third or whatever question. Housing start-ups, you froze them in March. Now they are still -- you have ramped them up. Kind of what is the lever? Is it business as usual right now for you? Or are you being more cautious? And we should expect that the housing starts will continue to be quite low?

Question: Anssi Kiviniemi - SEB, Research Division - Analyst : And could you remind us, please, what is the share of capital region start-ups currently?

Question: Anssi Kiviniemi - SEB, Research Division - Analyst : Okay. Then now that you have had time to digest the coronavirus and you have reacted to it and its potential impacts, has the situation changed your view? How do you look at the large partnership projects?

Question: Anssi Kiviniemi - SEB, Research Division - Analyst : Okay. That's good. One specific project-related question. There has been article -- articles around Trigoni project in Pasila. So what is the status of it then? Could you elaborate a bit on how you see that process developing?

Question: Anssi Kiviniemi - SEB, Research Division - Analyst : Okay. That's pretty clear. Then my last question is on Partnership Properties. Kind of roughly, what was the impact of a tower in the profits in Q1 in order to get a better feeling of what is the underlying recurring rental income from Tripla and other businesses?

Question: Svante Krokfors - Nordea Markets, Research Division - Analyst : I have a couple of left after Anssi. This might be repeating -- I was cut off a bit there. But regarding the investor interest -- I think you talked about investor interest among -- or in residential side, but has there been any change in the nonresidential investor interest side owing to this crisis? Is it just a question of postponing and thinking about how to get finance? Or can you elaborate on that?

Question: Svante Krokfors - Nordea Markets, Research Division - Analyst : Yes, one other question regarding -- I mean, when you withdrew the guidance for the full year, you said that you will guide for the next quarter. Do you want to give any comments numerical on Q2? And also, would you have given a more specific guidance for Q2 if it was not for the coronavirus situation? And will you give a more specific guidance in the following quarters? without the prior written consent of Thomson Reuters. 'Thomson Reuters' and the Thomson Reuters logo are registered trademarks of Thomson Reuters and its affiliated companies. APRIL 30, 2020 / 7:00AM, YTY1V.HE - Q1 2020 Yit Oyj Earnings Call

Question: Olli Koponen - Inderes Oy - Analyst : It's Olli from Inderes. I have one question left and it's regarding Tripla. Tripla Mall, what is the situation with it and its tenants? Are you seeing -- how are they handling this situation? And can you give any estimate how much you think this will affect your rental income from the shopping mall?