)

Pioneer Property Group (PPG) investor relations material
Pioneer Property Group H1 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Contractual rental income rose to MNOK 76.5 in 1H 2025 from MNOK 49.2 in 1H 2024, driven by the Norlandia Holding acquisition in Q4 2024.
Operating profit (EBIT) increased to MNOK 56.8 from MNOK 44.1 year-over-year.
Preference shareholders received NOK 5.00 per share in dividends for the period.
The hotel segment continued strong post-pandemic performance, with significant rental income growth.
Higher interest rates increased finance costs, but a policy rate cut in June 2025 is expected to reduce costs in 2H 2025.
Financial highlights
Net profit for 1H 2025 was MNOK 14.2, down from MNOK 17.5 in 1H 2024, as higher interest costs offset rental income gains.
Total assets at period end were MNOK 3,040.7, with investment property at MNOK 2,299.5 and cash at MNOK 79.3.
Total equity stood at MNOK 1,218.3, and total borrowings at MNOK 1,715.5.
Net finance expense increased to MNOK 35.9 from MNOK 28.4 year-over-year.
Weighted average gross yield for the property portfolio was 7.4% in 1H 2025, up from 6.8% in 1H 2024.
Outlook and guidance
The hotel segment is expected to remain strong throughout 2025, supported by the Norlandia acquisition.
Interest costs are anticipated to decrease in 2H 2025 following the policy rate reduction.
The new parking lot at Gardermoen is projected to increase lease income to MNOK 4.0 in 2026.
Next Pioneer Property Group earnings date

Next Pioneer Property Group earnings date

The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
)
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage