Property developer Amhult 2 was recently upgraded to a listing on Spotlight Select, something that CEO Emilie Loft sees as a seal of quality. According to her, the move can reveal hidden value in the company and help get the share on more investors’ radar.– We think we are undervalued now. The share trades at a deep discount. We want the move to show that we are long-term and that we can manage in both ups and downs, says Emilie Loft to Finwire.She also points out that the company has gotten through the recent period of high interest rates without being forced into sales.– Compared with many others, we have handled this interest rate environment well. We have not needed to sell properties, but have been able to hold out and wait for better times.Amhult 2 is the only real estate company on Spotlight Select.– That makes us a bit unique on the list, which will hopefully generate attention, says Loft.The company is developing the Amhult district in Torslanda on Hisingen in Göteborg. There, it is now in the final phase of the build-out of Amhult centrum.You have a strong local presence; what advantage does that give?– It is a major strength to operate in the area that you both manage and develop. We are on site, build relationships with tenants, and build trust as a landlord. When you are close to the business, you also spot things faster. In addition, we have fast decision-making paths in the company.It doesn’t sound like you plan to make an exit—do you?– Quite the opposite. We want to expand and contribute to long-term value creation. We have both a management arm and a development arm, with big plans ahead.The next larger project is Skogens gård, also located in Torslanda, where work is underway to produce a detailed development plan.Do you still have dividends in mind, and if so when could that become relevant?– Our policy is to distribute 50 percent of the year’s profit, but not before the last property is completed. Right now we are building number ten of eleven.Property ten is expected to be completed in summer 2027, while the eleventh has not yet been started.Do you see any risks with low geographic diversification?– If large nearby employers, such as Göteborgs hamn or Volvo Cars, were hit by something serious, it would likely affect demand. At the same time, we do not feel that today, despite global uncertainty. We are exposed half to residential and half to commercial premises.The company aims to keep the loan-to-value ratio below 60 percent. Most recently it stood at 48 percent; the figure is updated annually.– We are below our target, and that has been an important factor in coping with the high interest rate environment. Decisions on new borrowing and interest rate hedging are made case by case when loans are raised or mature.The cost base has been affected by the completion of the Hercules property in spring 2025.– Looking at the third quarter, the increase in costs was naturally linked to Hercules being put into use. We are amortizing our loans, which has also contributed to lower interest expenses on the older properties.Covid, among other things, caused construction costs to rise sharply. What do construction costs look like today?– We have procured contracts at fixed price and without indexation. That has given us a high degree of certainty in construction costs over time. We know what it will cost when we enter a project.In the company’s previous annual report, the cross-connection between Syrhåla and Lilleby, which will link Torslandavägen with Kongahällavägen, was highlighted as important for Torslanda’s continued development.– The traffic solution is crucial for Torslanda to be able to keep growing, which naturally affects us as a developer. It also matters for our hope that the city will begin a program effort for, among other things, Skogens gård. However, we have no role in the road project itself.In your own words, why should a retail investor buy shares in Amhult 2?– We have both a management and a development arm and are not dependent on constantly developing new projects. We can create long-term value in the company, which I see as our greatest strength.She also points to performance over time.– Comprehensive income and operating surplus have increased, partly because rental income is linked to CPI and through the increases implemented in the residential portfolio.