The property company Mofast reports a lower operating profit for the first quarter, compared with the same period last year.Rental income amounted to SEK 51.6 million (56.6), a decrease of 8.8 percent from the previous year. "Our work on extensions and new lease agreements also continues, and after the end of the quarter an additional number of contracts have been signed. This means that our average duration in the community portfolio now stands at 5.6 (5.3) years. Agreements expiring in 10 years or later now account for 13 (15) percent of the portfolio," says CEO Eric Fischbein. "At the end of the quarter, we have an economic occupancy rate of 95.0 (93.6) percent."Net operating income amounted to SEK 29.6 million (33.1), a decrease of 10.6 percent from the previous year. Operating profit amounted to SEK 9.5 million (10.1), a decrease of 5.9 percent from the previous year. Realized changes in value of properties amounted to SEK 0.0 million (-6.3). Unrealized changes in value of properties amounted to SEK 3.2 million (-3.3). Unrealized changes in value of derivatives amounted to SEK 2.2 million (0.8). Profit before tax was SEK 14.9 million (1.4). Profit after tax was SEK 8.5 million (-0.5). Earnings per share amounted to SEK 0.20 (0.0). Net asset value per share was SEK 40.10 (39.10).Mofast, SEK millionQ1-2026Q1-2025ChangeRental income51.656.6-8.8%Net operating income29.633.1-10.6%Operating profit9.510.1-5.9%Changes in value of properties, realized0.0-6.3Changes in value of properties, unrealized3.2-3.3Changes in value of derivatives, unrealized2.20.8175.0%Profit before tax14.91.4964.3%Net profit8.5-0.5Earnings per share, SEK0.200.0Net asset value per share, SEK40.1039.102.6%