Welcome to the investor presentation for the first nine months results for Heimar Real Estate Company in Iceland. Earlier today, the board of directors approved the consolidated financial accounts and all relevant material following the investor presentation, including the consolidated accounts, the presentation, and the press release are readily available on the stock exchange information section and on www.heimar.is. We had a strong first nine months of the year 2026. We are reporting total investments of ISK 8.1 billion in the property portfolio year to date. We are seeing a 12.2% year-on-year growth in rental income. Thereof, total operating revenue is up 11.7%. If you look at net cash from operating activities over the last 12 months as a proportion of market value at quarter end, it stands at 9.9%. So almost 10% net cash as compared to the market value of the shares at the quarter end. We have seen greater emphasis on shareholder distributions. We believe that the strong property portfolio and the strong underlying operations of the company for the last few years have put us in a place where we can change the dividend policy of the company. Our distributions going forward now rest on a more stable foundation, and I believe that we are in the enviable position to be able to return more of net cash to our investors in the coming years. This was a strategic decision taken by the board of directors. It means that we will have clear and regular distributions that will make the company a more attractive option for a broader range of investors. That means that we will be balancing distribution on the one hand and growth on the other hand. Distributions, in our mind, will carry greater weight while the company retains capacity for profitable investments going forward. In addition, property sales to offset investments will remain part of the portfolio's development, and our new policy entails that 60% at least of net cash from operating activities will be paid out to our shareholders twice a year following the annual general meeting and six months later on. This means that we will place greater emphasis on dividend payments over share buybacks going forward, as I will explain in more detail later in the presentation. If you look at the key operating and balance sheets metrics, they remain strong going forward. We see that rental income growth comes in at 12.2%, EBITDA growth is at 10.3%, and EBITDA as percentage of rental income is just shy of 71%. Our occupancy rate remains high as before, comes in at roughly 96.1%. We are seeing a profitability of ISK 4.2 billion after tax in the first nine months, and the fair value adjustments of investment properties is just around ISK 7.5 billion. Our yield on investment properties comes in at 5.1%, and return on equity is around 7.1%. If you look at the financial position of the company, we see that investment properties are booked at ISK 244 billion. Our interest-bearing liabilities have increased somewhat and stand at ISK 147 billion, but the LTV ratio remains very low, around 61.5%, and the equity ratio is high, just shy of 32%. We have talked about purposeful steps toward clear goals. What does that mean? We have a clear strategic focus that has delivered measurable results for our investors and our portfolio. We currently have 98 properties in the portfolio, and our rental income from core areas, which I will explain in more detail later on in the presentation, is around 74% of all of our rental income. Our occupancy rate, as mentioned before, remains extremely high at around 96%, and 70% or 69% of all our square meters are located within these well-defined core areas of our property portfolio. That is around 392,000 sq m, and the average lease term of our customers is around six years. 43% of our buildings, or 44%, is green buildings, and the proportion of green financing on our debt liability side is around 44%. I have said before, and I will reiterate here, the company has a clear strategy, and we are consistently delivering strong results. That is based on disciplined operations and strategic investments in our portfolio. 74% of our rental income come from well-defined core areas. Our long-term goal is to be somewhere around 70%-80%, so we are exactly in the middle of our long-term goal. If you look at our customer base, 42% are either listed companies or public entities. That means that we have a very strong client base, and we are focusing on large tenants occupying either large spaces or large single properties. As mentioned before, we have green assets. They are roughly 44% of our rental income, and our long-term goal is somewhat lower, to be around 40% going forward. We have presented Heimar as an attractive investment opportunity with solid fundamentals. What does that mean? We are a reliable and responsible investment opportunity, and you can see from left to right the EBITDA development of the company for the last five years, just growing steadily throughout time. We focus on core areas, a clear strategy, and strong execution, resulting in 75% of our rental income coming from these aforementioned core areas. We have a moderate LTV ratio compared to our competitors, and we have been deleveraging in the last few years. You see how the LTV ratio has been coming down for the last four or five years, registering just above 61% at the end of the quarter. Furthermore, we focus on sustainability and social responsibility. 43% of the company's portfolio qualifies as green assets, and we have seen significant change in carbon footprint in the portfolio in the last years. Diving into the finance and operations, we see both strong nominal and real revenue growth in the first nine months of 2026. Rental income is increasing by 12.2% and is just shy of ISK 13 billion for the period. We see that operating profit before value adjustments come in at just shy of ISK 9 billion, which is a 10.3% growth year-on-year. Profit for the period is just north of ISK 4 billion and increases by 46% from last year. We see that the administrative expense ratio continues to decrease, comes in at 5.3%, but operating expense ratio of investment properties increases somewhat and comes in at 21.3%. Our operating profit before value adjustments as percentage of rental income is just shy of 71% for the period. If we disaggregate the growth in the underlying top line of the accounts, you see that the revenue development from left to right, inflation explains around ISK 519 million, increase above inflation is roughly ISK 327 million, and change in property portfolio net comes in at around ISK 516 million, leading to the top line of ISK 12.5 billion, which is a 12% growth year-on-year. We see that the real revenue growth registers at 7.2%. Looking into our accounts receivable, we say that strong tenant mix mitigates risk. What does that mean? That means that high-quality tenant base, we have a high-quality tenant base, and we have a strong oversight with our clients. If you look at this from left to right, you see that accounts receivable, the net position at the end of the period is lower for the first nine months in 2026 as compared to full year 2025. There have been minimal changes in accounts receivable. Impairment of accounts receivable was roughly ISK 150 million in the period, and these are mostly write-offs of accounts receivable explained by very few bankruptcy cases. The balance sheet remains strong with equity registering at ISK 81.7 billion at the end of the period. From left to right, you see the equity ratio stands at 31.9% and has gone from strength to strength in the last few years. The LTV ratio, as mentioned before, continues to decrease and comes in at 61.5%. If you look at the net LTV ratio, that is LTV ratio net of cash in the company, it comes in at 60%, and net LTV ratio, including associate companies, takes it even further down to 58.5%. The positive fair value adjustments of ISK 7.5 billion comes in in the first nine months of the year. Inflation, as before, is the primary driver of valuation changes. The weighted average cost of capital at the end of the quarter was 6.57% compared to 6.48% at year-end 2025. We're increasing the weighted average cost of capital, and the increase in WACC resulted in a valuation decrease of ISK 200 million in the third quarter. Looking into our investment and property sales over the period, the company has invested approximately ISK 8.1 billion in the property portfolio to date. Agreements were recently finalized for the sale of two properties for approximately ISK 1.2 billion, which is roughly 10% above book value. As before, we are working on our balance sheet, either investing or divesting. We're selling smaller, older investment properties and reinvesting that in newer properties that better fit into our strategy. If you look at the key investment projects that are in progress already from left to right, we see we have a ISK 7.5 billion investment in one of the core areas in the city of Reykjavík, and that will lead to an annual revenue of ISK 700 million when it comes fully online in the spring of 2027. We are expanding a nursing home at Sóltún, which is a key property in our portfolio. The investment amounts to ISK 3.5 billion, of which we've already invested ISK 1.2 billion, and the annual revenue when it's fully utilized will increase by ISK 360 million from autumn 2027. That means that these two properties, Dvergshöfði and Sóltún, will lead to just above ISK 1 billion in annual revenue that comes online in 2027. Two other projects that are worth mentioning, a new nursing home in one of the key areas of Reykjavík, an investment of roughly ISK 6 billion that will lead to annual revenue of around ISK 435 million, which will come online probably at the beginning of year 2029. The same applies to our healthcare center that we are starting to build, an investment of ISK 3.2 billion with an annual revenue of roughly ISK 280 million. So in the aggregate, these two will add ISK 750 million in annual revenue to our financial accounts in 2028 and 2029. Aggregating this all together, it is just about ISK 1.8 billion from these four projects that will come into our top line in 2027, 2028, and 2029. We have no refinancing need in 2026. As mentioned before, green financing is roughly 44% of interest-bearing debt. Approximately 27% of interest-bearing loans are bank loans. The rest are bonds listed on the stock exchange. The effective average interest rate on indexed loans was 3.48% at the end of the quarter, an increase of 4 basis points since the year end. Refinancing of bank loans maturing in 2027 has been fully completed. Looking into our shareholder base, the 20 largest shareholders of Heimar are depicted on the left-hand side, and the list is shown on the right-hand side. There have been minimal changes in this quarter. Our share price is down 0.6% in the third quarter, and we are among the most actively traded shares on Nasdaq Iceland, somewhere around the middle in that comparison. That concludes the presentation for today. As I mentioned in the beginning, all relevant data, et cetera, are available on our website, www.heimar.is, and on the stock exchange news information system.