Niina Saarto
Director of Group Treasury & Investor Relations

Good morning. Welcome to Lumo Homes Q1 Results Webcast. I am Niina Saarto, Treasury and Investor Relations Director. Today, we'll present you first quarter figures, and we will also give an update on the acquisition of nearly 4,800 apartments, which we completed after the review period on 1st of April. CEO, Reima Rytsola will start the presentation; and then CFO, Erik Hjelt, will continue. In the Q&A, we will open the phone lines for questions. We also take questions via chat.

So all is set, gentlemen, now it's your turn.

Reima Rytsola
President & CEO

Thank you, Niina, and a very good morning on behalf of myself as well. And welcome to this inaugural Lumo Homes plc interim report. So fantastic to be here under this Lumo brand. Going a little bit of true of our first quarter results, and we have shared with the CFO, Erik Hjelt, so that Erik will go more thoroughly the figures, and I will have a kind of an overview of the market conditions and overall situation.

But all in all, our like-for-like rental income grew and occupancy rate improved from previous year. And that was kind of, I would say, consistent development for us, even though