It is gratifying to note that we retained the efficiency in operations we lay the foundations for in 2023 despite continued price increases. However, an unusually cold and snowy start to the year impacted costs for heating and snow clearance. It is also gratifying that we are once again investing in long-term value creation.
The implementation of energy efficiency measures strengthens cash flows and property values while concurrently contributing to a sustainable future. We are also preparing to once again start new upgrades. We have potential upgrades for a total of approximately 1,500 apartments in our portfolio.