Brief: Kojamo Q1 Net Rental Income Rises To EUR 60.6 Mln

Lumo Kodit Oyj

08/05/2024 12:07

May 8 (Reuters) - Kojamo Oyj  KOJAMO.HE :
    * KOJAMO ESTIMATES THAT IN 2024, GROUP'S TOTAL REVENUE WILL
INCREASE BY 4-7 PER CENT (PREVIOUSLY 4-8 PER CENT) YEAR-ON-YEAR
    * Q1 NET RENTAL INCOME INCREASED BY 1.9 PER CENT TO EUR 60.6
(59.5) MILLION
    * SEES FFO FOR 2024 BETWEEN EUR 152-164 MILLION, EXCLUDING
NON-RECURRING COSTS (PREVIOUSLY EUR 154-166 MILLION)
    * FAIR VALUE OF INVESTMENT PROPERTIES WAS EUR 8.1 (8.2)
BILLION AT
END OF Q1, INCLUDING EUR 0.0 (7.5) MILLION IN INVESTMENT
PROPERTIES HELD FOR SALE
    * Q1 FINANCIAL OCCUPANCY RATE WAS 92.4 (92.2) PER CENT
    * OCCUPANCY RATE SLIGHTLY IMPROVED FROM COMPARISON PERIOD,
AND
TENANT TURNOVER REMAINED AT LAST YEAR'S LEVEL
    * SAVING PROGRAMME WE STARTED LAST FALL IS PROGRESSING
ACCORDING
TO THE PLAN
    * SAVING PROGRAMME WE STARTED LAST FALL IS PROGRESSING
ACCORDING
TO PLAN
    * 2024 OUTLOOK: GROUP'S TOTAL REVENUE TO INCREASE BY 4-7 PER
CENT
(PREVIOUSLY 4-8 PER CENT) YEAR-ON-YEAR
    * WITH SAVING PROGRAMME AND FINANCIAL ARRANGEMENTS MADE,
LOANS
MATURING IN 2024 AND 2025 ARE COVERED
    * AS SUPPLY WILL TURN TO DECLINE, POSSIBILITIES FOR RENT
INCREASES
ARE EXPECTED TO IMPROVE FURTHER

Source text for Eikon:  ID:nWkrDG0Fp 
Further company coverage:  KOJAMO.HE 

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