Finland's Kojamo Q4 net rental income rises on improving occupancy rate

Lumo Kodit Oyj

11/02/2026 06:11

Overview

Finland's largest residential real estate firm Q4 revenue fell 1.8% yr/yr

Net rental income for Q4 rose 2.2%, improving occupancy rate

Company estimates 2026 revenue between EUR 484 and EUR 497 mln

Outlook

Kojamo estimates 2026 revenue at EUR 484–EUR497 mln

Company expects 2026 FFO between EUR 147–EUR 157 mln

Kojamo's outlook considers acquisition of 4,761 apartments by April 2026

Result Drivers

OCCUPANCY RATE - Improved occupancy rate drove an increase in net rental income, reaching 94.8% for the year

PROPERTY SALES - Revenue was impacted by the sale of 2,028 apartments, while no new apartments were completed

CUSTOMER EXPERIENCE - Focus on customer experience led to improved tenant satisfaction and reduced turnover

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
EUR 111.70 mln
Q4 EPS
EUR 0.06
Q4 Adjusted EBITDA
EUR 65.30 mln
Q4 FFO
EUR 34.80 mln
Q4 Pretax Profit
EUR 17.80 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 2 "hold" and 2 "sell" or "strong sell"

The average consensus recommendation for the real estate rental, development & operations peer group is "buy"

Wall Street's median 12-month price target for Kojamo Oyj is €11.90, about 24.9% above its February 10 closing price of €9.53

The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 18 three months ago

Press Release: ID:nGNEKXGx

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)