Finland's Lumo Homes Q1 revenue falls 3.1%, FFO down 8.6%

Lumo Kodit Oyj

06/05/2026 06:08

Overview

Finland residential real estate firm's Q1 revenue fell 3.1% yr/yr after major apartment sale

Q1 FFO declined 8.6% yr/yr; occupancy rate improved to 95.6%

Company maintained 2026 outlook, expects revenue of EUR 484–497 mln and FFO of EUR 147–157 mln

Outlook

Lumo Homes maintains 2026 revenue guidance at EUR 484–497 mln

Company expects 2026 FFO of EUR 147–157 mln, excluding non-recurring costs

Company says residential construction expected to remain low in 2026

Result Drivers

ASSET SALES - Co said lower revenue and net rental income were mainly due to the sale of about 2,000 apartments in July 2025

LIKE-FOR-LIKE GROWTH - On a comparable, like-for-like basis, both total revenue and net rental income increased, reflecting continued strength in core operations

COLD WINTER - FFO declined as a result of lower total revenue and the cold winter

Company press release: ID:nGNE7gG8zX

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
EUR 110.80 mln
Q1 EPS
-EUR 0.07
Q1 Adjusted EBITDA
EUR 50.40 mln
Q1 FFO
EUR 21.20 mln
Q1 Pretax Profit
-EUR 20.90 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 4 "hold" and no "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 Lumo Kodit Oyj is €10.50, about 33% above its May 5 closing price of €7.90

The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 17 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)