Kojamo falls as oversupply in rental market persists, impacting Q2

Lumo Kodit Oyj

21/08/2025 08:39

** Shares in Kojamo KOJAMO.HE fall more than 3% after the Finnish residential real estate group cautioned that oversupply in the rental market persists, impacting its quarterly results

** It posts Q2 adjusted EBITDA of EUR 73.1 million ($85.1 million), slightly below the EUR 73.4 million seen in a Vara consensus

** In July, the company lowered its annual guidance after selling some of its rental housing properties

** "Occupancy continued to improve - a welcome development - but management cautioned that there continues to be oversupply in the market," J.P.Morgan says

** JPM sees limited prospects of near-term growth and notes that property disposals are being done below book value

($1 = 0.8591 euros)

(Reporting by Marta Frąckowiak)

((marta.frackowiak@thomsonreuters.com))