Kojamo Oyj

KOJAMO

Equity

ISIN FI4000312251 / Valor 42104291

NASDAQ Helsinki Ltd, Equities (2024-12-23)

EUR 9.26+0.16%

Kojamo Oyj
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About company

Kojamo Oyj is a leading company in the rental housing sector in Finland, with a focus on creating high-quality urban living spaces. The company is known for its Lumo housing brand, which offers rental living and housing services in key growth centers across the country. Kojamo is one of the largest investors in Finland and has a strong commitment to sustainability, as evidenced by its inclusion of a sustainability report in its Annual Report. The company's operations, strategy, and progress are detailed in its Annual Report, showcasing its dedication to providing excellent rental housing options for consumers.

Summarized from source with an LLMView SourceSector: Finance

Total Revenue Growth

Kojamo Oyj reported a total revenue increase of 3.1% for Q2 2024, reaching EUR 112.3 million compared to EUR 108.9 million in the same quarter of the previous year. This growth was driven by higher rental income and a stable occupancy rate.

Net Rental Income

In Q2 2024, Kojamo Oyj's net rental income rose by 3.9%, amounting to EUR 82.1 million, up from EUR 79.0 million in Q2 2023. The net rental income margin also improved slightly to 73.1% from 72.6% in the previous year.

Profit Before Taxes

Kojamo Oyj reported a significant loss before taxes of EUR -104.3 million for Q2 2024, a stark contrast to the profit of EUR 71.7 million in Q2 2023. This loss includes a substantial negative net result on the valuation of investment properties at fair value.

Earnings Per Share

The earnings per share for Kojamo Oyj in Q2 2024 were EUR -0.34, down from EUR 0.23 in Q2 2023. This decline reflects the overall decrease in profitability and the impact of the negative valuation adjustments on investment properties.

Funds From Operations

Funds From Operations (FFO) for Kojamo Oyj decreased by 17.4% in Q2 2024, totaling EUR 42.7 million compared to EUR 51.7 million in Q2 2023. The decline in FFO was primarily due to increased financial and maintenance expenses during the quarter.

Summarized from source with an LLMView Source

Key figures

-23.1%1Y

-55.5%3Y

-42.8%5Y

Performance

31.2%1Y

36.0%3Y

32.2%5Y

Volatility