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Kojamo Oyj
OMXH:KOJAMO

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Kojamo Oyj
OMXH:KOJAMO
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Price: 9.925 EUR 0.2% Market Closed
Market Cap: 2.5B EUR

Kojamo Oyj
Investor Relations

Kojamo Oyj, a Finnish real estate frontrunner, has carved a distinctive niche in the rental housing market with a focus on providing high-quality, urban living solutions. With its roots tracing back to Helsinki in 1969, the company has steadily evolved to become a significant player in the property sector, marked by its innovative approach and commitment to sustainability. Kojamo primarily operates under its well-recognized brand, Lumo, offering a wide array of rental apartments primarily in Finland’s rapidly urbanizing cities. By focusing on urban centers where demand is robust, Kojamo capitalizes on the trend of urbanization and the increasing preference for rental living, especially among young professionals and those seeking flexible housing options.

The company’s business model is built on a strategic cycle of property acquisition, development, and leasing. Kojamo invests heavily in developing new residential properties and renovating existing ones to align with modern standards and environmental sustainability. Their revenue streams are primarily generated through rental income, underpinned by a portfolio characterized by high occupancy rates and competitive rental pricing. By leveraging cutting-edge technology and customer-centric services, Kojamo enhances the tenant experience, which promotes longer lease periods and lower vacancy rates. This focus on quality and efficiency not only bolsters Kojamo's financial performance but also reinforces its position as an industry leader in creating thriving living environments in urban Finland.

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Earnings Calls

2024 Q1
May 8, 2024
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Strong Financials Amid Market Challenges
2024 Q1
May 8, 2024

During Q1, Kojamo increased total revenue, net rental income, and profit before taxes. Occupancy saw a slight uptick, despite elevated maintenance costs due to a harsh winter. The company completed its last residential project, with no new developments planned, projecting a potential market shortage. The financial outlook remains solid with strong liquidity and maturing loans for 2024 and 2025 already covered. Kojamo revised its guidance to an annual revenue growth of 4%-7% and an FFO range of EUR 152-164 million, driven by improved rental prices and completion of existing apartments.

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Management

Mr. Erik Hjelt EMBA, LL.Lic.
Interim CEO & CFO
No Bio Available
Mr. Ville Raitio EMBA, M.Sc.
Executive Vice President of Investments & Portfolio Management
No Bio Available
Tuomas Kaulio
Chief Technology Officer
No Bio Available
Ms. Niina Saarto
Director of Group Treasury & Investor Relations
No Bio Available
Markus Kouhi
General Counsel
No Bio Available
Marika Koskinen
Communications Manager
No Bio Available
Laura Koiranen
Sales Director
No Bio Available
Hanna Härkönen
Head of Marketing & Communications
No Bio Available
Mr. Janne Ojalehto M.B.A.
Executive Vice President of Housing
No Bio Available
Susanna Virtakangas
Head of Lumo Service Centre
No Bio Available

Contacts

Address
ETELA-SUOMEN
Helsinki
Mannerheimintie 168a, PL 40
Contacts
+358205083300.0
kojamo.fi