Kojamo Oyj
Kojamo Oyj is Finland's largest private residential real estate company, specializing in market-based rental housing and living services. The company operates primarily under the Lumo brand, offering a wide range of rental apartments across Finland's growth centers. Kojamo focuses on providing high-quality urban living experiences, leveraging digital solutions and a customer-centric approach to enhance tenant satisfaction. The company is committed to sustainable urban living and aims to be a leader in operational excellence within the housing market.
Fiscal year 2025 · change from previous year
Development 2020–2025
Business
Share of revenueMarket-based rental housing across Finland's growth centers.
Includes maintenance, cleaning, and renovation services.
My Lumo platform for tenant services and digital leasing.
Moving, cleaning, and insurance services for tenants.
Customers
Kojamo's customers primarily consist of individuals and families seeking rental housing in urban areas. The company caters to a diverse demographic, including young professionals, families with children, and seniors. Kojamo's Lumo brand offers flexible living solutions and a range of customer benefits, such as pet-friendly policies and community events. The company's digital services and customer-centric approach attract tech-savvy tenants looking for convenience and quality in their living arrangements.
Urban rental housing with digital services for convenience.
Spacious apartments with community benefits for family living.
Safe and convenient living environments with additional services.
Digital leasing and services for modern living.
Strategy
Kojamo's strategic priorities include enhancing customer experience through digital innovation and maintaining operational excellence. The company aims to grow its portfolio by focusing on urban areas with high demand for rental housing. Sustainability is a core component of Kojamo's strategy, with initiatives to reduce carbon footprint and promote responsible urban living. By leveraging data and technology, Kojamo seeks to provide seamless customer journeys and improve service offerings.
To enhance customer experience and streamline operations.
To reduce environmental impact and align with urban living trends.
To meet increasing demand for rental housing in urban areas.
Geography
Kojamo operates primarily in Finland, with a strong presence in the Helsinki metropolitan area, which accounts for the majority of its portfolio. Other key markets include Tampere, Turku, Oulu, and Jyväskylä. The company's geographic focus on growth centers allows it to capitalize on urbanization trends and demand for rental housing. Kojamo's strategic locations are chosen to maximize accessibility and convenience for tenants, contributing to high occupancy rates and rental income stability.
Risks
Kojamo faces several risks, including market fluctuations that can impact rental demand and property values. Regulatory changes, particularly in environmental standards, pose compliance challenges and potential cost increases. The company's financial performance is sensitive to interest rate changes, affecting financing costs and profitability. Additionally, cybersecurity threats could disrupt operations and compromise sensitive data, necessitating robust IT security measures. Climate change and the transition to a low-carbon economy also present strategic risks that Kojamo must manage proactively.
- Market FluctuationsImpact: HighLikelihood: High
Can affect rental demand and property values.
- Interest Rate ChangesImpact: HighLikelihood: Medium
Affect financing costs and profitability.
- Regulatory ChangesImpact: MediumLikelihood: Medium
Environmental standards may increase compliance costs.
- Cybersecurity ThreatsImpact: MediumLikelihood: Low
Potentially disrupt operations and compromise data.
- Climate ChangeImpact: MediumLikelihood: Low
Transition risks in moving to a low-carbon economy.
Accounting
Judgemental itemsBased on rental income with seasonal fluctuations.
Impact: Affects comparability and stability of income.
Significantly impact property valuations on balance sheet.
Impact: Influences asset valuations and financial ratios.
IFRS 16 affects reporting of rental agreements.
Impact: Changes in asset and liability reporting.
Require judgment and affect profitability.
Impact: Influences reported earnings and cash flow.
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Last updated: 24/09/2026