Occupancy and utilization risk
Revenue depends on filling storage units and maintaining customer turnover at profitable levels.
- Scope
- Self-storage locations and urban catchments
- Materiality
- high
Cityvarasto Oyj
Cityvarasto is a Finnish public company based in Helsinki that operates self-storage facilities and related property assets across Finland. Through its subsidiaries, it also provides van rental, moving services, packing supplies, shipping and receiving services, and office room rentals in business center properties.
| % | |
|---|---|
| Self-storage rentals | 71% Rental of small storage units and related storage space across Finland. |
| Property and facility management | 18% Ownership, management, and development of storage-suitable real estate assets. |
| Ancillary moving and transport services | 7% Van rental and moving services that support storage customers. |
| Retail and service add-ons | 4% Packing supplies plus shipping and receiving services sold to storage users. |
Cityvarasto serves consumers and businesses that need flexible short- or long-term storage space, especially in...
- Consumer self-storage usersprimary
Households and individuals renting storage units for personal belongings, seasonal items, or life transitions.
- Small business customersprimary
Companies renting storage for inventory, tools, documents, or overflow stock.
- Moving customerssecondary
Customers using van rental and moving services alongside storage during relocations.
- Ancillary service buyerssecondary
Storage customers purchasing packing supplies and shipping/receiving services.
Cityvarasto operates nationwide in Finland, with a network of locations concentrated in major urban centers where...
- •Nationwide footprint across Finland
- •Strongest presence in major city centers
- •Helsinki is the company headquarters
- •Local site access is important for customer convenience
- •Operations depend on Finnish real estate markets
Cityvarasto’s strategy is to strengthen its position in Finnish self-storage by expanding and efficiently using its...
01
Grow the storage property portfoliomedium-term
More locations and units increase market reach and support long-term capacity growth.
02
Bundle adjacent servicesshort-term
Van rental, moving, and packing services make the offering more useful and increase customer stickiness.
03
Improve utilization of existing sitesmedium-term
Efficient use of property assets is central to returns in a real-estate-backed storage model.
The business depends on occupancy, local demand, and the performance of storage-suitable real estate, so weak...
Fair value volatility in investment properties
The company measures investment properties at fair value, so market shifts can move reported asset values and earnings.
- Scope
- Investment property portfolio
- Materiality
- high
Competition in local storage markets
Storage demand is location-specific and customers can switch to nearby alternatives if price or convenience changes.
- Scope
- Major Finnish cities
- Materiality
- medium
Operational execution in ancillary services
Van rental and moving services add service complexity, vehicle utilization needs, and customer service exposure.
- Scope
- PakuOvelle.com and Suomen Opiskelijamuutot
- Materiality
- medium
Investment property fair value measurement
Reported earnings, NAV, and balance sheet size
IFRS 11
IFRS 11 joint arrangements
Balance sheet presentation and leverage metrics
IFRS 16
IFRS 16 lease accounting
Leverage and EBITDA comparability
Segment reporting between property and ancillary services
Revenue mix and profitability analysis
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: 11/08/2026