# Kojamo Oyj

> Clarifo company profile — qualitative business description generated from
> the company's filings. Financial statements, charts and ratios are
> available on Clarifo (https://www.clarifo.com/en/companies/kojamo).

## Overview

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.

## Products & services

• Lumo rental apartments
• My Lumo digital service
• Property maintenance
• Renovation and repairs
• Real estate management
• Additional services like moving and cleaning
• Community events and partnerships

- **Rental Apartments** (80%) — Market-based rental housing across Finland's growth centers.
- **Property Management** (10%) — Includes maintenance, cleaning, and renovation services.
- **Digital Services** (5%) — My Lumo platform for tenant services and digital leasing.
- **Additional Services** (5%) — Moving, cleaning, and insurance services for tenants.

- Lumo rental apartments
- My Lumo digital service
- Property maintenance
- Renovation and repairs
- Real estate management
- Additional services like moving and cleaning
- Community events and partnerships

## 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.

- **Young Professionals** (primary) — Urban rental housing with digital services for convenience.
- **Families** (primary) — Spacious apartments with community benefits for family living.
- **Seniors** (secondary) — Safe and convenient living environments with additional services.
- **Tech-Savvy Individuals** (emerging) — Digital leasing and services for modern living.

- Young professionals seeking urban rental housing
- Families with children looking for spacious apartments
- Seniors desiring convenient and safe living environments
- Tech-savvy individuals utilizing digital leasing services
- Pet owners attracted by pet-friendly policies
- Tenants interested in community events and partnerships

## 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.

- **Helsinki Metropolitan Area** (65%) — Primary market with highest property concentration

- Strong presence in Helsinki metropolitan area
- Key markets include Tampere, Turku, Oulu, and Jyväskylä
- Focus on Finland's growth centers for urbanization trends
- Strategic locations maximize accessibility and convenience
- High occupancy rates due to prime geographic positioning

## 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.

- **Digital Innovation** (medium-term) — To enhance customer experience and streamline operations.
- **Sustainability** (long-term) — To reduce environmental impact and align with urban living trends.
- **Portfolio Growth** (medium-term) — To meet increasing demand for rental housing in urban areas.

- Enhancing customer experience through digital innovation
- Maintaining operational excellence in property management
- Growing portfolio in high-demand urban areas
- Promoting sustainability and reducing carbon footprint
- Leveraging data and technology for seamless customer journeys

## 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 Fluctuations** [high] — Can affect rental demand and property values.
- **Regulatory Changes** [medium] — Environmental standards may increase compliance costs.
- **Interest Rate Changes** [high] — Affect financing costs and profitability.
- **Cybersecurity Threats** [medium] — Potentially disrupt operations and compromise data.
- **Climate Change** [medium] — Transition risks in moving to a low-carbon economy.

- Market fluctuations impacting rental demand and property values
- Regulatory changes in environmental standards increasing compliance costs
- Interest rate changes affecting financing costs and profitability
- Cybersecurity threats potentially disrupting operations
- Climate change and transition risks in a low-carbon economy

## Accounting

Kojamo's financial reporting is influenced by several critical accounting matters. Revenue recognition is primarily based on rental income, which is relatively stable but subject to seasonal fluctuations. The company must carefully manage fair value measurements of its property portfolio, as these significantly impact balance sheet valuations. Lease accounting under IFRS 16 affects how rental agreements are reported, influencing both assets and liabilities. Kojamo also faces challenges in estimating provisions for maintenance and repairs, which require judgment and can affect profitability.

- **Revenue Recognition** — Affects comparability and stability of income.
- **Fair Value Measurements** — Influences asset valuations and financial ratios.
- **Lease Accounting** — Changes in asset and liability reporting.
- **Maintenance Provisions** — Influences reported earnings and cash flow.

- Revenue recognition based on stable rental income
- Seasonal fluctuations in rental income affecting comparability
- Fair value measurements impacting property valuations
- Lease accounting under IFRS 16 influencing financial statements
- Estimates for maintenance provisions affecting profitability

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*Last updated: 2026-08-11T04:04:53.823835+00:00*