Nasdaq HelsinkiReal Estate - DiversifiedIFRS · EUR

Lumo Kodit Oyj

Lumo Kodit Oyj is a Finland-based residential real estate company that operates as the primary housing investment vehicle of the Kojamo Group. The company owns, develops, and leases urban rental apartments primarily located in Finland's major growth centres. Its property portfolio is supported by a proprietary digital rental platform and residential value-added services under the Lumo brand.

Kysy yhtiöstä
Liikevaihto455milj. EUR
+0,6 %v/v
Liikevoitto (EBIT)139milj. EUR
+7,1 %v/v
EBIT-marginaali30,6%
+1,9 %-yks.v/v
Nettotulos20,8milj. EUR
−1,9 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2021–2025

−50005001 0001 500milj. EUR2021: 392 milj. EUR2021: EBIT 1 334 milj. EUR20212022: 413 milj. EUR2022: EBIT −443 milj. EUR20222023: 442 milj. EUR2023: EBIT −41 milj. EUR20232024: 452 milj. EUR2024: EBIT 130 milj. EUR20242025: 455 milj. EUR2025: EBIT 139 milj. EUR202512 kk 2026: 461 milj. EUR12 kk 2026: EBIT 228 milj. EUR12 kk461228
LiikevaihtoLiikevoitto (EBIT)12 kk = viimeiset 12 kuukautta, ei kokonainen tilikausi
Kysy Clarifolta: Lumo Kodit Oyj

Liiketoiminta

Osuus liikevaihdosta
Residential Rental Housing95 %

Direct leasing of privately financed rental apartments in growth centres, generating steady rental income.

Housing-Related Services5 %

Value-added services including shared mobility, parking space leasing, utility charges, and tenancy services.

Asiakkaat

Lumo Kodit serves individual consumers seeking flexible urban rental housing in Finland's key growth centres. Demand is underpinned by demographic shifts including urbanisation, smaller household sizes, and workforce mobility. The company directly reaches tenants through its digital webstore and the MyLumo self-service application.

Urban Private Renters

Individuals and households renting modern apartments in prime growth hub locations with integrated digital services.

Parking and Ancillary Service Users

Residents paying for parking facilities, EV charging points, and optional residential services.

Strategia

Lumo Kodit focuses on maximizing financial occupancy and delivering customer satisfaction across Finnish growth centres. The company prioritizes digital service automation through its webstore and the MyLumo platform to enhance operating efficiency. Long-term strategy emphasizes balance sheet discipline, carbon-neutral district heating, and selective portfolio modernization.

Customer Experience and Digital LeadershipKeskipitkä aikaväli

Higher tenant satisfaction and seamless digital service drive tenancy duration and reduce turnover costs.

Sustainability and Carbon Footprint ReductionPitkä aikaväli

Regulatory compliance and investor ESG standards require declining operational emissions and energy efficiency.

Occupancy Rate and Cash Flow OptimizationLyhyt aikaväli

Maximizing occupancy directly counters market headwinds from new housing supply and yields solid operating cash flow.

Maantiede

Lumo Kodit operates exclusively in Finland, concentrating its portfolio in the largest urban growth centres. The Helsinki Metropolitan area represents the dominant majority of total property fair value and unit distribution. Additional significant holdings are located in Tampere, Turku, Oulu, Jyväskylä, Kuopio, and Lahti.

Riskit

The business is exposed to broader macroeconomic conditions, interest rate fluctuations, and property valuation yields that impact loan-to-value ratios. High localized rental housing supply and housing allowance reforms threaten rental pricing power and occupancy. Tightened debt availability or higher refinancing costs also pose risks to capital structure sustainability.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Property Fair Value Devaluations1Financing and Refinancing Availability2Rental Market Overcapacity and Occupancy Pressure3
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Property Fair Value DevaluationsVaikutus: KriittinenTodennäköisyys: Kohtalainen

    Rising market yields and weak transaction liquidity lead to non-cash reductions in investment property fair values.

    Kohdistuu: EUR ~8 billion investment property balance sheet base

  2. Financing and Refinancing AvailabilityVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Disruptions in capital markets or tighter bank lending rules increase debt costs and restrict debt renewal.

    Kohdistuu: Group debt structure and loan-to-value covenant ratios

  3. Rental Market Overcapacity and Occupancy PressureVaikutus: KeskitasoTodennäköisyys: Korkea

    Elevated apartment supply in growth centers increases tenant turnover and demands tenant acquisition concessions.

    Kohdistuu: Portfolio rental income and like-for-like rental growth

Kysy Clarifolta: Lumo Kodit Oyj

Kirjanpito

Harkinnanvaraiset erät
IAS 40 Investment Property Fair Valuation

Properties are appraised based on yield models and market transactions, causing non-cash earnings fluctuations.

Vaikutus: Directly impacts equity ratio, reported net profit, and balance sheet loan-to-value

IFRS 3 vs Asset Acquisition Judgment

Management assesses whether acquired portfolios include integrated processes that constitute a business.

Vaikutus: Determines whether goodwill, deferred taxes, and transaction fees are capitalized or expensed

IFRS 16 Leases for Plot Rents

Rented municipal and private land plots are capitalized onto the balance sheet as right-of-use assets.

Vaikutus: Increases reported liabilities and assets, affecting operational gearing metrics

Samankaltaisia listattuja yhtiöitä

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

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Päivitetty: 24.10.2026