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Investors House operates in the real estate industry. The investments are mainly found in larger commercial properties around the Finnish market, with a focus on growing university cities. In addition to direct ownership and management, the properties are also leased to various tenants. Operations are held in the Finnish market and the head office is located in Helsinki.
Investors Housen Q2-rapport var i stort sett i linje med våra förväntningar. Omsättningen och vinsten minskade som väntat tydligt, drivet av den betydande försäljningen av fastighetsportföljen. Det absolut låga resultatet överträffade dock vår förväntning något. Innevarande år är ett år av strukturella förändringar för företaget, efter försäljningen av fondverksamheten och annulleringen av delningsplanen. Företaget planerar tillväxtinvesteringar i båda segmenten under slutet av året/nästa år, vars framgång är avgörande för investerings-caset. Aktievärderingen (Q2’26 P/B 1,25x, direktavkastning ~4 %) är enligt vår mening fortfarande stram i förhållande till den minskade verksamheten.
Investors House's Q2 report was broadly in line with our expectations, with the Real Estate segment slightly weaker than we expected. However, the good profitability for the Services segment was a clear positive, as the segment's performance has been...
Investors House reported Q2 revenues of EUR 1.4m, 3% below our estimate. NOI was EUR 0.7m, down from EUR 1.4m y/y and 8% below our estimate of EUR 0.8m. It is worth noting that the sale of JV Apitaire in 2025 is behind the significant sales and earnings...
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Fastighetsförsäljningarna tyngde omsättningen som väntat, men nettointäkterna översteg något våra estimat. Företaget undersöker aktivt nya investeringar under resten av året.
Investors House's Q1 report was burdened by one-off costs, and both the Real Estate and Services segments' operative results were weaker than we expected. It is worth noting that the clear decline in sales and EBIT y/y is a result of the divestment of...
Investors House Q1-rapport var svagare än våra förväntningar på grund av det tröga Services-segmentet. Fastigheter-segmentet presterade däremot något bättre än väntat. Innevarande år är ett år av strukturella förändringar för företaget, då den nya VD:n Jukka Akselin tillträder, efter försäljningen av fondverksamheten och efter att delningsplanen har avbrutits. Företaget planerar tillväxtinvesteringar i båda segmenten under slutet av året/nästa år, vars framgång är central för investerings-caset.
Investors House reported Q1 revenues of EUR 1.5m, 11% below our estimate. NOI was EUR 0.2m, down from EUR 1.1m y/y and below our estimate of EUR 0.5m. It is worth noting that the sale of JV Apitaire in 2025 is behind the significant sales and earnings...
Investors House announced three separate changes today. First, the company will sharpen its focus and will sell its Fund business for EUR 0.9m, which equals the book value of the business. We view the sales of the Fund business as rather neutral, and...
Investors House's Q4 report was solid, with the Services segment surprising positively, while the Real Estate segment was broadly in line with our expectations. The company has successfully implemented cost reductions in Services, and Q4 was boosted ...
Investors House reported Q4 revenues of EUR 1.8m, 9% above our estimate. NOI was EUR 0.8m, down from EUR 1.6m y/y and 29% above our estimate. It is worth noting that the sale of Apitaire is behind the significant decline y/y. Adjusted group EBIT was ...
