contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  tags {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    name
    pageUrl
    defaultInstrument {
      priceData {
        tradeCurrency
      }
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
    id
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

Cityvarasto is a Finnish company operating in the self-storage, van rental and moving services sectors. In addition to the parent company Cityvarasto Oyj, the Cityvarasto Group includes PakuOvelle.com Oy, which specializes in van rental, and the moving company Suomen Opiskelijamuutot Oy as its main subsidiaries. Cityvarasto was founded in 1999 and is headquartered in Vantaa, Finland.

Finnish recording:            investorcaller.com              Cityvarasto Q3 Osavuosikatsaus 2025                              Summary and Q&A:                   investorcaller.com              Cityvarasto Q3 Report 2025 | InvestorCaller

Third-quarter results for the quiet thread: Cityvarasto Plc’s Interim Report 1.1.-30.9.2025: Strong Growth and Listing on the First North Marketplace - Inderes The first earnings report was not a disappointment; hopefully, the good momentum will be maintained in the future as well. Analyst coverage would certainly be a welcome addition for a company like this. It is noteworthy that, according to the CEO, both operating segments showed positive development compared to the previous year.

On the Wendover channel, a video about the storage business in the United States. There is an exceptionally large number of storage units there due to a rather materialistic consumer culture. The industry has been growing for a long time, but there is also a lot of competition, and the barrier to entry is lower than for almost any other type of real estate; almost any plot of land is suitable, and the buildings are simple and cheap to construct. Typically, the rent for storage space is very cheap at first to attract customers, and then the rent is regularly increased, with the hope that the customer won’t bother to move. Duration 19 min.

There has been quite a lot of discussion here about balance sheet values and their changes, return expectations for self-storage units, as well as various other matters, including cash flow after investments. If I simplify my own thinking as to why I’m still not selling shares (even though I’ve been an investor in the company for a long time and have followed its development since crowdfunding), I see Cityvarasto as follows:   Economies of scale and brand - someone said that one can rent out a storage unit oneself with good returns. Great! I also have a real estate business that, when calculated without my own work, yields well, but considering my own work, the scaling potential is poor. Cityvarasto has a good brand, long-term customers, and a proven ability to fill new sites. There’s no reason to assume that sales wouldn’t work in the future - occupancy rates are good even in all new properties, so the business model works, has scaled, and will continue to scale. Entry into the market has proven surprisingly difficult, and new competitors have already gone bankrupt, but Cityvarasto continues to thrive with improving relative profitability.   Cash flow generation capability before new investments and financing costs (investments, of course, will generate more good in the future - and if the pace of investment were slowed down, the cash flow would remain with the owners). EBITDA for H1/25 was €5.5 M. Property acquisitions €2.0 M and other investments €2.2 M. If we assume that approximately €1 M of other investments are for ongoing needs (maintenance investments), the operational cash flow, including maintenance investments, was €4.5 M. Scaled for the full year, it is currently €9 M (and believing management’s comments, even €10 M this year), and growth has so far been in the tens of percent per year. I am confident that management’s promises, at least for next year, are quite solid, so let’s say that €11-12 M for next year is a perfectly valid assumption, and growth will continue beyond that.   Valuation - this is admittedly at a demanding level right now, depending on how one views Cityvarasto as an investment. After the share issue, net debt is approximately €25 M and market capitalization is €128 M, meaning an enterprise value of just over €150 M. EV/FCF is thus over ten even with 2026 figures (operational FCF corrected in my calculations as described above). Is this then a high level for a real estate company? If compared to residential properties, they easily go for 20x, in which case there would still be plenty of room for growth in value. If compared to service businesses, the multiple should be 5x. I personally consider the current level to be pretty much fair value for Cityvarasto (EV/FCF, for my part, could of course be even closer to ten, so I could buy more). In any case, I am not selling a quality company that has one of the longest growth streaks among listed companies behind it, and its performance shows no signs of slowing down.

It hasn’t become clear to me yet why this is or would be a €125M company.  I’ll have to observe the matter from the sidelines for a while.

Doesn’t Cityvarasto utilize SEB’s stabilization arrangement now in connection with the listing… Hard to say how much it affects, but one could think that it pulls the share price specifically towards the listing price, as happened at the end of the first trading day (vs. the fact that the price was already 4% down).

No. It turned out that even the last smart ones jumped off the sinking ship. A rather subdued launch day. That’s a bad omen,

Cityvarasto

Cityvarasto Oyj Company release 6 October 2025 at 2.30 [pm] EESTCityvarasto Oyj - Managers' Transactions____________________________________________Person subject to the notification requirementName...

Cityvarasto Oyj Company release 6 October 2025 at 2.30 [pm] EESTCityvarasto Oyj - Managers' Transactions____________________________________________Person subject to the notification requirementName: Stonerose Capital OyPosition: Closely associated person(X) Legal person&nbsp;(1):Person Discharging Managerial Responsibilities In IssuerName: Ville StenroosPosition: Chief Executive OfficerIssuer: Cityvarasto OyjLEI: 743700C5DUJLBB97FA59Notification type: INITIAL NOTIFICATIONReference number: 125608/5/4&nbsp;____________________________________________Transaction date: 2025-10-03Venue: FIRST NORTH GROWTH MARKET FINLAND (FSME)Instrument type: SHAREISIN: FI4000176557Nature of transaction: DISPOSAL&nbsp;&nbsp;Transaction details(1): Volume: 878015 Unit price: 16 EUR&nbsp;Aggregated transactions (1):Volume: 878015 Volume weighted average price: 16 EUR&nbsp;Further enquiriesVille Stenroos, CEO, Cityvarasto Oyj, tel. +358 29 123 4747Matti Leinonen, CFO, Cityvarasto Oyj, tel. +358 29 123 4768Certified Adviser:Skandinaviska Enskilda Banken AB (publ) Helsinki Branch, tel. +358 9 6162 8000Information about CityvarastoCityvarasto is a Finnish company established in 1999, operating in the self-storage, van rental and moving services sectors. In addition to the parent company Cityvarasto Oyj, the Cityvarasto Group includes, as its principal subsidiaries, PakuOvelle.com Oy, which specialises in van rentals, and Suomen Opiskelijamuutot Oy, a moving services company