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
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
        }
      }
      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
    }
  }
}


kojamo-oyj-stock-exchange-release-kojamos-acquisition-of-a-housing-portfolio-from-varma-will-be-completed

__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

Kojamo is active in the real estate industry. The company specializes in property development and acquires, develops, and invests in properties around the Finnish domestic market. The vision is to offer housing solutions that are rented out to customers in growing Finnish cities. In addition to the main business, various web portals are also offered for renting out homes. The head office is located in Helsinki.

The notice of the general meeting also contains information about the upcoming (possible) name change; no actual separate news release has been published regarding this: 17. Amendment of the Articles of Association As part of the company’s strategic work, the Board of Directors has considered changing the company’s name to Lumo Kodit Oyj. Renewing the brand and brand architecture is one way to strengthen the already strong Lumo brand and ensure the effective implementation of the company’s updated strategy. The Kojamo and Lumo Kodit brands would be combined so that in the future, the Company’s business name would be Lumo Kodit Oyj. The Board of Directors proposes that the general meeting decide to amend Section 1 of the Articles of Association so that in the future, the Company’s business name would be Lumo Kodit. The Company’s business name in English is Lumo Homes plc.

A free tip for Kojamo’s top management, I’m sure one of you reads this board: Buy the stock with your own money, if you believe your own talk.

Aki has written about Kojamo again   I wonder where they hold those stock market courses that teach companies to communicate as unclearly as possible, while still using plenty of officialese? Does, for example, the upcoming From Vantaa to the Stock Exchange program offer the capabilities to identify how strategic processes are kept front and center? In any case, whoever drafts Kojamo’s releases has at least completed Officialese I with top marks.                    Sijoitustieto.fi              Erityiset oikeudet Kojamon keskiössä    Missähän pidetään pörssikursseja, joissa opetetaan yhtiöt tiedottamaan mahdollisimman epäselvästi, mutta kuitenkin kapulakielisesti? Tarjoaako esimerkiksi tuleva Vantaalta pörssiin -ohjelma kyvykkyyksiä tunnistaa, miten strategiset prosessit pidetään...

The company’s webcast included more detailed data on the acquired portfolio.  The company also stated in the Q&A session that it estimates obtaining bond financing at an interest rate of approximately 3.6x%. The current average interest rate is about 3.2%.

Reflecting on my own thoughts regarding Kojamo’s recent developments, I am on a cautiously optimistic track. I believe the deal with Varma was good. Firstly, from a taxpayer’s perspective, it supports the idea that a pension insurance company should invest its assets according to its core competencies in areas where returns are better. When considering the occupancy rate of Varma’s housing portfolio, it is quite clear that managing this was not their core competency. Now they are involved in this business as a shareholder, and that is a good thing. I strongly believe that Kojamo has a clear competitive advantage over Varma in managing a housing portfolio. Management costs, occupancy rates, etc., will improve for that portfolio, although in this size category and market, it may take some time. On Kojamo’s part, the prerequisites for growth in this construction cycle were pretty much frozen. This challenge was now countered with a massive investment, and I think it’s a good move, especially as pension insurance companies shift their strategies elsewhere and Kojamo’s negotiating position was likely quite good. Growth this year and next will likely come from the integration of this portfolio, increasing the occupancy rate, and I believe cost savings are also on the horizon. Perhaps construction will emerge as a clearer growth driver starting from 2028? Regarding the balance sheet, I am quite optimistic. For four years now, Kojamo has recorded losses in its results from fair value measurements—additionally, overvaluation has been dismantled through sales losses. It is true that Kojamo’s cash flow model and its assumptions were ambitious and, at worst, led to inflated results. If I look at my own back-of-the-envelope calculation (attached) regarding the movements in the balance sheet and income statement, the profit/loss from fair value measurements has now returned to somewhere around the level of the first half of 2020. Is the balance sheet healthy now or not? That is a very pertinent question. However, I no longer feel it is in any kind of critical state, even if there is still some overvaluation—the market also takes this into account in the pricing. The deal just made and the indication of financing apparently received for it suggest the same. I believe Kojamo can currently get senior debt at around the 4% level. If I do another back-of-the-envelope calculation: 600 million is financed, and the stabilized annual return on the entire investment is 63 million once the occupancy rate has risen. The ROE rises to 13%, which is already at a good level and could withstand a slightly higher interest margin.

I can’t help but ask how this differs from Citycon, which you apparently still consider sticking with even after the takeover bid? In my opinion, it is indisputable that Kojamo’s apartments are overpriced on the balance sheet relative to their forced liquidation price, just as they are for every real estate investment company. I don’t quite understand why this detail keeps being brought up repeatedly. We shouldn’t care one bit whether the book values are reasonable, but whether the stock price is reasonable relative to the real value. In my view, it is highly exaggerated, even absurd, to say that the value of Kojamo’s residential portfolio is less than the amount of the company’s debt. In practice, you are claiming that in addition to the stock market, the financial market is also valuing the company completely wrong, as the company has still obtained financing on quite reasonable terms (significantly better terms than Citycon, for example). You are also claiming that the “true” yield requirement for a residential portfolio heavily weighted toward Finland’s growth centers would be close to 10%. With all due respect, I recommend reflecting a bit on what triggers these thoughts/feelings regarding Kojamo  Especially when, at the same time, Citycon seems somehow attractive, so it’s not about the industry in general.

I wonder if that is really the right way to evaluate such a large real estate investment company? Put the entire assets up for sale on huutokaupat.com all at once, see what price you get for the apartments, and that would then be the company’s true value? I have a smallish position in Kojamo, picked up at under ten. Just in case, as a return to a feudalistic (no one owns anything, everything is rented) social model seems inevitable. I don’t have the time or energy for direct residential property investment. I evaluate companies more based on their money-making ability than the book value of their assets. Kojamo isn’t exactly good in this respect, but if the world develops in the direction that I imagine, then it will improve.

Kojamo

Kojamo plc Stock Exchange Release, 20 February 2026 at 4.00 p.m. EETStock exchange release: Kojamo's acquisition of a housing portfolio from Varma will be completedKojamo plc announced on 10...

<div class="abstract">Kojamo plc Stock Exchange Release, 20 February 2026 at 4.00 p.m. EET</div>Stock exchange release: Kojamo's acquisition of a housing portfolio from Varma will be completedKojamo plc announced on 10 February 2026 that its wholly owned subsidiary Lumo Kodit will acquire a portfolio of 4,761 apartments from Varma Mutual Pension Insurance Company. The Finnish Competition and Consumer Authority (FCCA) has approved the transaction between the parties in its decision of 19 February 2026. Kojamo and Varma are preparing the closing of the transaction, which will take place on 1 April 2026. Kojamo plc Reima Rytsölä CEO Distribution:Nasdaq Helsinki, Irish Stock Exchange, key mediaKojamo is Finland's largest private residential real estate company and one of the biggest investors in Finland. Our mission is to create better urban housing. Lumo offers environmentally friendly housing and services for the city dweller who appreciates quality and effortlessness. We actively develop the value of our investment properties by developing new properties and our existing property portfolio. We want to be the property market frontrunner and the number one choice for our customers. Kojamo's shares are listed on the official list of Nasdaq Helsinki. For more information, please visit <a href="https://kojamo.fi/en/">https://kojamo.fi/en/</a><div></div>