Insider information: Kojamo lowers its outlook for 2025 due to the sales of residential properties

Background for the outlook change Background for the outlook change Kojamo has completed the sale of 44 rental housing properties which covers 1,944 apartments from eight different municipalities acrossFinland. The completion of the sales was announced earlier today. The transaction is estimated to decrease Kojamo's total revenue in 2025 by approximatelyEUR 9.2 millionand FFO by approximatelyEUR 2.9 million. The sale price is approximately 10 per cent below the balance sheet...

HELSINKI, 31/07/2025 (informazione.news - comunicati stampa - servizi)

Kojamo has completed the sale of 44 rental housing properties which covers 1,944 apartments from eight different municipalities across Finland . The completion of the sales was announced earlier today.

The transaction is estimated to decrease Kojamo's total revenue in 2025 by approximately EUR 9.2 million and FFO by approximately EUR 2.9 million . The sale price is approximately 10 per cent below the balance sheet value for 2024. The company estimates that the transaction does not have an impact on the fair values of the remaining investment properties. The impact on the occupancy rate is estimated to be marginal. The transaction will result in approximately EUR 25 million in taxes, payable in January 2026 .

The sale of these non-strategic properties is aligned with Kojamo's goals for the current year.

Kojamo estimates that in 2025, the Group's total revenue will increase by 0-2 per cent year-on-year. In addition, Kojamo estimates that the Group's FFO for 2025 will amount to between EUR 135 -141 million, excluding non-recurring costs.

The outlook takes into account the estimated occupancy rate and development of rents. The total revenue and FFO outlook also takes into account the impacts of disposal of the 44 residential properties, but it does not take into account the impact of potential future acquisitions or disposals. The outlook does not take into account the taxes resulting from the transaction.

Kojamo estimates that in 2025, the Group's total revenue will increase by 1-4 per cent year-on-year. In addition, Kojamo estimates that the Group's FFO for 2025 will amount to between EUR 135 -145 million, excluding non-recurring costs.

The outlook takes into account the estimated occupancy rate and development of rents. The outlook does not take into account the impact of potential acquisitions or disposals on total revenue and FFO.

, CEO, Kojamo plc, tel. +358 20 508 5077, reima.rytsola@kojamo.fi

, CFO, Kojamo plc, tel. +358 20 508 3225, erik.hjelt@kojamo.fi

Nasdaq Helsinki , key media

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