Feb 11 • 06:20 UTC 🇫🇮 Finland Iltalehti

Real Estate Investor Kojamo Surfaces – Returns to Dividend Payments

Kojamo, Finland's largest private real estate investor, has announced a dividend payout as it recovers from a difficult period in the housing market.

Kojamo, a prominent private real estate investor in Finland, has experienced a turnaround after facing challenges in the housing market. In its recent financial statement, the company announced a proposal for a dividend of €0.11 per share, marking its return to issuing dividends after not paying any for the years 2023 and 2024 due to market conditions. The last dividend paid was €0.39 per share in 2022, highlighting the significance of this recent announcement for investors and stakeholders.

The company's revenues increased by 0.6% last year, reaching €455.2 million, while net rental income grew by 1.6% to €307.7 million, suggesting a gradual recovery in its financial performance. Despite facing setbacks, such as a reduction in the fair value of investment properties from €8.0 billion to €7.6 billion and a decrease in the number of rental apartments owned by Kojamo, the company is taking steps to stabilize and improve its standing in the market. The CEO's commitment to the Helsinki metropolitan area signals a strategic focus on key developments in urban real estate.

As of the end of the fiscal year, Kojamo owned nearly 39,000 rental properties, a small decrease from the previous year. There were no new apartments completed during the year, but sales increased significantly with over 2,000 units sold. With 119 Lumo apartments still under construction, the company is poised to develop its portfolio further. This announcement symbolizes a critical step toward restoring investor confidence and marks a significant milestone for Kojamo's future in the industry.

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