Kojamo Plc (KOJAF) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

I'm Niina Sartoen from Investor Relations. Today we have two presenters. We have CEO Reema Rytselä and we have CFO Erik Hjalt. We will first present last year's result and the outlook for this year. But then we have interesting news we want to share. We have after the review period announced that we will acquire a big housing portfolio and shortly we will tell you more on that. Additionally, this morning we announced updated strategy and financial targets for years 26 to 28. We will also present these briefly today. So lots of topics coming. We have a Q&A after the presentation and we take both live questions and questions via chat. I believe we can now start the presentation. Thank you, Niina, and very good morning on behalf of me as well. We have had very exciting 24 hours here in Kojamo, and happy to tell you the latest news as well. But we start with the Q4 and the whole year 25 results. I think it's fair to say that we had a strong quarter behind us, the last quarter of 25. and the kind of total revenue and net rental income grew in a year 25. FFO decreased the whole year due to higher financial costs, but for example Q4 FFO was already increasing. Our balance sheet is still strong and that enabled us as well to enter the transaction market, which we did tell you yesterday evening and tell you more about later this morning. But I would say that the key highlight of last year in Kojamo was definitely the very good development of occupancy rate, and the last quarter occupancy even rose to 96.3, even though the seasonal effect is always a bit of a kind of a burden in rental market as a last quarter of the year. Our like-for-like rental income also turned clearly positive, 2.6 percent. We have previously communicated that it's a very backward-looking indicator, and ...