Asuntosalkku
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Asuntosalkku (ASUNTO) investor relations material

Asuntosalkku Q1 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q1 2026 earnings summary25 Feb, 2026

Executive summary

  • Profit improved due to lower financing costs and strong core business performance, with a high occupancy rate maintained at 97.1% as of December 31, 2025.

  • Sales of apartments in Tallinn continued to generate significant capital gains, with sales prices exceeding valuation levels.

  • Share buyback program continued, capitalizing on the market price being below book value per share.

Financial highlights

  • Revenue for the quarter was €4.7 million, down 0.3% year-over-year; net rental income was €2.8 million, down 2.7%.

  • Realized profit for the quarter was €0.7 million, up 33.1% year-over-year, mainly due to lower financing costs.

  • Earnings per share for the quarter were €0.27, up 588.5% from €0.04 a year earlier.

  • Number of completed apartments at period end was 2,066, with no apartments under construction.

Outlook and guidance

  • Revenue for the fiscal year ending September 30, 2026, is expected to be €17.5–20.0 million.

  • Realized profit for the same period is forecast at €2.5–4.5 million.

  • Guidance assumes stable occupancy and net rental income, with continued successful portfolio development in Tallinn.

  • Uncertainties include European economic outlook, changes in Finnish housing support, Tallinn and Finnish housing market trends, interest rate changes, and geopolitical risks.

Tallinn sales strategy: portfolio size target
Net rental income: cost control actions
Share buyback program: scale and duration
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