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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.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.
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