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Lumo Kodit (LUMO) investor relations material
Lumo Kodit Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Jan–Sep revenue, net rental income and FFO grew YoY, supported by the April acquisition and improved occupancy; higher property yields drove a pre-tax loss.
Financial occupancy was 95.5% for Jan–Sep and 96.4% in Q3; the acquired portfolio reached 96.8% at September-end.
2026 guidance was unchanged: revenue of €488–493M and FFO of €147–152M excluding non-recurring costs.
Financial highlights
Jan–Sep revenue was €363.1M, up 5.7% YoY; Q3 revenue was €127.3M, up 12.0%.
Jan–Sep net rental income rose 6.8% to €247.5M; Q3 was €95.9M, up 11.5%.
Jan–Sep FFO increased 4.6% to €110.9M, with FFO/share unchanged at €0.43; Q3 FFO was €46.1M, up 4.7%.
Jan–Sep pre-tax loss was €25.0M vs €9.1M profit; the €148.1M property fair-value loss was partly offset by pre-tax profit excluding fair-value changes of €123.0M.
Outlook and guidance
2026 revenue guidance remains €488–493M and FFO guidance €147–152M excluding non-recurring costs.
Guidance reflects expected occupancy, rents, maintenance, administration, financing costs and taxes; it excludes potential future acquisitions and disposals.
2026–2028 targets include 5–7% average annual revenue growth, 3–5% average annual FFO/share growth, NPS above 65 and LTV below 45%.
- Strong H1 2026 growth in revenue and FFO, driven by acquisitions and high occupancy.LUMO
Q2 2026 - Revenue and FFO declined, but occupancy and like-for-like rental income improved.LUMO
Q1 2026 - Customer-centric growth, digitalization, AI, and sustainability define the unified strategy.LUMO
CMD 2026 - Revenue and occupancy rose, FFO fell, and a €900M portfolio acquisition is set for 2026.LUMO
Q4 2025 - Revenue and occupancy up, FFO down, major asset sale and buyback amid market oversupply.LUMO
Q2 2025 - Revenue and net rental income rose, but FFO and investments declined; liquidity remains strong.LUMO
Q3 2024 - Revenue up, but FFO and profit down as costs rise and oversupply persists.LUMO
Q2 2024 - Revenue and occupancy rose, but FFO fell on higher costs; liquidity and outlook remain strong.LUMO
Q1 2025 - Revenue up, FFO down; investments and dividends cut to maintain financial stability.LUMO
Q4 2024
Next Lumo Kodit earnings date
Next Lumo Kodit earnings date
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