Asuntosalkku (ASUNTO) Q1 2026 earnings summary

Executive summary

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

• Revenue remained stable at €4.7 million year-over-year.

• Portfolio consists of carefully selected small apartments in growth centers, focusing on affordable total rents.

• Strong position in Tallinn with successful property sales above valuation levels, generating significant capital gains.

• Share buyback program continued, capitalizing on market price 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 from €0.04 a year earlier.

• Adjusted equity per share was €121.48.

• Economic occupancy rate reached 97.1%.

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.

• Continued share buyback program in line with strategy.

• Ongoing focus on optimizing rental and portfolio structure by country.

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