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Investors House operates in the real estate industry. The investments are mainly found in larger commercial properties around the Finnish market, with a focus on growing university cities. In addition to direct ownership and management, the properties are also leased to various tenants. Operations are held in the Finnish market and the head office is located in Helsinki.
Investors Houses Q2-regnskab var stort set i overensstemmelse med vores forventninger. Omsætningen og resultatet faldt som forventet markant, drevet af et betydeligt salg af ejendomsporteføljen. Det absolut lave resultat overgik dog en smule vores forventninger. Indeværende år er et år med strukturelle ændringer for selskabet efter salget af fondsvirksomheden og annulleringen af udskillelsesplanen. Selskabet planlægger vækstinvesteringer i begge segmenter i slutningen af dette år/næste år, og succesen af disse er central for investeringscasen. Aktiens værdiansættelse (Q2’26 P/B 1,25x, udbytteafkast ~4 %) er efter vores mening stadig stram i forhold til den reducerede forretningsaktivitet.
Investors House's Q2 report was broadly in line with our expectations, with the Real Estate segment slightly weaker than we expected. However, the good profitability for the Services segment was a clear positive, as the segment's performance has been...
Investors House reported Q2 revenues of EUR 1.4m, 3% below our estimate. NOI was EUR 0.7m, down from EUR 1.4m y/y and 8% below our estimate of EUR 0.8m. It is worth noting that the sale of JV Apitaire in 2025 is behind the significant sales and earnings...
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Ejendomssalget trak som forventet omsætningen ned, men nettoindtægterne oversteg vores estimater en smule. Selskabet undersøger aktivt nye investeringer i løbet af resten af året.
Investors House's Q1 report was burdened by one-off costs, and both the Real Estate and Services segments' operative results were weaker than we expected. It is worth noting that the clear decline in sales and EBIT y/y is a result of the divestment of...
Investors Houses Q1 resultat var svagere end vores forventninger på grund af et trægt Services-segment. Ejendomssegmentet klarede sig derimod lidt bedre end forventet. Indeværende år er et år med strukturelle ændringer for selskabet, da den nye administrerende direktør, Jukka Akselin, tiltræder, efter salget af fondsforretningen og annulleringen af udskillelsesplanen. Selskabet planlægger vækstinvesteringer i begge segmenter i slutningen af indeværende år/næste år, og succesen af disse er central for investeringscasen.
Investors House reported Q1 revenues of EUR 1.5m, 11% below our estimate. NOI was EUR 0.2m, down from EUR 1.1m y/y and below our estimate of EUR 0.5m. It is worth noting that the sale of JV Apitaire in 2025 is behind the significant sales and earnings...
Investors House announced three separate changes today. First, the company will sharpen its focus and will sell its Fund business for EUR 0.9m, which equals the book value of the business. We view the sales of the Fund business as rather neutral, and...
Investors House's Q4 report was solid, with the Services segment surprising positively, while the Real Estate segment was broadly in line with our expectations. The company has successfully implemented cost reductions in Services, and Q4 was boosted ...
Investors House reported Q4 revenues of EUR 1.8m, 9% above our estimate. NOI was EUR 0.8m, down from EUR 1.6m y/y and 29% above our estimate. It is worth noting that the sale of Apitaire is behind the significant decline y/y. Adjusted group EBIT was ...
