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 House's Q3 report was the first since the divestment of the Apitare JV, of which Investors House owned two-thirds. The Q3 results were somewhat better than we expected. Both the Real Estate and Services segments performed better than we anticipated...
Investors House reported Q3 revenues of EUR 1.4m, in line with our estimate. NOI was EUR 0.6m, down from EUR 1.3m y/y and 42% above our estimate. It is worth noting that the sale of Apitaire is behind the significant decline. Adjusted group EBIT was ...
Investors House's Q2 report was overshadowed by the announcement that the board will propose an extra dividend of EUR 3.14 per share (~50% of total equity), corresponding to a dividend yield of ~40%. The dividend is partly enabled by the very successful...
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Investors House reported Q2 revenues of EUR 2.7m, 15% below our estimate. NOI was EUR 1.4m, down from EUR 1.9m y/y and 15% below our estimate. Adjusted group EBIT was EUR 1.1m, 19% below our EUR 1.4m estimate. The Real Estate division’s EBIT excluding...
Investors House has sold its 2/3 stake in JV Apitare to Nordisk Renting Oy and the minority owner Ovaro also sells its 1/3 holding to the buyer. The debt-free price is EUR 60m for the 17,600m2 premises, which are currently leased to the Wellbeing Services...
Investors House's Q1 report was solid, with Real Estate posting slightly better results than we estimated, while the Services segment remained weaker than the company's targets. Nearly two-thirds of the Real Estate division's income derives from public...
Investors House reported Q1 revenues of EUR 2.7m, 4% below our estimate. NOI was EUR 1.1m, up from EUR 0.2m y/y and 1% below our estimate. Adjusted group EBIT was EUR 0.85m, 1% below our EUR 0.86m estimate. The Real Estate division’s EBIT was EUR 1.1m...
In our view, earnings will become more stable, as the company seems satisfied with its structure after multiple acquisitions and disposals in recent years, as well as considering that more than 50% of the Real Estate division's income will derive from...
Investors House reported Q4 revenues of EUR 2.8m, 7% above our estimate. NOI was EUR 1.6m, up from EUR 0.6m y/y and 11% above our estimate. The dividend proposal for 2024 is EUR 0.35 per share, as we expected, and marks the tenth consecutive year of ...
Investors House reported Q3 2024 revenue of EUR 2.4m, 10% below our estimate, while net operating income beat our forecast by 18%. The Services segment posted weaker sales and EBIT than we expected – EBIT was EUR -0.1m versus EUR +0.1m a year ago. Reported...
Investors House reported Q3 revenues of EUR 2.4m, 10% below our EUR 2.7m estimate. Net operating income was EUR 1.3m, which was up from EUR 0.5m y/y but below our EUR 1.6m estimate. Real Estate division posted EUR 1.8m in sales versus our EUR 1.9m estimate...
Investors House reported Q2 2024 revenue of EUR 3.1m, 18% above our estimate, while net operating income beat our forecast by 32%. The beat was largely explained by a EUR ~0.4m performance-based compensation in the Service segment, but underlying performance...
Investors House reported Q2 revenues of EUR 3.1m, 18% above our EUR 2.6m estimate. Net operating income was EUR 1.9m, which was up from EUR 0.6m y/y and above our EUR 1.4m estimate. Real Estate division posted EUR 1.9m in sales versus our EUR 1.8m estimate...
Investors House announced today that it has divested its 1/3 stake in Jyväskylän Kukkulan Kehitys Oy (JKK) to its JV partner Ovaro for EUR 5m. Additionally, JKK will pay back a loan of EUR 3m to Investors House in 2024. The gain from the sale will be...
Investors House reported Q1 2024 revenue of EUR 1.6m, 4% below our estimate, while net operating income beat our forecast by 24%. The reported numbers will change materially from Q2 because the company consolidated Apitare, the former minority-stake ...
Investors House reported Q1 revenues of EUR 1.6m, 4% below our 1.7m estimate. Net operating income was EUR 0.2m, which was up from EUR 0.1m y/y and above our EUR 0.1m estimate. Real Estate division posted 4% sales growth, in line with our estimate, with...
Investors House reported Q4 2023 revenue of EUR 1.8m, the same as our estimate, while adjusted EBIT of EUR 1.6m (including associated companies) beat our forecast by 61%. Associated companies fared better than we expected, whereas Services profitability...
Investors House reported Q4 revenues of EUR 1.8m, in line with our estimate. Net operating income was EUR 0.6m, which was down 15% y/y and 32% below our estimate. The dividend proposal is EUR 0.33 per share, as we expected. Real Estate division posted...
Investors House reported Q3 2023 revenue of EUR 1.6m, 8% below our estimate, while adjusted EBIT of EUR 0.8m (including associated companies) was 6% below our estimate. Associated companies fared better than we expected while Services profitability remained...
Investors House reported Q3 revenues of EUR 1.6m, 8% below our estimate. Net operating income was EUR 0.5m, which was down 42% y/y and 42% below our estimate. Real Estate division posted virtually flat sales y/y with net operating income down 38% y/y...
