contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  tags {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
      researchContentUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    name
    pageUrl
    defaultInstrument {
      priceData {
        tradeCurrency
      }
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
    id
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

Kojamo is active in the real estate industry. The company specializes in property development and acquires, develops, and invests in properties around the Finnish domestic market. The vision is to offer housing solutions that are rented out to customers in growing Finnish cities. In addition to the main business, various web portals are also offered for renting out homes. The head office is located in Helsinki.

Now, €700 million has evaporated from the market value during the new CEO’s tenure. Insiders still haven’t bought the stock.

Reima has now been the CEO for about 300 days. During this time, the market value has decreased by approximately 600 million euros, which means an average of 2 million euros per day. The preparation and presentation of this investment-frenzied strategy have proven to be expensive. Insiders still haven’t bought any shares.

Nice that you interviewed the CEO of Lumo as well. If only you could get the company as an analysis client…

Lumo Kodit CEO Reima Rytsölä was interviewed by Frans at CMD   Lumo Kodit (formerly Kojamo) held a Capital Markets Day today. The company purchased a bulk of properties from Varma and changed its name to Lumo Kodit. Lumo Kodit CEO Reima Rytsölä in an inderesTV interview.                Topics: 00:00 Start 00:17 Lumo Kodit’s strategy 00:55 How will the targets be achieved? 02:44 Where do Lumo Kodit’s revenue streams come from? 04:01 Could there be more debt? 05:13 Weak market vs. own actions? 06:38 Residential portfolio purchased from Varma 08:33 Profit distribution 10:05 New developments 11:18 Share buybacks

It could also be that the stock is not undervalued in their own calculations and therefore not worth buying.

In my opinion, Kojamo is priced very cheaply and is the best way to gain exposure to the Finnish housing market. The only thing that frustrates me about the company is the diverging interests of management and owners. A shareholder’s only interest is value growth, but management—especially the CEO—may have different interests. This is illustrated by the current situation where, at a 0.5x P/EPRA NAV valuation, they are not buying back shares, even though it would be a far superior investment. The CEO prefers to push through acquisitions of new properties with much lower yield requirements. Furthermore, they are paying dividends, which makes absolutely no sense. So, why does this happen? Because it’s easy for the CEO to be a “good guy” by buying apartments from old colleagues and getting financing from the city’s bankers. And of course, you make good friends with advisors through these “vanity deals.” This is how you secure nice board seats for the later stages of your career. And naturally, the compensation schemes also drive the wrong results when they are tied to revenue, cash flow per share, and emission reductions. Common sense, where are you? Why isn’t total shareholder return the (only) metric for compensation? All of the above could be proven wrong if the CEO were to buy a significant amount of shares himself. But he hasn’t bothered yet.

That’s exactly what I’ve been thinking myself. Just under 10 percent of all my investments make up my “real estate branch”, within which Kojamo plays a central role with a share of just under 40 percent. The rest are currently Asuntosalkku, Toivo Group, and Ovaro.

Lumo Kodit

Lumo Homes plc Stock Exchange Release, 31 March 2026 at 10:00 a.m. EESTLumo Homes plc: Managers' TransactionsPerson subject to the notification requirementName: Erik HjeltPosition: Chief Financial...

<div class="abstract">Lumo Homes plc Stock Exchange Release, 31 March 2026 at 10:00 a.m. EEST</div>Lumo Homes plc: Managers' TransactionsPerson subject to the notification requirementName: Erik HjeltPosition: Chief Financial OfficerIssuer: Lumo Homes plcLEI: 7437007YPUOQZ8OV1R42Notification type: INITIAL NOTIFICATIONReference number: 149737/4/8____________________________________________Transaction date: 2026-03-30Venue: NASDAQ HELSINKI LTD (XHEL)Instrument type: SHAREISIN: FI4000312251Nature of transaction: RECEIPT OF A SHARE-BASED INCENTIVE Transaction details(1): Volume: 4866 Unit price: 0 EUR Aggregated transactions (1): Volume: 4866 Volume weighted average price: 0 EUR &nbsp;For more information, please contactErik Hjelt, Interim CEO, Lumo Homes plc, tel. +358 20 508 3225, <a href="mailto:erik.hjelt@kojamo.fi">erik.hjelt@lumo.fi</a>DistributionNasdaq HelsinkiLumo Homes plc is Finland's largest residential real estate company and a bold innovator in urban living. Our homes are located in the largest growth centres, with excellent transport connections and diverse services nearby. We invest in sustainable, modern and digital solutions that make life in a rental home smooth and flexible. We create better urban living by delivering the best customer experience. Lumo - simply the right home. Lumo Homes plc's shares are listed on the official list of Nasdaq Helsinki. For more information: <a href="https://yritys.lumo.fi/en">https://yritys.lumo.fi/en</a><div></div>