Lumo Kodit Oyj (KOJAF) Q2 2026 Earnings Call Transcript

SA Transcripts 161.8K Followers Follow Lumo Kodit Oyj ( KOJAF ) Q2 2026 Earnings Call August 13, 2026 3:00 AM EDT Company Participants Niina Saarto - Director of Group Treasury & Investor Relations Reima Rytsola - President & CEO Antti Syvanen - Interim CFO and Director of Finance & Business Controlling Conference Call Participants Robert Phillips Anssi Raussi - SEB, Research Division John Vuong - Kempen & Co. N.V., Research Division Svante Krokfors - Nordea Markets, Research Division Presentation Niina Saarto Director of Group Treasury & Investor Relations Good morning all, and welcome to Lumo Homes Half Year Results Webcast. I'm Niina Saarto. I'm Treasury and Investor Relations Director. Soon, we will hear the Q2 results. Our CEO, Reima Rytsola, giving also an update on the market as well as on the acquired portfolios leasing and how the integration to our platform has started. Then Interim CFO, Antti Syvanen, continues with financial development and outlook. Q&A follows the presentation, and there, we welcome both live questions and chat questions. So now we can start with the presentation. Reima Rytsola President & CEO Very good morning on behalf of myself as well, and welcome to this Lumo Q2 earnings release webcast. We had actually a strong quarter behind us and all the total revenue, net rental income and FFO grew strongly in second quarter. All in all, the kind of market conditions seem to improve, and I come back on a later stage a little bit more detailed on the market conditions. Our occupancy rate grew from last year's comparison point, even though the -- we acquired on 1st of April, the portfolio of 4,761 apartments, which occupancy was much lower, 83% on the date of 1st of April. But already during Q2, we managed to raise the occupancy from 83% to 89% on this acquired portfolio, and it was truly a success and the development has continued in very favorable terms since the