Buy Signal on Kojamo (KOJAMO-FI)

We had an Enter Long signal on May 20th 2021, triggered by our system on Kojamo-FI, Kojamo the Finish Reits.

Kojamo is a € 4.4 Bn market cap and specializes in the ownership and management of residential property assets located in Finland. The group's activity is organized around 2 areas:

1/ rental of apartments: ownership, of 35,272 apartments divided by brand between Lumo (34,677) and VVO (595);

2/ property development.

At the end of 2020, the portfolio amounted to € 6,9 Bn at market value.

Kojomo considers pandemic does not have a long term impact on the rental market as urbanisation, decreasing average household size and demand focusing on central locations support the demand for rental apartments in Finland.

Kojamo estimates that in 2021, the Group’s total revenue will increase by 3–5 % yoy. In addition, Kojamo estimates that the Group’s Funds For Operations for 2021 will amount to between €150–163 million, excluding non-recurring items.

Kojamo currently have 2600 appartments under construction in central locations in the Helsinki region.

The stock currently offers a dividend yield of 2.2%.

Short term catalyst : Urbanization trend acceleration after lockdown lifting.

This signal looks consistent with the European Property sector in Major Bullish Trend.