Outlook and strategic targets
Kojamo’s outlook for 2024
According to the Kojamo plc’s Interim Report 1 January – 30 September 2024
Kojamo estimates that in 2024, the Group’s total revenue will increase by 2–4 per cent year-on-year. In addition, Kojamo estimates that the Group’s FFO for 2024 will amount to between EUR 142–152 million, excluding non-recurring costs.
The outlook is based on the management’s assessment of total revenue, property maintenance expenses and repairs, administrative expenses, financial expenses and taxes to be paid as well as the management’s view on future developments in the operating environment.
The outlook takes into account the estimated occupancy rate and rises in rents. The outlook does not take into account the impact of potential acquisitions or disposals on total revenue and FFO.
The management can influence total revenue and FFO through the company’s business operations. In contrast, the management has no influence over market trends, the regulatory environment or the competitive landscape.
Strategic targets
| Strategic targets | 1-9/ 2024 | 2023 | 2022 | 2021 | 2020 | Target |
| Annual growth of total revenue, % | 3.1 | 7.0 | 5.5 | 2.0 | 2.3 | 4–5 |
| Annual investments, M€ | 21.6 | 190.7 | 501.6 | 356.9 | 371.2 | 200–400 |
| FFO/total revenue, % | 33.6 | 37.8 | 38.9 | 39.1 | 39.5 | > 36 |
| Loan to Value (LTV), % | 44.7 | 44.6 | 43.7 | 37.7 | 41.4 | < 50 |
| Equity ratio, % | 43.1 | 44.5 | 45.3 | 49.0 | 45.6 | > 40 |
| Net Promoter Score (NPS)* | 54 | 50 | 45 | 20 | 36 | 40 |
Strategic targets until 2020
| FINANCIAL TARGETS | Actual 2019 | Actual 2018 | Actual 2017 | Actual 2016 | Actual 2015 |
| Equity ratio over 40% | 46.9% | 43.0% | 41.3% | 40.7% | 41.1% |
| Loan to Value (LTV) less than 50% | 40.5% | 45.9% | 46.0% | 47.1% | 39.8% |
| Funds from Operations (FFO) over 32% of total revenue | 37.5% | 32.4% | 32.0% | 31.9% | 34.9% |
| OPERATING TARGETS | Actual 2019 | Actual 2018 | Actual 2017 | Actual 2016 | Actual 2015 |
| Fair value of investment property portfolio EUR 6 billion | 5.1 | 5.1 | 4.7 | 4.3 | 4.0 |
| Number of apartments appr. 38,000 | 35,272 | 34,713 | 34,383 | 34,974 | 41,153 |
| Net Promoter Score: 40 | 33 | 35 |
Page updated 7 November 2024