Outlook and strategic targets
Kojamo’s outlook for 2022
As stated in the Kojamo plc’s Interim Report 1 January–31 March 2022
Kojamo estimates that in 2022, the Group’s total revenue will increase by 3–6 per cent year-on-year. In addition, Kojamo estimates that the Group’s FFO for 2022 will amount to between EUR 153–165 million, excluding non-recurring costs.
The outlook is based on the management’s assessment of total revenue, property maintenance costs and repairs, administrative expenses, financial expenses, taxes to be paid and new development to be completed, 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 as well as the number of apartments to be completed. 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 COVID-19 restrictions, market trends, the regulatory environment or the competitive landscape.
Strategic targets 2020–2023
| Strategic targets 2020–2023 | 1-3/2022 | 2021 | 2020 | Target |
| Annual growth of total revenue, % | 2.4 | 2.0 | 2.3 | 4–5 |
| Annual investments, M€ | 48.9 | 356.9 | 371.2 | 200–400 |
| FFO/total revenue, % | 29.1 | 39.1 | 39.5 | > 36 |
| Loan to Value (LTV), % | 37.4 | 37.7 | 41.4 | < 50 |
| Equity ratio, % | 46.9 | 49.0 | 45.6 | > 40 |
| Net Promoter Score (NPS)* | 38 | 20 | 36 | 40 |
years 2021 and 2020 have not been adjusted to reflect the current calculation method. Actual 1-3/2022 calculated with old method does not
significantly deviate from Q4/2021 actual.
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 12 May 2022