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
    }
  }
}


ovaro-teki-uuden-rahoitussopimuksen-danske-bankin-kanssa

__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

Analyst

Frans-Mikael Rostedt

Ovaro Kiinteistösijoitus focuses on real estate investments and in particular real estate development, primarily buying, developing and selling offices and land. Ovaro also owns and rents offices and apartments. The company operates in various parts of Finland, but focuses its operations on Finland's growth centers, i.e. university cities and the capital region.

Frans has made a new company report on Ovaro  We are downgrading Ovaro’s recommendation to Reduce (previously Add) and lowering our target price to EUR 3.30 (previously EUR 3.70). The escalation of the Middle East crisis has raised inflation expectations, which has sharply increased interest rates. The rise in interest rates strikes at the core of Ovaro’s strategy, which relies on recycling the balance sheet and initiating new projects. This is particularly emphasized in a very subdued new housing market, which has increased forecast risks for the coming years. A low balance sheet-based valuation (2025 P/B 0.58x) provides security for the stock in the current uncertainty, but we believe that with our changed forecasts, the stock’s expected return will fall below our cost of equity (12%) in the short term.                   Inderes              Ovaro Kiinteistösijoitus: Korkojen nousu iskee strategian ytimeen - Inderes    Korkojen nousu iskee Ovaron strategian ytimeen, joka nojaa taseen kierrättämiseen ja uusien hankkeiden aloittamiseen.

Here are Frans’s comments as Ovaro has acquired a plot in the center of Levi for an approximately 8 million euro real estate development project, which will involve a 12-unit holiday apartment accommodation project.                    Inderes              Ovaro hankki tontin Leviltä 8 MEUR:n majoitushanketta varten - Inderes    Sijainti on erinomainen ja arvioimme hankkeelle olevan hyvää kysyntää.

Here is the company report from Frans following the Q4 results.  Ovaro’s Q4 result was overall in line with our expectations. The uncertainty regarding the Hervanta project materialized, at least for now, but otherwise the project comments were positive. In particular, the significant Teollisuuskatu project in Kuopio looks promising and could start as early as Q2. The company’s guidance points toward earnings growth and was slightly stronger than our expectations. We slightly raised our earnings forecasts. However, predictability is weak in the short term, and earnings development depends heavily on the initiation of projects. With a low valuation (P/B 0.62x) and the potential of the project pipeline, we still see the risk/reward ratio as positive. The expected return is supported by a 4% dividend yield and the option for continuous balance sheet optimization. We reiterate our target price of EUR 3.70 and our Accumulate recommendation.                   Inderes              Ovaro Kiinteistösijoitus Q4'25: Tänä vuonna aika laittaa tasetta töihin ja...    Ohjeistus oli odotuksiamme parempi ja viitoittaa hankkeiden käynnistymisiä.

A question for management and the board: at these levels, wouldn’t it be better to initiate a share buyback program rather than paying out dividends?

Frans interviewed Ovaro CEO Marko Huttunen regarding Q4                    Inderes              Ovaro Q4'25: Haasteita Hervannan hoivahankkeen kanssa - Inderes    Aika: 26.02.2026 klo 15.49 Ovaron tulos jäi tavoiteltua matalammalle tasolle viime vuonna, mutta mittava hankeputki antaa tukea tuleville vuosille.                             Topics: 00:00 Introduction  00:16 Highlights of the end of the year and the full year 2025  01:57 Large one-off items in Q4  03:11 Acquisition of the Kukkula land area in Jyväskylä  04:07 Challenges in Hervanta  05:03 Dividend proposal  06:16 Market situation in terms of sales  07:18 Guidance  08:18 Key projects in 2026  09:14 The major Kukkula project in Jyväskylä  10:38 Residential project in Kerava

Here are Frans’s preview comments as Ovaro releases its Q4 results on Thursday, Feb 26.  We forecast the earnings level to rise to a fairly good level due to a positive fair value change of the land area in the Jyväskylä Kukkula project, although we expect a negative fair value change for the rest of the real estate portfolio. We anticipate the company will guide for stable earnings performance. In 2026, it is critical for the company to launch new projects from its pipeline and create the conditions for starting new construction in the Jyväskylä Kukkula project. We expect a dividend proposal of EUR 0.13.                   Inderes              Ovaro Kiinteistösijoitus Q4'25 -ennakko: Arvonmuutoksista myötä- ja...    Ennustamme Q4:ltä 0,07 euron EPS:ä ja 0,13 euron osinkoehdotusta.

Here are Frans’s comments as Ovaro sold its Jyväskylä hotel property for 3.05 million euros.                    Inderes              Ovaro myi hotellikiinteistön noin 3 MEUR:lla hieman yli tasearvon - Inderes    Kiinteistömyynti vapauttaa pääomaa muihin investointeihin.

Ovaro Kiinteistösijoitus

Järjestely mahdollistaa lähiaikojen kiinteistöinvestoinnit.

<p>Ovaro <a href="https://www.inderes.fi/releases/ovaro-kiinteistosijoitus-oyj-on-sopinut-122-meuro-suuruisesta-kiinteistojen-uudelleenrahoituksesta-danske-bank-oyn-kanssa">tiedotti</a> uudesta 12,2 miljoonan euron rahoitusj&#xe4;rjestelyst&#xe4; Danske Bankin kanssa. J&#xe4;rjestelyn yhteydess&#xe4; yhti&#xf6; maksaa pois noin 7,3 miljoonan euron nykyiset pankkilainansa ja nostaa uutta lainaa 4,9 miljoonaa euroa. T&#xe4;m&#xe4; kasvattaa yhti&#xf6;n likvidej&#xe4; varoja vastaavalla summalla. J&#xe4;rjestely vahvistaa yhti&#xf6;n likviditeetti&#xe4; ja parantaa sen valmiuksia tulevien kiinteist&#xf6;investointien rahoittamiseen. Yhti&#xf6;ll&#xe4; oli edelleen tarvetta lis&#xe4;likviditeetille l&#xe4;hiajan investointeja silm&#xe4;ll&#xe4; pit&#xe4;en, ja likviditeetti on nyt arviomme mukaan riitt&#xe4;v&#xe4; Jyv&#xe4;skyl&#xe4;n Kukkulan maa-alueen 13,5 miljoonan euron kauppahinnan maksamiseen. Uutinen on positiivinen merkki Ovaron rahoitettavuudesta, erityisesti kun otetaan huomioon pankkirahoituksen kireys kiinteist&#xf6;kehitysyhti&#xf6;ille t&#xe4;ll&#xe4; hetkell&#xe4;.</p>

	2024	25e	26e
Revenue	5.3	4.2	10.6
growth-%	-6.1 %	-19.8 %	151.2 %
EBIT (adj.)	-0.5	5.3	5.7
EBIT-% (adj.)	-8.9 %	126.1 %	53.8 %
EPS (adj.)	0.07	0.25	0.41
Dividend	0.00	0.00	0.00
Dividend %
P/E (adj.)	48.6	12.8	7.7
EV/EBITDA	neg.	11.6	13.3

Ovaro teki uuden rahoitussopimuksen Danske Bankin kanssa

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Key Estimate Figures22.08.2025

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