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Asuntosalkku

80.00 EUR

0.00 %

Less than 1K followers

ASUNTO

First North Finland

Real Estate Management & Development

Real Estate

Overview

Financials & Estimates

Ownership

Dividend

0.00 %

-2.44 %

0.00 %

-2.44 %

-3.03 %

+6.67 %

-15.79 %

-

-43.26 %

Asuntosalkku operates in the real estate sector. The company invests in real estate and has a portfolio of apartments located in Helsinki, Finland and Tallinn, Estonia. The homes are mainly residential and rental apartments. The main operations are in the Nordic and Baltic countries. Asuntosalkku was founded in 2018 and is headquartered in Helsinki.

Market cap

77.6M EUR

Turnover

3.45K EUR

P/E (adj.) (26e)

EV/EBIT (adj.) (26e)

P/B (26e)

EV/S (26e)

Dividend yield-% (26e)

Coverage

Recommendation

Accumulate

Target price

Updated

26.02.2026

Frans-Mikael Rostedt

Analyst

Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar

21.5.

2026

Interim report Q2'26

20.8.

2026

Business review Q3'26

Risk

Business risk

Valuation risk

Low

High

Forum discussions

Hi! I have covered this relatively extensively in the extensive report, which I last updated in May 2025. Finland’s repair debt was also discussed in the previous CEO interview video. It is difficult to get a more precise handle on the repair debt due to individual apartments, and...

2/27/2026, 9:27 AM

by Frans-Mikael Rostedt

6

The portion of the Tallinn loan maturing in 2028 has been extended to 2030. This accounted for approximately 15% of the Tallinn loans, or about 9 MEUR. Now, the maturity dates for all Tallinn loans are in the 2030s. Asuntosalkku – 9 Mar 26 Asuntosalkun Tallinnan yhtiölle lainan pidennys...

3/9/2026, 4:24 PM

by Frans-Mikael Rostedt

4

The business review mentioned, among other things, that net rental yields were affected by a higher amount of financial charges. Personally, I would assume that housing companies undergo renovations from time to time, and these result in financial charges. If those figures are correct...

2/27/2026, 1:50 PM

by investori86

3

Apologies for the delayed response. The net yield level has been calculated by deducting operating expenses and minor repairs from gross rents, i.e., before major renovations. In the determination of the portfolio’s fair value, renovation costs have been taken into account in the...

3/3/2026, 1:48 PM

by Frans-Mikael Rostedt

2

At least in the Helsinki Metropolitan Area, a comprehensive MEP (HVAC and electrical) renovation often costs between €1,000 and €1,500/m2. Surprisingly—depending on the location, of course—sometimes less than half of this is reflected in the market value. Unfortunately, I don’t have...

2/27/2026, 3:19 PM

by bluechip

2

I agree that the yield level will remain quite low for the next few years. The residential investor’s equation is indeed quite poor if prices fall. However, I am clearly somewhat more optimistic about the future of the Finnish portfolio than you, even though I am more pessimistic...

2/27/2026, 2:11 PM

by Frans-Mikael Rostedt

2

Jaakko Sinnemaa said in an interview that housing company renovations cost 1% per year in the long term. As I understand it, Asuntosalkku pays off the apartment-specific share of the debt after renovations and finances it with its own loan. This means Asuntosalkku only pays the maintenance...

2/27/2026, 12:10 PM

by TheJusa

2

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