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
  createdAt
  changedAt
  isPremium
  authors {
    __typename
    name
    pageUrl
    id
  }
  companies {
    name
    id
  }
  tags {
    name
    id
  }
  ... 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
    }
  }
}


__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

changedAt

Toivo Group operates in the real estate industry. The company develops and manages a wide range of property portfolios. The vision is to own the properties in the long term with a focus on management and further development, where renovation and reconstruction account for the majority of the business. In addition to the main business, support and technical maintenance are offered. The largest share of the real estate investments is found in the Nordic market.

Toivo has signed the purchase agreements and initiated a EUR 10.5 million residential project. This is the last and significant piece of the EUR 42 million portfolio made/sold to Nuveen. This is one indication that even in the current market, it is possible to build new production for investment apartments, but only the most attractive properties are launched. The project will be completed in early 2027. This was already included in our forecasts and does not cause forecast change pressures. A good sign that we were able to launch it now amidst the global turmoil.                   Inderes              Toivo Group Oyj on allekirjoittanut kauppakirjat ja aloittanut noin 10,5...    Lehdistötiedote 8.4.2026 kello 16:00Toivo Group Oyj (”Toivo” tai ”Yhtiö”) on allekirjoittanut kauppakirjat ja aloittanut noin 10,5 miljoonan euron asuntorakennuskohteen Espooseen. Hanke on viimeinen...

The CFO sold over a quarter of his stake:                   Inderes              Toivo Group Oyj - Johdon liiketoimet – Lauri Rekola – 18.3.2026 17:00 - Inderes    IlmoitusvelvollinenNimi: Lauri RekolaAsema: Muu ylin johtoLiikkeeseenlaskija: Toivo Group OyjLEI: 743700N31WYJDNPT8M98Ilmoituksen luonne: ENSIMMÄINEN ILMOITUSViitenumero: 148009/7/8___________________...

Frans and Miksu discussed Toivo in connection with the extensive report                    Inderes              Toivo Group: Odotuksissa tuloskasvua - Inderes    Aika: 16.03.2026 klo 17.45 Toivo Group on tehnyt viime vuosina rohkeita liikkeitä heikossa rakentamisen syklissä. Viime vuonna volyymit kasvoivat merkittävästi ja tulos nousi jälleen hyvälle tasolle.                             Topics: 00:00 Start  00:26 A hybrid of property developer, builder, and real estate investor  02:35 Historical development  05:17 Adventure with E-Heat  08:14 Social infrastructure and strong development margin  12:29 Cyclicality of real estate development  14:48 Profit distribution  18:00 Earnings growth expected  20:15 Valuation and risks

Frans has produced a comprehensive report on Toivo; as per usual, this comprehensive report is available for everyone to read.  Toivo Group is an agile hybrid of a real estate developer, builder, and real estate investor, with strong competitiveness especially in the development and construction of smaller apartment and family housing projects, and increasingly also in public service properties. Toivo made bold moves in recent years during an extremely weak construction cycle. The company succeeded in selling significant housing portfolios and launching many new projects. 2025 was the company’s comeback year, as volumes grew significantly and earnings returned to a good level. We see the valuation ('26-'27e P/E 13-11x, P/NAV 0.96x) as an attractive level relative to the earnings growth potential of the coming years in a gradually recovering market, although uncertainty remains high. We reiterate our Accumulate recommendation and EUR 1.20 target price.                   Inderes              Toivo Group laaja raportti: Vastavirtaliikkeiden satoa aletaan kerätä - Inderes    Toivo Group on ketterä kiinteistökehittäjän, rakennuttajan ja kiinteistösijoittajan hybridi, jonka kilpailukyky on vahva erityisesti pienempien asunto- ja perheasuntokohteiden kehittämisessä ja rakentamisessa sekä myös enenevissä määrin...                             Excerpt from the report:  In 2027-2029, we expect the earnings level to continue its upward trend in a gradually improving market environment, driven particularly by growth in owner-occupied housing projects, public service properties, and gradually also rental projects developed for investors. The volume growth of owner-occupied housing is the most important profitability driver in our forecasts. During these years, we estimate revenue growth to be 9% per year on average and operating profit to rise to EUR 10-12 million. Earnings growth flows with higher leverage into net profit, which we forecast to grow to EUR 5.4-7.3 million. We forecast the return on equity (ROE) to rise to 10.7% in 2029 once the capital loans have been repaid. Our dividend forecasts are quite moderate, and we estimate that Toivo will distribute an average of approximately 47% of EPS as dividends in 2026-2029. We also consider share buybacks to be very possible if the valuation remains at current levels, as the company has already initiated its first program.

To correct your comment that “nothing has been sold even at book value”, historically, several properties have been sold above book value.

In Toivo, you can indeed gain exposure to the real estate portfolio below its book value, but nothing has been sold even at book value. So, at the current price, the realistic book value is presumably in line with, if not even above, the share price. But I’m staying on board myself to see how things develop.

This could spark some maneuvering where Toivo develops them and the major shareholders buy them onto their own balance sheets or something similar.

Toivo Group

Toivo Group Oyj: SHARE REPURCHASE 15.4.2026Helsinki Stock ExchangeTrade date: 15.4.2026 Bourse trade: BUY Share: TOIVO Amount: 6 989 shares Average price / share: 0.9480 EUR Total cost: 6 625...

Toivo Group Oyj: SHARE REPURCHASE 15.4.2026Helsinki Stock ExchangeTrade date: 15.4.2026 Bourse trade: BUY Share: TOIVO Amount: 6 989 shares Average price / share: 0.9480 EUR Total cost: 6 625.57 EURFollowing shares repurchased on 15.4.2026 the Company now holds 190 983 shares.On behalf of Toivo Group Oyj Lago Kapital Ltd Maj van Dijk Jani Koskell&nbsp;Further informationMarkus MyllymäkiCEOToivo Group PlcTel. +358 (0)40 847 6206markus.myllymaki@toivo.fiInformation about ToivoToivo is a Finnish real estate company founded in 2015, specializing in residential and social infrastructure properties. The company’s business model is unique as it integrates the entire real estate value chain—from property development and construction to ownership, management, leasing, and sales of completed properties. Toivo’s in-house team manages the full lifecycle of a property, from raw land acquisition to lease negotiations and property maintenance.Toivo’s strategy is to develop clear and efficient properties&nbsp;with strong development margins, stable and attractive returns, and excellent locations. This enables the company to deliver maximum added value to its customers, owners, and stakeholders. Toivo is backed by a skilled and experienced team of professionals with strong credentials in the real estate sector. The team members have collectively been involved in the development and construction of over 17,000 apartments and have an average of ten years of experience in the industry.In 2025, Toivo’s revenue was EUR 61.7 million and operating profit EUR 8.0 million <div> <hr> <div>Attachments</div> <div><a href="https://storage.googleapis.com/inderes-widgets-prod-assets/toivo/attachments/17267a36-b875-40ef-9f3d-cf6d063980ab/dev-toivo-sbb-trades-20260415.xlsx">DEV-TOIVO_SBB_trades_20260415.xlsx</a></div> </div>