Core Insights - Kojamo plc reported a strong increase in occupancy rates, with the financial occupancy rate reaching 93.6% during the review period, up from 91.7% in the previous year [6][12][14] - The company completed a significant transaction involving the sale of 1,944 apartments, which is the largest transaction in the Finnish residential market this year, aimed at reducing debt and enhancing shareholder value [16][12] - The outlook for 2025 indicates a projected revenue increase of 0-2% year-on-year, with Funds From Operations (FFO) estimated between EUR 135-141 million, excluding non-recurring costs [9][10] Financial Performance - Total revenue for the second quarter of 2025 increased by 2.9% to EUR 115.6 million, compared to EUR 112.3 million in the same period last year [5][6] - Net rental income rose by 0.9% to EUR 82.8 million, with a net rental income margin of 71.7% [5][6] - The profit before taxes improved significantly to EUR -12.7 million from EUR -104.3 million year-on-year, reflecting a positive trend in financial performance [5][6] Investment and Property Management - Kojamo owned 40,946 rental apartments at the end of the review period, with no new completions since the previous year [4] - Gross investments totaled EUR 10.1 million, representing 8.8% of total revenue, indicating a slight decrease from the previous year [6][7] - The fair value of investment properties remained stable at EUR 7.9 billion, with EUR 272.8 million in investment properties held for sale [6][7] Customer Experience and Market Position - The Net Promoter Score (NPS) reached an all-time high of 58, indicating improved customer satisfaction [15] - The company is focused on enhancing customer experience and maintaining a strong position in Finland's growth centers [18] - Despite oversupply in the rental market, particularly in the capital region, the growth in supply appears to have stalled, which may benefit Kojamo's occupancy rates [14]