Lumo Kodit Oyj Reports Revenue Growth for the First Half of 2026

Real estate company Lumo Kodit Oyj has released its half-year financial report, indicating growth in both revenue and net rental income. During the second quarter, April–June 2026, the company's total revenue increased by 8.1% year-on-year to EUR 125.0 million. Net rental income rose by 10.7% to EUR 91.7 million.

For the entire first half of the year, January–June 2026, total revenue stood at EUR 235.8 million, a 2.6% increase from the previous year. Net rental income was EUR 151.6 million, up by 4.1%. The company's Funds From Operations (FFO) saw a 12.4% increase in the second quarter, reaching EUR 43.6 million.

Due to the valuation of investment properties, the result before taxes for the second quarter was a positive EUR 83.6 million, compared to EUR -12.7 million in the prior year. The result before taxes for the full first half was EUR 62.7 million, against a negative EUR 23.8 million a year ago.

At the end of the reporting period, Lumo Kodit Oyj owned 43,615 rental apartments. Gross investments in properties amounted to EUR 872.4 million during the first half. The company aims to increase its housing stock in line with its strategy.