Asuntosalkku (ASUNTO) Q3 2025 earnings summary

Executive summary

• Revenue increased by 1.2% for the nine-month period to €14.2 million, but declined by 8.3% in the latest quarter to €4.5 million.

• Net rental income rose by 0.4% over nine months to €8.6 million, but fell by 3.4% in the quarter to €2.8 million.

• Realized profit for the nine months was €1.4 million, up from a €0.5 million loss year-over-year; Q3 realized profit was €0.0 million.

• Portfolio occupancy rate remained high at 97.3%, reflecting strong rental operations.

• No new residential investments or apartments under construction during the period.

Financial highlights

• Revenue for the period was €14.2 million; Q3 revenue was €4.5 million.

• Net rental income totaled €8.6 million for the period; Q3 net rental income was €2.8 million.

• Realized profit for the period was €1.4 million; Q3 realized profit was €0.0 million.

• Adjusted equity per share stood at €118.99.

• Earnings per share for the nine months: -€3.49 (prior year: -€9.14).

Outlook and guidance

• Share buyback program continued in line with strategy, with further purchases after the period end.

• Revenue for the full year ending 30.9.2025 is expected to be €17.5–20.0 million.

• Realized profit for the year is forecast at €1.5–3.5 million.

• Guidance assumes continued high occupancy and stable net rental income, with positive impact anticipated from lower reference interest rates in 2024.

• Uncertainties include European economic outlook, Finnish housing support changes, market developments, interest rate changes, and geopolitical risks.