Investors
Key figures
(unaudited, unless otherwise indicated)
| (EUR million, unless otherwise indicated) | 1.1.–30.6. 2025 | 1.1.–30.6. 2024 | 1.1.–31.3. 2025 (IFRS) | 1.1.–31.3. 2024 (IFRS) | 1.1.–31.12. 2024 | 1.1.–31.12. 2023 |
|---|---|---|---|---|---|---|
| Revenue | 12.6 | 10.7 | 6.0 | 5.1 | 22.4(1) | 18.5(1) |
| Change in revenue, % | 18.1 | – | 16.1 | – | 21.4 | 10.6 |
| Real estate revenue | 9.3 | 8.4 | 4.5 | 4.1 | 17.1(1) | 15.0(1) |
| Ancillary services revenue | 3.5 | 2.5 | 1.6 | 1.1 | 5.6(1) | 3.7(1) |
| EBITDA | 5.1 | 4.6 | 2.1 | 1.8 | 10.0(1) | 7.7(1) |
| EBITDA margin, % | 40.4 | 43.4 | 34.4 | 34.9 | 44.7(1) | 41.5(1) |
| Items affecting comparability | 0.4 | 0.0 | 0.1 | 0.0 | 0.1 | 0.0 |
| Adjusted EBITDA | 5.5 | 4.7 | 2.1 | 1.8 | 10.1(1) | 7.7(1) |
| Adjusted EBITDA margin, % | 43.9 | 43.8 | 35.8 | 35.3 | 45.0(1) | 41.7(1) |
| Operating profit | 4.3 | 3.1 | 1.3 | 1.2 | 67.0(1) | 9.8(1) |
| Operating profit margin, % | 33.9 | 29.4 | 22.3 | 23.2 | 299.0(1) | 53.1(1) |
| Result for the period | 2.4 | 1.4 | 0.5 | 0.4 | 51.6(1) | 6.2(1) |
| Coverage ratio | 4.1 | 3.4 | 3.2 | 2.7 | 3.5 | 3.4 |
| Fair value changes in investment properties | 0.6 | -0.4 | -0.1 | -0.1 | 59.5(1) | 4.4(1) |
| Fair value of investment properties | 197.2 | 129.6 | 195.1 | 126.8 | 194.1(1) | 126.2(1) |
| Equity ratio, % | 60.4 | 54.3 | 60.4 | 55.6 | 60.5(1) | 55.7(1) |
| Return on equity (ROE), % | 49.0 | – | 48.6 | – | 48.7 | 8.0 |
| Return on investment (ROI), % | 45.2 | – | 45.2 | – | 45.3 | 8.7 |
| Balance sheet total | 220.4 | 149.6 | 218.5 | 145.6 | 217.3(1) | 144.5(1) |
| Net debt | 53.5 | 46.5 | 53.0 | 44.0 | 51.8(1) | 43.8(1) |
| Net debt without lease liabilities | 45.4 | 38.3 | 44.9 | 35.8 | 43.9 | 35.6 |
| Equity | 133.2 | 81.3 | 132.0 | 80.9 | 131.5(1) | 80.5(1) |
| Loan-to-value ratio, % | 23.5 | 31.5 | 23.8 | 29.6 | 23.8(1) | 29.8(1) |
| Investments | -4.2 | -5.4 | -2.0 | -1.4 | -14.7 | -9.9 |
| Average number of employees at the end of the period | 63 | 54 | 62 | 54 | 58 | 59 |
| Current lettable area, m2, total(2) | 121,000 | 117,000 | 119,000 | 110,000 | 119,000 | 112,000 |
| Current lettable area, m2, self-storage | 61,000 | 55,000 | 59,000 | 53,000 | 58,000 | 54,000 |
| Current lettable area, m2, business premises | 56,000 | 57,000 | 54,000 | 49,000 | 57,000 | 55,000 |
| Self-storage occupancy rate, m2, %, closing | 79 | 77 | 78 | 75 | 76 | 70 |
| Business occupancy rate, m2, %, closing | 82 | 76 | 82 | 81 | 83 | 81 |
| Average self-storage rent, EUR/m2/month, closing(3) | 25.2 | 26.4 | 24.7 | 26.1 | 25.4 | 24.2 |
| Average business premises rent, EUR/m2/month, closing(3) | 10.1 | 10.5 | 9.8 | 10.3 | 9.5 | 9.8 |
| Number of facilities/properties | 72 | 65 | 71 | 63 | 68 | 61 |
| Number of vans | 513 | 300 | 492 | 258 | 445 | 242 |
| Operating profit without fair value changes | 4.2 | 4.0 | 1.7 | 1.6 | 8.6 | 6.3 |
| Operative earnings | 2.3 | 2.2 | 0.7 | 0.6 | 4.8 | 3.3 |
| Operative earnings per share, EUR | 0.33 | 0.31 | 0.11 | 0.09 | 0.68 | 0.47 |
| Adjusted operative earnings | 2.7 | 2.2 | 0.8 | 0.7 | 4.8 | 3.3 |
| Adjusted operative earnings per share, EUR | 0.38 | 0.32 | 0.12 | 0.09 | 0.69 | 0.47 |
| Net Asset Value | 161.8 | 97.0 | 160.3 | 96.5 | 159.6 | 95.9 |
| Net Asset Value per share, EUR | 22.96 | 13.76 | 22.74 | 13.69 | 22.64 | 13.60 |
(1) Audited
(2) Includes also area under construction
(3) Includes only such premises that have been acquired over a year ago per closing
Key figures (FAS)
(unaudited, unless otherwise indicated)
| (EUR million, unless otherwise indicated) | 2023 (FAS) | 2022 (FAS) |
|---|---|---|
| Revenue | 18.5(1) | 16.7(1) |
| Change in revenue, % | 10.6 | 28.7 |
| EBITDA | 6.5 | 5.9 |
| Items affecting comparability | 0.0 | 0.0 |
| Adjusted EBITDA | 6.5 | 5.9 |
| Fair value changes in investment properties(2) | 4.4(1) | 5.7 |
| Operating profit | 9.1(1) | 10.1(1) |
| Profit for the period | 5.9(1) | 7.7(1) |
| Coverage ratio | 3.4 | 7.2 |
| Value of Investment Properties | 126.2(1) | 113.8(1) |
| Equity ratio, % | 58.9 | 59.7 |
| Return on Equity (ROE), % | 7.7 | 10.9 |
| Earnings per share, EUR | 0.83 | 1.09 |
| NAV per share(3), EUR | 11.28 | 10.53 |
| Dividend per share, EUR | 0.09 | 0.08 |
| Return on Investment (ROI), % | 8.2 | 9.8 |
| Average number of employees at the end of the period | 59 | 64 |
(1) Audited
(2) The change in the fair value of investment properties includes, in addition to the change in the fair value of investment properties, gains and losses on the disposal of investment properties included in the income statement prepared in accordance with FAS
(3) NAV per share presented in the financial statements prepared in accordance with FAS does not take into account deferred tax liabilities related to investment properties
Definitions and calculation of Alternative Performance Measures add
| Alternative Performance Measure | Definition or calculation | |
|---|---|---|
| Change in revenue, % | = | (Revenue for the period – revenue for the preceding corresponding period) / Revenue for the preceding corresponding period x 100 % |
| Real estate revenue | = | Revenue generated by the real estate segment |
| Ancillary services revenue | = | Revenue generated by the ancillary services segment |
| Items affecting comparability | = | Non-recurring or exceptional income and expense items not related to ordinary business operations. They include, for example, costs related to corporate transactions, which deviate from Company's customary business operations and Company's historical transactions, and listing expenses. |
| EBITDA | = | Operating profit + depreciations, amortisations and impairment + change in fair value of investment properties |
| EBITDA margin, % | = | EBITDA / Revenue x 100 % |
| Adjusted EBITDA | = | Operating profit + items affecting comparability |
| Adjusted EBITDA margin, % | = | Adjusted EBITDA / Revenue x 100 % |
| Operating profit margin, % | = | Operating Profit / Revenue x 100 % |
| Coverage ratio | = | Adjusted EBITDA / Financial expenses |
| Equity ratio, % | = | Equity / (Balance sheet total – advances received) x 100 % |
| Return on equity (ROE), % | = | Profit (loss) for the period / Average shareholder's equity x 100 % |
| Return on investment (ROI), % | = | Operating Profit / (Average shareholder's equity + average interest-bearing liabilities) x 100 % |
| Net debt | = | Non-current and current interest-bearing liabilities + non-current and current lease liabilities - cash and cash equivalents |
| Net debt without lease liabilities | = | Non-current and current interest-bearing liabilities - cash and cash equivalents |
| Loan-to-value ratio, % | = | Non-current and current interest-bearing debt / Fair value of investment properties x 100 % |
| Operating profit without fair value changes | = | Operating profit - Fair value changes - Changes in fair value of leased investment properties |
| Operative earnings | = | Result for the period - Change in deferred tax liabilities - Change in fair value of freehold investment properties |
| Operative earnings per share | = | Operative earnings / Number of shares, pcs |
| Adjusted operative earnings | = | Operative earnings + Items affecting comparability |
| Adjusted operative earnings per share | = | Adjusted operative earnings / Number of shares, pcs |
| Net asset value (NAV) | = | Equity + Deferred tax liabilities related to freehold investment properties |
| Net asset value (NAV) per share | = | (Equity + Deferred tax liabilities related to freehold investment properties) / Number of shares, pcs |
| Dividend / Share | = | Dividend paid / Number of shares, pcs |
Cityvarasto
© 2025 Cityvarasto Ltd
Privacy policy