Fubotv earnings beat by $0.10, revenue topped estimates
On Wednesday, Kojamo Oyj (HE:KOJAMO:FH) received an upgrade from Kepler Cheuvreux, with analyst Jan Ihrfelt raising the stock’s rating from Hold to Buy and increasing the price target to EUR11.30, up from the previous EUR10.00. The upgrade follows Kojamo’s first-quarter report, which revealed an underlying profit that surpassed expectations.
Ihrfelt noted the significant decline in Kojamo’s vacancy levels, which dropped from 8.5% in the fourth quarter to 6.5% at the end of March. This improvement not only enhances the company’s revenue but also positively impacts the net operating income (NOI) margin. The analyst expressed confidence that this positive trend persisted through April and May.
The report by Kepler Cheuvreux also anticipates higher financial income and reduced financial expenses for Kojamo going forward. As a result of these factors, the firm has adjusted its forecasted funds from operations (FFops), with an increase of 9% for the current year and 11% for 2026 estimates.
The revised price target to EUR11.30 from EUR10.00 reflects Kepler Cheuvreux’s positive outlook on Kojamo’s earnings growth potential in the coming years. The growth is expected to be driven by further reductions in vacancy rates, lower financing costs due to decreased long-term interest rates, and rent increases, which Ihrfelt mentioned as occurring for the first time in many years.
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