Handelsavisen
prelaunch
Companies ›Real Estate ›CITYVA.HE
CI
CITYVA.HE — Nasdaq Helsinki Specialized REITs

Cityvarasto Oyj

€16,55
Open in Charts → Attach watcher ⌖
— —
EUR
Set alert
Last 30 days
1D5D1M3M6MYTD1Y5YMax
Live price chart loads from the market-data widget.
Mcap
—
P/E
—
EV / Rev
—
Div yield
0,66 %
Op margin
35,3 %
ROE
1,2 %
Net margin
17,9 %
Debt / equity
0,60
Beta
—
52w range
—
Volume
—
Day range
—
Prev close
—
Open
—
Next earnings
—
Ex-dividend
—
TR 1Y
—
About

Cityvarasto Oyj is a specialized REIT focused on real estate management and development, generating revenue primarily through property operations and asset management.

Business. Cityvarasto Oyj (CITYVA.HE) is a specialized real estate investment trust headquartered in Finland and listed on the Nasdaq Helsinki exchange. The company operates within the Real Estate sector, focusing on specialized REIT activities. As specific segment or geographic breakdowns are not provided, the firm is described at the industry level as a specialized real estate entity.

Classification92 %
SectorReal Estate
IndustrySpecialized REITs
Generated · model-assisted
Sell-side consensus
—consensus pending
— buy— hold— sell
Avg 12m price target—
Upcoming events
— missing data
See all catalysts →

At a glance

Score
—
not yet scored
Valuation
—
valuation pending
Analysts
—
not yet wired
Ownership
—
not yet wired
Profitability→
1,2 %
return on equity
Quality
—
not yet scored

What drives this business

The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.

— missing data

News & coverage

0
  • No recent newsroom coverage mentioning CITYVA.

    • Sector rotation

    Sector1D1Mvs mkt
    Materials+2,3 %+6,6 %+1,7 %
    Communication Services+2,2 %−5,5 %+1,6 %
    Energy+0,6 %+3,3 %+0,0 %
    Health Care+0,6 %−0,8 %+0,0 %
    Information Technology+0,6 %+6,7 %+0,0 %
    Consumer Discretionary+0,4 %+7,6 %−0,2 %
    Financials−0,3 %−2,8 %−0,9 %
    Consumer Staples−0,4 %+2,5 %−1,0 %
    Real Estate · THIS SECTOR−0,7 %+10,9 %−1,3 %
    Industrials−1,9 %−3,1 %−2,5 %
    Utilities−1,9 %+28,2 %−2,5 %

    Developing storylines

    No tracked sagas currently linked to CITYVA.HE. Browse all sagas →

    Analysis

    AI analysis
    Generated · analysis pipeline · tier hybrid · as of 2026-08-04 ↑ At a glance

    Opportunity

    — missing data

    Upcoming catalysts

    Scheduled public events. Informational only — not investment advice.

    • Macro
    • Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
    • Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
    • Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
    • Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
    • Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
    • Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
    • Macro & political
    • ElectionSE Swedish Election2026-09-14 · SE
    • ElectionUS U.S. Midterms2026-11-03 · US
    • ElectionFR French Legislative2027-06-01 · FR

    Pre-earnings brief

    — missing data

    Signals & dispatch

    peak dispatch · —

    Composite-score breakdown

    Synthesis

    Business

    Cityvarasto Oyj (CITYVA.HE) is a specialized real estate investment trust headquartered in Finland and listed on the Nasdaq Helsinki exchange. The company operates within the Real Estate sector, focusing on specialized REIT activities. As specific segment or geographic breakdowns are not provided, the firm is described at the industry level as a specialized real estate entity.

    Classification92 %
    SectorReal Estate
    IndustrySpecialized REITs
    AI synthesis
    GENERATED

    Cityvarasto Oyj maintains a debt-to-equity ratio of 0.6, indicating a relatively balanced capital structure. However, the company's current ratio of 0.53 suggests potential liquidity constraints, as current liabilities exceed current assets. The company's free cash flow of 393,000 EUR is modest, and its operating cash flow of 3.7 million EUR is partially offset by capital expenditures of -1.65 million EUR.

    Profitability metrics show a return on equity of 1.22% and a return on assets of 0.66%, both of which are below the typical thresholds for REITs, which often aim for ROE above 5% and ROA above 2%. The company's net income of 991,000 EUR is relatively low compared to its total assets of 149.6 million EUR, indicating limited asset utilization efficiency.

    The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification. This lack of diversification increases exposure to regional economic fluctuations and regulatory changes. The company's operating income of 1.95 million EUR is derived primarily from property operations, with no material contribution from other business lines.

    Looking ahead, the company's revenue is projected to remain stable, with no significant growth expected in the next fiscal year. The company's capital expenditures are expected to remain negative, indicating continued investment in property development and maintenance. The company's operating income is expected to remain flat, with no material changes in gross profit margins.

    The company's risk profile is characterized by medium liquidity risk and low dilution potential. The key risk flag is the negative net cash position after subtracting total debt, which could limit the company's ability to fund operations without external financing. The company's dilution potential is low, with no recent issuance or shelf registration activity reported.

    Recent filings and transcripts indicate that the company is focused on maintaining its property portfolio and optimizing asset utilization. The company has not disclosed any material new projects or strategic initiatives in the latest filings. The company's management has emphasized the importance of maintaining a strong balance sheet and managing debt levels effectively.

    Key takeaways
    • Cityvarasto Oyj has a balanced capital structure but faces liquidity constraints due to a low current ratio.
    • The company's profitability metrics are below industry norms, indicating limited asset utilization efficiency.
    • Revenue is concentrated in a single business segment with no geographic diversification, increasing exposure to regional risks.
    • The company's growth trajectory is flat, with no significant revenue or operating income growth expected in the next fiscal year.
    • The company's risk profile is characterized by medium liquidity risk and low dilution potential.

    Bull / Bear case

    Generated · model-assisted
    BULL CASE · 5

    Revenue grew 21.1% year-over-year to EUR 27.1 million, demonstrating strong top-line expansion momentum.

    Cash conversion of 3.73 ranks best-in-class among 67 specialized REITs, indicating superior cash generation efficiency.

    The debt-to-equity ratio of 0.6 is below the cohort median of 0.7, suggesting a conservative capital structure.

    Operating income reached EUR 15.6 million in FY0, maintaining positive operational profitability despite margin compression.

    Long-term debt decreased to EUR 50.8 million from EUR 53.9 million, showing a reduction in leverage obligations.

    BEAR CASE · 1

    High credit risk flags suggest potential vulnerabilities in the company's ability to meet financial obligations.

    In focus — financials by report

    Valuation FY

    Market price
    €16,55
    Market cap
    —
    Enterprise valueⓘ
    —
    P/Eⓘ
    —
    Non-GAAP P/Eⓘ
    —
    EV / Revenueⓘ
    —
    EV / Op incomeⓘ
    —
    EV / OCFⓘ
    —
    P / Bⓘ
    —
    P / Tangible bookⓘ
    —
    Tangible book
    €81.3M
    Net cashⓘ
    -€46.5M
    Current ratioⓘ
    0.5
    Debt / equityⓘ
    0.6
    ROAⓘ
    0.7%
    ROEⓘ
    1.2%
    Cash conversionⓘ
    373.0%
    CapEx / revenueⓘ
    -29.8%
    SBC / revenueⓘ
    —
    Dilution ratioⓘ
    0.0%

    Revenue by segment

    Market share

    — missing data

    Business relationships

    — missing data

    Supply chain

    — missing data

    Peer comparison

    — missing data

    Market position

    Stress test

    — missing data

    Predictor forecast

    Options

    — missing data

    Short squeeze

    — missing data

    Earnings-call key lines

    — missing data

    Estimate revisions

    consensus EPS · 26-week trend
    — missing data

    Sell-side observations

    — missing data

    Themes

    — missing data

    ESG

    — missing data

    Risk factors

    Dilution riskLow
    Liquidity riskMedium
    Filing-based flags
    • Net cash is negative after subtracting total debt.

    Benchmarks vs cohort

    Op Margin35,3 %Below median
    Net Margin17,9 %Below median
    ROE1,2 %Below median
    Capex / Rev-29,8 %Bottom quartile
    D/E0,60Above median
    Cash Conv3,73Best in class

    Corporate actions / M&A

    — missing data

    FX exposure

    — missing data

    Comparable transactions

    — missing data

    Derivatives & instruments

    — missing data

    Actions

    Ask Handelsavisen

    — missing data
    Data sources
    • Market data
    • Market data cache
    • Issuer disclosures
    • Public news
    • Earnings transcripts
    • Consensus estimates
    • ESG data
    How metrics are computed
    • Dilution Ratio
      (shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
    • Net Cash
      cash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
    • Capex To Revenue
      capital_expenditure / revenue
    • Return On Equity
      net_income / total_equity
    • Debt To Equity
      (short_term_debt + long_term_debt) / total_equity
    • Cash Conversion Ratio
      operating_cash_flow / net_income
    Source documents
    • Cityvarasto Oyj Market data — financials · 2026-05-27

    Ownership & reference

    Insider activity

    — missing data

    Short positioning

    — missing data

    Geographic breakdown

    — missing data
    Listings · one canonical issuer all listings resolve to the canonical
    CITYVA.HECanonical
    Nasdaq Helsinki · EUR

    Intel & risk

    peak dispatch · —
    OSINT findings
    Dilution riskLow
    Liquidity riskMedium
    Net cash is negative after subtracting total debt.

    Evidence & claims

    From filings & derived data
    — missing data

    The Thread

    Everything we know, in order
    — missing data
    Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-08-04 Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data Premium coverage