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Sato Oyj (SATOY: BBB neg): 2Q24 Results

REAL ESTATE
Generally Positive:
  • Given Kojamo’s drop yesterday this report will be quite a relief
  • Occupancy 95.3% (up from 95% yoy)
  • Net Sales EUR 75.8m (71.5)
  • Net rental income EUR 57.5 (52.5)
  • Interestingly the company reports an Increase in demand in Helsinki.
  • Equity ratio improves to 51% of total balance sheet.

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