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Investors House, a real estate investment company, recently released its financial statements for the last quarter of 2023 and shared its results for October-December. During that time, the company experienced a decrease in turnover to 1.8 million euros from 2.1 million euros compared to the same period the year before. The net income also dropped to 0.55 million euros from 0.65 million euros, while the operating result decreased to 0.34 million euros from 0.36 million euros. Additionally, the reported operating profit went down to 0.04 million euros from 3.9 million euros, and the overall result for October-December was 0.1 million euros compared to 2.3 million euros in the previous year.

The decline in performance during the last quarter was primarily due to several factors such as a decrease in the values of fully owned properties by around 1.0 million euros and a goodwill write-down of subsidiary Juhola Asset Management by 0.6 million euros.

However, there were positive aspects too as changes in value of investment properties owned by associated companies contributed around 1.5 million euros to the overall result.

Investors House’s EPRA NRV stood at 5

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