Lumo Homes
Lumo Homes (Lumo Kodit Oyj) is Finland's largest private residential landlord, operating a digital-first urban rental housing platform with tens of thousands of apartments concentrated in the Helsinki, Tampere, and Turku growth centres, serving individual tenants, families, and students through a proprietary webstore and physical Home Centres.
- Company typePublic
- Founded1969
- HeadquartersHelsinki, Finland
- Headcount251–500
- GTM typeB2C
- OfferingServices
What Lumo Homes does
Lumo Homes (Lumo Kodit Oyj, Nasdaq Helsinki: LUMO), formerly Kojamo plc, is Finland's largest private residential landlord and operates a digital-first urban rental housing platform concentrated in the Helsinki, Tampere, and Turku metropolitan growth centres. The company rents tens of thousands of apartments to individual tenants, couples, families, students, and remote workers through a proprietary webstore (lumo.fi) that processes the majority of new leases online without security deposits, supported by a My Lumo resident digital service used by more than 20,000 residents and a network of nine physical Lumo Home Centres in major Finnish cities. Revenue is generated primarily through recurring monthly rental income, supplemented by opportunistic apartment sales from the portfolio; FY2025 total revenue was EUR 455.2 million with net rental income of EUR 307.7 million and a 94.8% financial occupancy rate.
The technology stack centres on the proprietary Lumo webstore for end-to-end online lease execution, the My Lumo resident portal, and IoT-based building management tools such as the Leanheat temperature and ventilation monitoring system. Sustainability features — carbon-neutral district heating from Fortum, carbon-neutral hydropower-certified electricity, WWF Green Office certification, and a EUR 500 million green bond issuance under the EMTN programme — are embedded into both operations and capital structure.
The business model combines a direct-to-consumer digital rental channel with selective large-scale M&A; the April 2026 EUR 900 million acquisition of 4,761 apartments from Varma Mutual Pension Insurance Company, partly financed via a EUR 600 million bridge facility from Goldman Sachs, Nordea, and SEB and partly via a directed share issue that made Varma a 16-17% shareholder, marks the most significant expansion in the company's recent history and is expected to lift 2026 revenue toward the EUR 484-497 million guidance range. Capital structure is investment-grade (Baa2 stable from Moody's), supported by a diversified EMTN debt programme and multiple sustainability-linked credit facilities with Swedbank, OP Corporate Bank, and Danske Bank.
Lumo Homes firmographics
Firmographics- Name
- Lumo Homes
- Legal name
- Lumo Kodit Oyj
- Website
- https://yritys.lumo.fi
- Company type
- Public
- Founded year
- 1969
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- Lumo Homes (Lumo Kodit Oyj) is Finland's largest private residential landlord, operating a digital-first urban rental housing platform with tens of thousands of apartments concentrated in the Helsinki, Tampere, and Turku growth centres, serving individual tenants, families, and students through a proprietary webstore and physical Home Centres.
- Ownership category
- akta.pro rank
Lumo Homes industry classification
Industry- Product category
- Residential Rental Housing
- NAICS
- Rental and Leasing Services (532)
- SIC
- Operators Of Apartment Buildings (6513)
- akta.pro primary industry
- Luxury Serviced Residences (THAGAEAJ)
- akta.pro secondary industries
- Student/Academic Serviced Residences (THAGAEAF), Whole-Home Rentals (Houses, Villas, Cabins) (THAGANAA), Family-friendly serviced apartments (THAMACAG)
Keywords
Where Lumo Homes is headquartered
LocationHeadquarters
- HQ city
- Helsinki
- HQ country
- Finland
- HQ region
- Europe
Offices9 records
Markets served
Lumo Homes business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Operations, Personnel, Infrastructure, Marketing or Sales, Technology or R&D, Supply Chain
Revenue model
- Residential Rental Income: Primary revenue stream from renting residential apartments across Finland. The company collects monthly rent from tenants. Revenue for 2025 was EUR 455.2 million with net rental income of EUR 307.7 million.
- Property Sales: Secondary revenue from selling apartments from the portfolio. In 2025, the company sold 2,028 apartments as part of portfolio management activities.
- Green Bond Financing: The company issues green bonds under its EMTN programme to finance green projects in energy efficiency, renewable energy, and clean transportation. Successfully issued EUR 500 million in green bonds at 3.875% coupon.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Monthly residential rental with variable pricing based on apartment size, location, and amenities |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels5 records
Lumo Homes product offering
Product offeringCore offering
Lumo Homes rents modern residential apartments in Finland's major urban growth centers (Helsinki, Tampere, Turku metropolitan areas) to individual consumers, families, and students through its proprietary Lumo-verkkokauppa webstore and My Lumo digital resident service. The company owns and operates Finland's largest private residential rental portfolio, complemented by sustainability-focused services such as carbon-neutral heating, shared mobility via 24Rent, and bundled broadband through DNA.
Product overview
Lumo Homes (Lumo Kodit Oyj), formerly Kojamo plc, is Finland's largest private residential landlord offering rental apartments through a digital-first platform. The core product offering consists of the Lumo-verkkokauppa (webstore) for apartment rental and the My Lumo digital resident service. These are complemented by resident services including car sharing (24Rent partnership), sustainability programs with carbon-neutral heating and electricity, and the Lumo sponsorship program for young athletes. The company operates primarily in Finland's major growth centers including Helsinki, Tampere, Turku, and Espoo, with properties ranging from studio apartments to family homes.
Differentiator
Problem solved
Functional benefit
Brands
- My Lumo: Digital resident service platform for tenants to manage their rental homes, access services, and communicate with property management
- Lumo-verkkokauppa
- Lumo-kotikeskukset
Products and services
- Lumo-verkkokauppa (Lumo Webstore) Online platform for renting Lumo residential apartments directly, without rental security deposit. Allows instant rental or expression of interest with 24-hour customer response; over 16,000 rental agreements have been signed via the webstore since 2015 and more than half of all rentals are now completed directly through it. Targeted at individual urban renters, families, and students in Finland.
- My Lumo Service Digital resident portal providing online housing services and resident management for tenants of Lumo Homes. Used by over 20,000 residents to manage their tenancy and access community features.
Quantifiable outcome
- Over 16,000 apartment rental agreements completed through webstore since 2015
- +4 more outcomes
Companies that use Lumo Homes
Customer profileNamed customers3 records
Segments2 records
Ideal customer profiles2 records
Lumo Homes technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration4 records
Feature3 records
Lumo Homes partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered minor.
- Jatke Uusimaa OyminorConstruction partnership for building 77 new apartments in Helsinki's Kontula district. Project to be completed in summer 2022.
- Hausia OyminorAgreement for construction of 45 apartments in Espoo centre as part of EUR 90 million cooperation agreement for rental apartments in Espoo.
- FortumminorCarbon-neutral district heating provider. Introduced in 79 Kojamo properties (approximately 4,000 apartments) in Espoo, Kirkkonummi, Kauniainen, Tuusula, and Järvenpää. Reduces maintenance carbon footprint by 10%.
- Reforest Finland OyminorCarbon offset partnership. Planted over 300 trees in Kangasala to offset employee carbon emissions during Zero Emissions Day and beyond.
Scale indicators9 records
Recent moves9 records
Expansion highlights5 records
Lumo Homes competitors and assessment
Company assessmentBroad incumbents
- LEG Immobilien AG: LEG is a leading German residential landlord with a vertically integrated platform focused on affordable housing in North Rhine-Westphalia, sharing Lumo's core business of owning and operating large rental residential portfolios.
- TAG Immobilien AG: TAG is a German-listed residential real estate company operating rental apartments in German metropolitan regions, with a comparable long-hold rental strategy and active portfolio management.
- Vonovia SE: Vonovia is Europe's largest private residential landlord with a portfolio of hundreds of thousands of German apartments; a broad incumbent offering the same fundamental rental-housing model at much greater scale.
Direct peers
- K2A Knaust & Andersson Fastigheter AB: K2A is a Swedish residential real estate company focused on sustainable rental apartments in Stockholm and other growth centres, mirroring Lumo's urban-growth-centre, sustainability-led residential model.
- Heba Fastighets AB: Heba is a Stockholm-focused residential property company that owns and manages rental apartments, providing a directly comparable Nordic residential landlord benchmark to Lumo.
- SATO Oyj: SATO is one of Finland's largest private residential landlords, operating a comparable portfolio of rental apartments across major Finnish urban centres with a similar focus on long-term rental housing and digital services.
- Heimstaden AB: Heimstaden is a major Nordic residential landlord owning and operating tens of thousands of apartments across Sweden, Denmark, Germany, and elsewhere, with a similar buy-and-rent residential strategy and sustainability focus.
- Akelius Residential Property AB: Akelius is a European residential property company operating rental apartments primarily in Sweden, Germany, and Denmark, with a comparable long-term ownership model and urban portfolio concentration.
- D Carnegie & Co AB: D Carnegie is a Stockholm-focused residential property company that acquires, develops, and manages rental apartments, sharing Lumo's urban residential landlord model in a Nordic market.
Regional players
- Trianon Fastighets AB: Trianon is a Swedish residential landlord focused on rental apartments in Malmö and the Öresund region, offering a comparable urban-residential model though concentrated in a different Nordic geography from Lumo.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Lumo Homes social profiles
Digital presenceLumo Homes compliance and trust
Trust signalCompliance4 records
Lumo Homes financial estimates
Financial estimateRevenue estimate
Valuation estimate
Lumo Homes leadership team
Management profileNumber of profiles
Profiles6 records
Lumo Homes subsidiaries and ownership
Company hierarchySubsidiaries1 record
Lumo Homes funding detail
Funding detailFunding overview
Funding rounds14 records
Investors5 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Lumo Homes M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Lumo Homes
What does Lumo Homes do?
Lumo Homes rents modern residential apartments in Finland's major urban growth centers (Helsinki, Tampere, Turku metropolitan areas) to individual consumers, families, and students through its proprietary Lumo-verkkokauppa webstore and My Lumo digital resident service. The company owns and operates Finland's largest private residential rental portfolio, complemented by sustainability-focused services such as carbon-neutral heating, shared mobility via 24Rent, and bundled broadband through DNA.
Is Lumo Homes a public or private company?
Lumo Homes is a public company. It is classified as public and is currently operating.
When was Lumo Homes founded?
Lumo Homes was founded in 1969. It employs 251 to 500 people.
Where is Lumo Homes based?
Lumo Homes is headquartered in Helsinki, Finland, in the Europe region.
How does Lumo Homes make money?
Three revenue lines are on record. Residential Rental Income is the primary driver. The others are property Sales and green Bond Financing.
Who are Lumo Homes's main competitors?
Broad incumbents on record are LEG Immobilien AG, TAG Immobilien AG and Vonovia SE. Direct peers are K2A Knaust & Andersson Fastigheter AB, Heba Fastighets AB, SATO Oyj, Heimstaden AB, Akelius Residential Property AB and D Carnegie & Co AB. Trianon Fastighets AB is listed as a regional player.
Does Lumo Homes have an API?
No public API is recorded for Lumo Homes.
What industry is Lumo Homes in?
Lumo Homes's product category is Residential Rental Housing. Its primary akta.pro industry code is THAGAEAJ, Luxury Serviced Residences, with a secondary code of THAGAEAF, Student/Academic Serviced Residences. Its NAICS code is 532 and its SIC code is 6513.