A quick look reveals that these Aktia real estate funds are relatively small compared to, for example, OP’s fund. Perhaps that’s even a good thing in the current situation?
For example, OP hasn’t reported net rental income? At least I couldn’t find it in their quarterly report, but Aktia shows these at 4.8% and 7%. Big thumbs up for that ![]()
Asunnot+ quarterly report total ~70M€
and Toimitilakiinteistöt (Commercial Properties) slightly larger at 170M€
Here, Aktia also has an opportunity to differentiate itself as an investment service provider if these don’t have to be closed. And of course, there are only a few weeks left until Aktia publishes its Q4 review on 12.2. I imagine that redemptions in real estate funds would still be a drag, but at the same time, interest rates across the board for 1-12 month Euribors have stabilized around ~2.5%. I personally believe that at these interest rate levels, there’s still a lot of
available for banks.