Here is the company report from Frans following the results 
Asuntosalkku’s H1’26 results were broadly in line with expectations. Net rental income was at the expected level, but the occupancy rate declined slightly. The core of the investment story—profitable residential sales in Tallinn and share buybacks—continued. This combination creates direct shareholder value at the current share price level. The stock is priced at a significant discount (P/NAV 0.64x) relative to its fair value, and a realized balance sheet would be clearly more valuable than the current share price. Low liquidity limits the speed of the value creation effect, but in the long term, the leverage is significant. In our view, the decreased valuation level combined with the profitable Tallinn sales and share buybacks again justifies further purchases for a patient investor.