Reported Earnings • Jul 31
Second quarter 2026 earnings released: €0.032 loss per share (vs €0.008 loss in 2Q 2025) Second quarter 2026 results: €0.032 loss per share (further deteriorated from €0.008 loss in 2Q 2025). Revenue: €3.93m (up 183% from 2Q 2025). Net loss: €550.0k (loss widened 277% from 2Q 2025). Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Announcement • Jul 01
Arco Vara AS Approves Not to Distribute Dividends to Shareholders for the Financial Year Ended 31 December 2025 Arco Vara AS announced that at the Annual General Meeting of Shareholders held on 30 June 2026 approved the resolution to cover the net loss for the financial year ended 31 December 2025, amounting to EUR 479,000 from retained earnings and to retain the remaining retained earnings and not to distribute dividends to shareholders. New Risk • Jun 27
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Estonian stocks, typically moving 2.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 30% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (2.9% average weekly change). Market cap is less than US$100m (€21.1m market cap, or US$24.0m). Announcement • Jun 10
Arco Vara AS, Annual General Meeting, Jun 30, 2026 Arco Vara AS, Annual General Meeting, Jun 30, 2026, at 16:00 FLE Standard Time. Location: kodulahe pavilion in tallinn lammi 8, Estonia Reported Earnings • Apr 21
Full year 2025 earnings released: €0.028 loss per share (vs €0.06 loss in FY 2024) Full year 2025 results: €0.028 loss per share (improved from €0.06 loss in FY 2024). Revenue: €7.69m (up 2.8% from FY 2024). Net loss: €479.0k (loss narrowed 23% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 5% per year. Reported Earnings • Feb 28
Full year 2025 earnings released: €0.028 loss per share (vs €0.06 loss in FY 2024) Full year 2025 results: €0.028 loss per share (improved from €0.06 loss in FY 2024). Revenue: €7.69m (up 2.8% from FY 2024). Net loss: €479.0k (loss narrowed 23% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 5% per year. Announcement • Feb 26
Arco Vara AS Announces CEO Changes The Supervisory Board of Arco Vara has appointed Rait Riim as the new CEO of Arco Vara AS. According to the decision of the Supervisory Board, Rait Riim’s authority will take effect on April 1, 2026 and will be valid for three years. Rait Riim has 20 years of experience in the real estate sector. Since 2019, he has been working as Head of Real Estate Investments at LHV Varahaldus AS. Previously, he has served as Development Project Manager at Kapitel AS and as Real Estate Portfolio Manager at Ektornet Management Estonia OÜ, a subsidiary of Swedbank. From 2020 to 2021, Rait Riim was a member of the Supervisory Board of Arco Vara AS, representing LHV Pension Funds. Rait Riim’s main priorities at Arco Vara are the successful execution of the Luther Quarter and Arcojärve developments, balancing the development portfolio, and maintaining strong financial discipline. According to the decision of the Supervisory Board, Kristina Mustonen will be recalled from the Management Board of Arco Vara as of April 22, 2026. Announcement • Jan 15
Peeda OÜ acquired 7% stake in Arco Vara AS (TLSE:ARC1T) from Luther Factory OÜ. Peeda OÜ acquired 7% stake in Arco Vara AS (TLSE:ARC1T) from Luther Factory OÜ on January 14, 2026.
Peeda OÜ completed the acquisition of 7% stake in Arco Vara AS (TLSE:ARC1T) from Luther Factory OÜ on January 14, 2026. Announcement • Oct 28
Arco Vara AS Appoints Christian Petrov as Head of Bulgarian Operations And Management Board Member Arco Vara AS has appointed Christian Petrov as the new head of its Bulgarian subsidiaries following the departure of Arco Vara Bulgaria’s former Managing Director, Daniel Yordanov. The main responsibility of the new manager is to ensure the smooth continuation of the Bulgarian subsidiaries’ daily operations and to support Arco Vara’s strategic goal of gradually concluding its activities on the Bulgarian market, including overseeing the ongoing sales process and asset realization. At the same time, the development activities in Bulgaria continue as planned – the projects are progressing according to the established schedule, and the new manager’s task is to ensure their proper and effective execution until the completion of the exit process. Christian Petrov will serve on the management boards of all Arco Vara’s Bulgarian subsidiaries. Christian Petrov is a real estate professional with extensive experience in structuring and implementing complex projects. His expertise lies in financing and transforming existing commercial assets into high-value residential developments. Previously, he has worked in the public sector, dealing with urban transport, energy efficiency, and local authorities. Upcoming Dividend • Oct 28
Upcoming dividend of €0.02 per share Eligible shareholders must have bought the stock before 04 November 2025. Payment date: 12 November 2025. Payout ratio is a comfortable 72% but the company is not cash flow positive. Trailing yield: 1.2%. Lower than top quartile of Estonian dividend payers (7.0%). Lower than average of industry peers (3.2%). Reported Earnings • Oct 24
Third quarter 2025 earnings released: EPS: €0.015 (vs €0.015 loss in 3Q 2024) Third quarter 2025 results: EPS: €0.015 (up from €0.015 loss in 3Q 2024). Revenue: €2.53m (up 18% from 3Q 2024). Net income: €256.0k (up €412.0k from 3Q 2024). Profit margin: 10% (up from net loss in 3Q 2024). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has fallen by 2% per year. Reported Earnings • Jul 25
Second quarter 2025 earnings released: €0.01 loss per share (vs €0.033 loss in 2Q 2024) Second quarter 2025 results: €0.01 loss per share (improved from €0.033 loss in 2Q 2024). Revenue: €1.39m (up 47% from 2Q 2024). Net loss: €146.0k (loss narrowed 57% from 2Q 2024). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. New Risk • Jun 17
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 67% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.8x net interest cover). Earnings have declined by 0.3% per year over the past 5 years. Shareholders have been substantially diluted in the past year (67% increase in shares outstanding). Minor Risk Market cap is less than US$100m (€32.1m market cap, or US$37.2m). Announcement • Jun 12
Arco Vara AS has completed a Follow-on Equity Offering in the amount of €17.45 million. Arco Vara AS has completed a Follow-on Equity Offering in the amount of €17.45 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 6,980,000
Price\Range: €2.5
Transaction Features: Rights Offering Announcement • Jun 06
Arco Vara as Approves Dividend for the Year Ended December 31, 2024, Payable on November 12, 2025 Arco Vara AS announced at the AGM held on June 5, 2025, approved to pay a dividend of EUR 0.02 per share for the year ended December 31, 2024. The dividend of EUR 0.02 per share will be paid to shareholders on 12 November 2025 via transfer to the shareholder's bank account. The list of shareholders entitled to receive the dividend (record date) will be fixed as of November 5, 2025. Arco Vara AS hereby informs that the respective dividend payment ex-date as 4 November 2025. Announcement • May 13
Arco Vara AS, Annual General Meeting, Jun 05, 2025 Arco Vara AS, Annual General Meeting, Jun 05, 2025, at 17:15 FLE Standard Time. Location: kodulahe pavilion in tallinn, Estonia New Risk • Apr 27
New major risk - Revenue and earnings growth Earnings have declined by 0.3% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.8x net interest cover). Earnings have declined by 0.3% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (€15.8m market cap, or US$18.0m). Reported Earnings • Apr 09
Full year 2024 earnings released: €0.06 loss per share (vs €0.34 profit in FY 2023) Full year 2024 results: €0.06 loss per share (down from €0.34 profit in FY 2023). Revenue: €7.48m (down 59% from FY 2023). Net loss: €624.0k (down 118% from profit in FY 2023). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Announcement • Mar 31
Tiina Malm Leaves Arco Vara as CFO Arco Vara AS announced Arco Vara CFO Tiina Malm is leaving Arco Vara and board member Kristina Mustonen has started the search for a new CFO for the company. The new CFO will take over management at the latest from the end of May. Tiina Malm is a member of the board of Arco Vara AS subsidiaries Arco Tarc OÜ, Arcojärve OÜ, Arco Spordi OÜ, Kerberon OÜ, Kodulahe Kvartal OÜ and Kodukalda OÜ, which is subject to change in the coming months. New Risk • Mar 23
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Estonian stocks, typically moving 4.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (0.1x net interest cover). Minor Risks Share price has been volatile over the past 3 months (4.0% average weekly change). Market cap is less than US$100m (€16.8m market cap, or US$18.2m). Upcoming Dividend • Feb 26
Upcoming dividend of €0.01 per share Eligible shareholders must have bought the stock before 05 March 2025. Payment date: 13 March 2025. Payout ratio is a comfortable 17% but the company is not cash flow positive. Trailing yield: 4.1%. Lower than top quartile of Estonian dividend payers (6.5%). Higher than average of industry peers (3.2%). Reported Earnings • Feb 17
Full year 2024 earnings released: €0.06 loss per share (vs €0.34 profit in FY 2023) Full year 2024 results: €0.06 loss per share (down from €0.34 profit in FY 2023). Revenue: €7.48m (down 59% from FY 2023). Net loss: €624.0k (down 118% from profit in FY 2023). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Declared Dividend • Dec 15
Dividend of €0.01 announced Shareholders will receive a dividend of €0.01. Ex-date: 5th March 2025 Payment date: 13th March 2025 Dividend yield will be 4.2%, which is higher than the industry average of 3.9%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 20% per year over the past 10 years. However, payments have been volatile during that time. Announcement • Dec 02
Arco Vara AS Announces Dividend, Payable on December 13, 2024 Arco Vara AS will pay dividends to the shareholders in the net amount of EUR 2 cents per share on 13 December 2024. The company informed that the list of shareholders who are entitled to dividends shall be fixed on 6 of December 2024, as at the end of the working day of Nasdaq CSD Estonian Settlement System, and therefore the dividend payment ex-date is on 5 of December 2024. Upcoming Dividend • Nov 28
Upcoming dividend of €0.02 per share Eligible shareholders must have bought the stock before 05 December 2024. Payment date: 13 December 2024. The company is not currently making a profit and is not cash flow positive. Trailing yield: 4.3%. Lower than top quartile of Estonian dividend payers (6.9%). Higher than average of industry peers (3.3%). Reported Earnings • Oct 28
Third quarter 2024 earnings released: €0.02 loss per share (vs €0.028 loss in 3Q 2023) Third quarter 2024 results: €0.02 loss per share (improved from €0.028 loss in 3Q 2023). Revenue: €2.15m (up €2.01m from 3Q 2023). Net loss: €156.0k (loss narrowed 46% from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. Declared Dividend • Sep 06
Dividend of €0.02 announced Shareholders will receive a dividend of €0.02. Ex-date: 5th December 2024 Payment date: 13th December 2024 Dividend yield will be 4.4%, which is higher than the industry average of 3.9%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 22% per year over the past 9 years. However, payments have been volatile during that time. Upcoming Dividend • Aug 29
Upcoming dividend of €0.01 per share Eligible shareholders must have bought the stock before 05 September 2024. Payment date: 13 September 2024. The company is not currently making a profit and is not cash flow positive. Trailing yield: 4.3%. Lower than top quartile of Estonian dividend payers (7.6%). Higher than average of industry peers (3.1%). Announcement • Aug 26
Arco Vara AS Announces Changes in the Boards of Arco Vara Subsidiaries Kodulahe Kvartal OÜ, Osaühing Kerberon, Arcojärve OÜ, Kodukalda OÜ, Kodulahe II OÜ and Arco Tarc OÜ As of September 1, 2024, Arco Vara AS' new CEO Kristina Mustonen and CFO Tiina Malm will be the new board members of Arco Vara's subsidiaries Kodulahe Kvartal OÜ, Osaühing Kerberon, Arcojärve OÜ, Kodukalda OÜ, Kodulahe II OÜ and Arco Tarc OÜ. Reported Earnings • Jul 26
Second quarter 2024 earnings released: €0.03 loss per share (vs €0.033 loss in 2Q 2023) Second quarter 2024 results: €0.03 loss per share (improved from €0.033 loss in 2Q 2023). Revenue: €943.0k (up 271% from 2Q 2023). Net loss: €339.0k (loss narrowed 2.3% from 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 14% per year. Declared Dividend • Jun 06
Dividend of €0.01 announced Shareholders will receive a dividend of €0.01. Ex-date: 5th September 2024 Payment date: 13th September 2024 Dividend yield will be 4.0%, which is about the same as the industry average. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 22% per year over the past 9 years. However, payments have been volatile during that time. Upcoming Dividend • May 29
Upcoming dividend of €0.02 per share Eligible shareholders must have bought the stock before 05 June 2024. Payment date: 13 June 2024. The company is not currently making a profit and is not cash flow positive. Trailing yield: 4.0%. Lower than top quartile of Estonian dividend payers (7.4%). Higher than average of industry peers (3.2%). Announcement • May 12
Arco Vara AS Approves Dividend for the Year Ended 31 December 2023, Payable on June 13, 2024, September 13, 2024, December 13, 2024 and March 13, 2025 Respectively The annual general meeting of shareholders of Arco Vara AS held on 9 May 2024 approved to pay dividends to the shareholders EUR 0.06 per share. The dividend will be paid out in 4 instalments as follows: EUR 0.02 per share will be paid to the shareholders on 13 June 2024 by transfer to the shareholder's bank account. The list of shareholders entitled to respective dividends (record date) shall be fixed on 6 June 2024. EUR 0.01 per share will be paid to the shareholders on 13 September 2024 by transfer to the shareholder's bank account. The respective dividend record date is on 6 September 2024. EUR 0.02 per share will be paid to the shareholders on 13 December 2024 by transfer to the shareholder's bank account. The respective dividend record date is on 6 December 2024. EUR 0.01 per share will be paid to the shareholders on 13 March 2025 by transfer to the shareholder's bank account. The respective dividend record date is on 6 March 2025. Arco Vara AS informed that the respective dividend payment ex-dates are: 5 June 2024; 5 September 2024; 5 December 2024 and 5 March 2025. Reported Earnings • Apr 26
First quarter 2024 earnings released: €0.03 loss per share (vs €0.028 loss in 1Q 2023) First quarter 2024 results: €0.03 loss per share (further deteriorated from €0.028 loss in 1Q 2023). Revenue: €990.0k (up 291% from 1Q 2023). Net loss: €349.0k (loss widened 20% from 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Declared Dividend • Apr 20
Fourth quarter dividend of €0.02 announced Shareholders will receive a dividend of €0.02. Ex-date: 5th June 2024 Payment date: 13th June 2024 Dividend yield will be 3.8%, which is about the same as the industry average. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 22% per year over the past 9 years. However, payments have been volatile during that time. Announcement • Apr 09
Arco Vara AS, Annual General Meeting, May 09, 2024 Arco Vara AS, Annual General Meeting, May 09, 2024, at 17:15 E. Europe Standard Time. Location: Tallinn at Kodulahe pavilion (address Lammi 8) Tallinn Estonia Agenda: To consider Approval of the annual report for 2023; to consider Distribution of profit and dividend payment; to consider Election of auditor; and to transact such other business matters. Upcoming Dividend • Feb 29
Upcoming dividend of €0.01 per share Eligible shareholders must have bought the stock before 07 March 2024. Payment date: 15 March 2024. The company is not currently making a profit and is not cash flow positive. Trailing yield: 3.6%. Lower than top quartile of Estonian dividend payers (6.3%). Lower than average of industry peers (4.0%). Reported Earnings • Feb 16
Full year 2023 earnings released: EPS: €0.34 (vs €0.067 in FY 2022) Full year 2023 results: EPS: €0.34 (up from €0.067 in FY 2022). Revenue: €18.3m (up 36% from FY 2022). Net income: €3.55m (up 411% from FY 2022). Profit margin: 19% (up from 5.2% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Announcement • Jan 31
Arco Vara AS Provides Earnings Guidance for the Year 2023 Arco Vara AS provided earnings guidance for the year 2023. For the period, the group updates its profit prediction for 2023, with the forecasted profit being EUR 3.6 million . Announcement • Dec 05
Arco Vara AS Announces Management Changes Arco Vara AS appointed Daniel Yordanov as its new General Manager of Arco Vara Bulgaria, and prematurely terminated the contract with the previous manager of the Bulgarian units Kaloyan Radosslavov. Daniel becomes the manager of Arco Vara AS subsidiaries Arco Vara Bulgaria EOOD, Botanica Lozen EOOD, Arco Invest EOOD, Arco Manastirski EOOD, Arco Riverside EOOD and Iztok Parkside EOOD. The management contract was signed for 3 years. The main focus and key responsibility of the newly appointed General Manager will be to continue the ongoing development of Botanica Lozen in Bulgaria, find new developments, strengthen the team and increase the overall profitability of the Bulgarian branch of the group. Before joining Arco Vara, Daniel Yordanov gained a solid track record in real estate advisory business, investment and development sector. Daniel holds a BSc in Finance (University of National and World Economy, Sofia, Bulgaria) and an MSc in Management (University of Huddersfield, UK). He has also studied real estate finance at The London School of Economics and Political Science. Upcoming Dividend • Nov 30
Upcoming dividend of €0.02 per share at 3.6% yield Eligible shareholders must have bought the stock before 07 December 2023. Payment date: 15 December 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 3.6%. Lower than top quartile of Estonian dividend payers (6.5%). In line with average of industry peers (3.9%). Reported Earnings • Oct 29
Third quarter 2023 earnings released: €0.03 loss per share (vs €0.054 profit in 3Q 2022) Third quarter 2023 results: €0.03 loss per share (down from €0.054 profit in 3Q 2022). Net loss: €290.0k (down 152% from profit in 3Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 83 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Aug 31
Upcoming dividend of €0.01 per share at 3.5% yield Eligible shareholders must have bought the stock before 07 September 2023. Payment date: 15 September 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 3.5%. Lower than top quartile of Estonian dividend payers (6.0%). Lower than average of industry peers (4.0%). Reported Earnings • Jul 28
Second quarter 2023 earnings released: €0.03 loss per share (vs €0.09 profit in 2Q 2022) Second quarter 2023 results: €0.03 loss per share (down from €0.09 profit in 2Q 2022). Revenue: €254.0k (down 97% from 2Q 2022). Net loss: €347.0k (down 137% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Upcoming Dividend • May 31
Upcoming dividend of €0.02 per share at 3.4% yield Eligible shareholders must have bought the stock before 07 June 2023. Payment date: 15 June 2023. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 3.4%. Lower than top quartile of Estonian dividend payers (5.4%). Lower than average of industry peers (4.2%). Announcement • May 20
Arco Vara AS Approves Dividend for the Year Ended on 31 December 2022, Payable on 15 June 2023, 15 September 2023, 15 December 2023, 15 March 2024, Respectively Arco Vara AS at the Annual General Meeting held on 17 May 2023, approved to pay dividends to the shareholders EUR 0.06 per share. The dividend will be paid out in 4 instalments as follows: EUR 0.02 per share will be paid to the shareholders on 15 June 2023 by transfer to the shareholder's bank account. The list of shareholders entitled to respective dividends (record date) shall be fixed on 8 June 2023; EUR 0.01 per share will be paid to the shareholders on 15 September 2023 by transfer to the shareholder's bank account. The respective dividend record date is on 8 September 2023; EUR 0.02 per share will be paid to the shareholders on 15 December 2023 by transfer to the shareholder's bank account. The respective dividend record date is on 8 December 2023; EUR 0.01 per share will be paid to the shareholders on 15 March 2024 by transfer to the shareholder's bank account. The respective dividend record date is on 8 March 2024. Reported Earnings • Apr 12
Full year 2022 earnings released: EPS: €0.07 (vs €0.22 in FY 2021) Full year 2022 results: EPS: €0.07 (down from €0.22 in FY 2021). Revenue: €13.5m (up 16% from FY 2021). Net income: €695.0k (down 66% from FY 2021). Profit margin: 5.2% (down from 18% in FY 2021). Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 20% per year. Upcoming Dividend • Mar 02
Upcoming dividend of €0.01 per share at 0.5% yield Eligible shareholders must have bought the stock before 07 March 2023. Payment date: 15 March 2023. Trailing yield: 0.5%. Lower than top quartile of Estonian dividend payers (6.5%). Lower than average of industry peers (4.3%). Reported Earnings • Feb 12
Full year 2020 earnings released: EPS €0.11 (vs €0.043 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: €14.1m (up 7.2% from FY 2019). Net income: €1.01m (up 161% from FY 2019). Profit margin: 7.2% (up from 3.0% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Feb 08
New 90-day high: €1.40 The company is up 22% from its price of €1.15 on 10 November 2020. The Estonian market is up 21% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 4.0% over the same period. Is New 90 Day High Low • Jan 22
New 90-day high: €1.34 The company is up 17% from its price of €1.15 on 23 October 2020. The Estonian market is up 21% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Real Estate industry, which is up 6.0% over the same period. Is New 90 Day High Low • Jan 04
New 90-day high: €1.25 The company is up 10.0% from its price of €1.14 on 06 October 2020. The Estonian market is up 14% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Real Estate industry, which is up 6.0% over the same period. Is New 90 Day High Low • Dec 03
New 90-day high: €1.19 The company is up 4.0% from its price of €1.14 on 04 September 2020. The Estonian market is up 10.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Real Estate industry, which is up 3.0% over the same period. 
