Orava Residential REIT is the first real estate fund in REIT (Real Estate Investment Trust) form in Finland. Orava Funds is responsible for the management of the operations of Orava Residential REIT; it has been granted the authorisation of an alternative investment fund manager and its operations are supervised by the Financial Supervisory Authority.
Orava Residential REIT invests in Finnish rental apartments and its targeted return on shareholders’ equity is 10% in a year. It attempts to distribute dividends four times a year, and its dividend return objective is 7–10% of its net assets per share. The shares of Orava Residential REIT are listed on the main list of the Helsinki Stock Exchange.
Persons considering investment should take into account that risks are related to the investment in the shares of Orava Residential REIT. It is not necessarily possible to distribute dividends as required, and the market price of the share on the Helsinki Stock Exchange may vary considerably due to the housing market situation, investors’ expectations, uncertainty factors related to price formation and liquidity, the result of business operations, changes in the development and the new shares issued.