SATO in Brief
SATO is one of Finland’s leading corporate investors in housing. SATO owns a total of some 23,000 rentable homes in Finland’s largest centres of urban growth and St. Petersburg. SATO’s investment assets had a fair value of roughly 1.5 billion euros at the end of 2009. It is SATO’s aim to expand its rented housing stock to provide quality housing for 50,000 satisfied residents in 2020.
70 Years of Providing Good Housing
SATO's value proposition is 'A Home the Way You Want It, showing that operations are based on an understanding of the customers' housing needs and on providing the right kind of housing solutions. Boosting customer satisfaction is one of SATO's key objectives.
The housing portfolio is actively developed to meet changing customer needs through servicing and maintenance combined with investment and divestment. In the past five years, investments have averaged 100 million euros and divestments have totalled approximately 34 million euros a year. SATO also develops new housing as investment housing for the Group and for sale. In the past roughly ten per cent of Finland's housing stock was built on commissions from SATO.
Most of the renting of homes is done at the offices of the SATO Housing Service (SATO-Asuntopalvelu). The number of leases signed per year is roughly 7,000.
SATO's personnel is comprised of about 130 housing professionals. The largest shareholders are Finnish pension companies and insurers.
The SATO Group's turnover in 2009 was 230.4 million euros, operating profit was 70.8 million euros and the profit before taxes was 30.2 million euros.