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Baltic Sea Properties (BALT) investor relations material
Baltic Sea Properties Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Rental income rose significantly year-over-year, supported by new cash flows from completed developments and portfolio expansion.
EBITDA increased by nearly 8% and Income From Property Management (IFPM) grew over 40% year-over-year, aided by lower financing costs.
The company remains focused on completing developments, sourcing acquisitions, and pursuing M&A, while maintaining strong dividend capacity.
Financial highlights
Rental income for Jan–Sep 2025 was NOK 80,549k, up from NOK 72,009k in the same period last year.
EBITDA for Jan–Sep 2025 reached NOK 57,626k, compared to NOK 53,001k for Jan–Sep 2024.
IFPM for Jan–Sep 2025 was NOK 29,955k, up from NOK 20,677k year-over-year.
Profit for Jan–Sep 2025 was NOK 22,199k, compared to NOK 24,099k in Jan–Sep 2024.
Net Asset Value (NAV) per share as of 30 Sep 2025 was NOK 73.42, up from NOK 68.35 a year earlier.
Outlook and guidance
The company targets 10–15% average annual IRR and €100m equity by end of 2028.
Focus remains on high-quality portfolio growth, risk management, and strategic M&A.
Next Baltic Sea Properties earnings date
Next Baltic Sea Properties earnings date
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