)
Baltic Sea Properties (BALT) investor relations material
Baltic Sea Properties Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved solid operational performance in H1 2026, with profit rising to €3.42m from €1.34m year-over-year, despite a temporary vacancy at BSP Park Vilnius East and sale-related one-offs.
Portfolio value increased to €126.1m, reflecting a valuation uplift driven by CPI-linked rental growth and modest yield compression.
Maintained high customer satisfaction and low vacancy, with NOI margin at 93.4% across the standing portfolio.
Distributed a NOK 2.00 per share dividend and executed share buybacks at a significant discount to NAV.
Financial highlights
Rental income was €4.37m, down from €4.60m in H1 2025 due to temporary vacancy and asset sales.
EBITDA reached €3.08m (margin 68.4%), while income from property management was €1.57m.
EPRA earnings amounted to €1.28m, or NOK 1.65 per share.
Net LTV stood at 46.8%, with interest coverage ratio at 2.18x (including mezzanine interest).
Portfolio value rose to €126.1m from €114.7m year-over-year.
Outlook and guidance
Contracted rents indicate a stronger H2 2026, with income from property management now ahead of budget.
Priorities include letting remaining space at Liepų Parkas and Vilnius East, progressing asset sales, and maintaining stable dividends.
Lithuania's economy is forecast to grow 3.1% in 2026, supporting property market fundamentals.
- Q1 2026 saw stable growth in rental income, NAV, and improved leverage metrics.BALT
Q1 2026 - 2025 saw 10% income growth, higher NAV, and share buybacks amid improved financial metrics.BALT
Q4 2025 - Strong rental growth, higher EBITDA, and robust portfolio expansion drive value creation.BALT
Q3 2025 - Rental income and EBITDA grew 11% year-over-year, with strong cash flow and ongoing developments.BALT
Q2 2025 - Rental income and NAV rose, net profit increased, and funding costs are expected to improve.BALT
Q3 2024 - Strong H1 2024 results, improved profit, and solid growth despite market headwinds.BALT
Q2 2024 - Q1 2025 delivered strong rental growth, higher EBITDA, and improved leverage metrics.BALT
Q1 2025 - Solid financial results, portfolio growth, and improved market outlook position BSP for 2025.BALT
Q4 2024
Next Baltic Sea Properties earnings date
Next Baltic Sea Properties earnings date
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
Frequently asked questions
Explore our global coverage
)
)