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Baltic Sea Properties (BALT) investor relations material
Baltic Sea Properties Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Focuses on logistics, industrial, and retail real estate with a portfolio of 13 projects totaling 131,000 m² GLA and €121.4m GAV.
Maintains long-term, triple-net leases with solid tenants, ensuring stable cash flows and predictable returns.
Strategic presence in Lithuania and Norway, leveraging regional growth in logistics and industrial demand.
Financial highlights
Rental income for Q1 2026 was €2.34m, up 1.4% year-over-year from €2.31m in Q1 2025.
EBITDA for Q1 2026 reached €88k, compared to €62k in Q1 2025.
Net profit for Q1 2026 was NOK 8.48m, slightly up from NOK 8.30m in Q1 2025.
Net Asset Value (NAV) per share was €6.62 at 31 March 2026, up from €6.23 a year earlier.
Dividend yield on NAV was 2.75%, with an occupancy rate of 96% and WAULT of 8.9 years.
Outlook and guidance
Targets 10–15% average annual IRR and €100m equity by end of 2028.
Aims for annual dividends of 1.5–3.0% of NAV.
Strategy includes strategic M&A, portfolio growth, and active risk management.
- 2025 saw 10% income growth, higher NAV, and share buybacks amid improved financial metrics.BALT
Q4 202527 Feb 2026 - Strong rental growth, higher EBITDA, and robust portfolio expansion drive value creation.BALT
Q3 202514 Nov 2025 - Rental income and EBITDA grew 11% year-over-year, with strong cash flow and ongoing developments.BALT
Q2 202529 Aug 2025 - Rental income and NAV rose, net profit increased, and funding costs are expected to improve.BALT
Q3 202413 Jun 2025 - Strong H1 2024 results, improved profit, and solid growth despite market headwinds.BALT
Q2 202413 Jun 2025 - Q1 2025 delivered strong rental growth, higher EBITDA, and improved leverage metrics.BALT
Q1 20256 Jun 2025 - Solid financial results, portfolio growth, and improved market outlook position BSP for 2025.BALT
Q4 20245 Jun 2025
Next Baltic Sea Properties earnings date
Next Baltic Sea Properties earnings date
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