INVL Baltic Real Estate

Business and Financial Review • Nov 10, 2015

Key information of INVL Baltic Real Estate, AB of 9 months of 2015

About INVL Baltic Real Estate, AB

The Group of INVL Baltic Real Estate was established on 29 April 2014 on the basis of the part of the assets split-off from Invalda INVL, AB.

INVL Baltic Real Estate seeks to earn from investments in commercial real estate, ensuring the growth of rental income. The companies of INVL Baltic Real Estate have invested in office, warehouse, manufacturing real estate objects in Lithuania and Latvia. Group companies own about 51,700 sq. m of real estate space as of 30 September 2015. On 1 October 2015 the company has acquired 6,500 square metres of commercial premises in Vilnius Gynėjų str. 14.

On 17 August 2015 the parent entity, which shares are listed on the Baltic Secondary list of NASDAQ Vilnius from 4 June 2014, was merged into the company. Shares of the Company are listed on NASDAQ Vilnius stock exchange since 16 September 2015. Simplified group structure of INVL Baltic Real Estate

Real estate objects owned by group companies of INVL Baltic Real Estate, AB in Vilnius (Lithuania)

Real estate objects owned by group companies of INVL Baltic Real Estate, AB in Riga (Latvia)

Key figures of INVL Baltic Real Estate group

EUR million (if not stated otherwise)	30 September 2014	30 September 2015
Managed common area	51,676 sq. m	51,676 kv. m
Managed rental area	40,500 sq. m	40,500 kv. m
The real estate value	33.80	41.94
Value of the loans granted for companies in Latvia	4.12	-
Long-term prepayment under the sublease agreement	0.82	0.82
Cash	0.20	0.81
Other assets	0.63	1.30
ASSETS	39.57	44.87
Equity	14.32	16.36
Loans from credit institutions	15.35	17.97
Loans from Invalda INVL	5.40	5.39
Deferred tax liability	3.54	3.67
Other payables	0.96	1.48
TOTAL EQUITY AND LIABILITIES	39.57	44.87

Income of INVL Baltic Real Estate group

EUR million	30 September 2014	30 September 2015
Income	2.112	4.156
rental income from own objects	1.067	2.142
rental income from property owned by clients	0.690	1.270
other income	0.355	0.744
Profit before tax	0.299	1.984
Net profit	0.261	1.870