Quarterly (Q1) 2025 report – Baltic Sea Properties (BALT)
Quarterly (Q1) 2025 report – Baltic Sea Properties (BALT)
Oslo, 15 May 2025, 08:10 CEST.
We are pleased to present our Q1 2025 report, marking another period of revenue growth (12%) and sustained cash flow development.
Our EBITDA grew to MNOK 19.5 compared to MNOK 17.4 first quarter last year, and income from property management (IFPM)increased to MNOK 10.2 vs MNOK 6.6 same period last year. The increase is largely due to higher rent from new projects and lower financing costs.
We remain committed to our long-term value creation, maintaining our dividend capacity, and strengthening our ESG performance. Accordingly, our 2025 focus includes completing key developments, sourcing new acquisitions, refinancing our portfolio, and identifying and pursuing M&A opportunities.
For more detailed insights into our financial performance and strategic initiatives, please review the attached Q1 2025 quarterly report.
For further information, please contact:
Lars Christian Berger,
CEO
Phone: +47 930 94 319
Email: [email protected]
The information in this announcement is subject to disclosure requirements under
the EU Market Abuse Regulation (MAR) and listing rules for Euronext Growth Oslo.
Baltic Sea Properties is an open-ended and fully integrated real estate
investment company. The company is among the Baltics’ leading real estate
investors and developers – owning a diversified cash flow generating portfolio
of modern real estate in the logistics, industrial and commercial segments