Public Property Invest reports strong Q3 growth, expands portfolio

Public Property Invest ASA reported a 56% increase in net operating income to NOK 245 million for Q3 2025, with net income from property management rising 40% to NOK 113 million. This performance contributed to a year-to-date net income from property management of NOK 321 million. The company's chief executive, André Gaden, highlighted ample liquidity and strategic positioning for continued growth, underscored by positive fair value changes in investment properties totaling NOK 18 million for the quarter.

The company's portfolio expanded through the acquisition of eight properties in Norway, alongside an agreement for one property under construction in Finland, adding approximately 25,400 sqm. As of September 30, 2025, the portfolio comprises 104 properties with a market value of NOK 15.6 billion, boasting a 98% occupancy rate and an average lease term (WAULT) of 7.5 years.

Financially, PPI maintains an EPRA LTV of 45.3% and a Net debt/Run rate EBITDA multiple of 8.3. The company also issued a new NOK 300 million, 3-year floating rate bond with a coupon 3m NIBOR + 159 bps during the quarter. This solid financial structure supports ongoing development projects and future acquisitions.