Baltic Sea Properties reports strong Q3 growth, robust cash flow

Baltic Sea Properties has released its Q3 2025 report, showcasing continued growth and strong cash flow. Rental income for the first nine months of 2025 reached €6.9m, up from €6.2m in the same period last year, driven by new cash flows from recently completed developments. EBITDA grew by almost 8% to €4.9m, while income from property management surged by over 40% year-on-year to €2.6m, supported by lower financing costs.

The company's portfolio consists of 13 investment projects, totaling 131,000 m² GLA, with a contracted rent of €9.4m and a WAULT of 9.0 years. Key financial figures for Q3 2025 show a net asset value of NOK 73.42 per share and a gross asset value of €117.0m. The company maintains a net loan-to-value of 47.1% and an NOI yield of 8.00%.

Baltic Sea Properties aims for 10-15% average annual IRR and €100m equity by the end of 2028, with an annual dividend's share of net asset value between 1.5-3.0%.