For investors

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Investment strategy

Investing in Baltic Sea Properties AS gives an investor great exposure to high yielding quality commercial real estate assets in the Baltic region. We have a full service, professional management team with deep knowledge of the Baltic real estate market, and are one of the most recognised developers/owners of logistics and industrial space in the Baltics.

We have a clear strategy for sustainable growth, ambitions to achieve economy of scale and believe the attractive yield spread to the Nordics will still enable both high cash yield returns and value growth potential.

Our overall goals and objectives and further investment strategy are presented below.

Geography Baltic states (primarily)
Equity allocation > 65 % Investment
< 35 % Development
Asset type > 65% Industrial & Logistics
< 35% Other/Opportunity*

* Including retail, office, DIY, hotels, residential, social & other infrastructure, renewable energy, related private equity investments, etc.

Leverage (ratio for RE portfolio) < 60 % LTV (Loan to Value)

Goals & objectives

To target an average annual IRR (internal rate of return) of 12-16 %

To target an annual dividend of 1.5-3.0 % of NAV (Net Asset Value)

To continually integrate leading sustainability & ESG (environment, social, governance) principles

To monitor and investigate strategic M&A (mergers and acquisitions) opportunities

To sustain a growing, high quality and balanced investment portfolio - by continually researching, learning and developing our business & investment strategies.

To continually identify, balance, mitigate and manage risks in the organisation, portfolio and individual projects.

Stock exchange releases

Other news Stock exchange releases
Aug 26 2022
Half-year report (Q2) 2022

The Company’s unaudited half-year (Q2) report has been published.

Financial reporting

Half-year report (Q2) 2022

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The half-year report (Q2) 2022 of Baltic Sea Properties was published on the 26th of August 2022.

Quarterly report – Q1 2022

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The first-quarter report (Q1) 2022 of Baltic Sea Properties was published on the 20th of May 2022.

Quarterly report – Q4 2021

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The fourth-quarter report (Q4) 2021 of Baltic Sea Properties was published on the 22nd of February 2022.

Quarterly report – Q3 2021

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The third-quarter report (Q3) 2021 of Baltic Sea Properties was published on the 18th of November 2021.

Half-year report – Q2 2021

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The half-year report (Q2) 2021 of Baltic Sea Properties was published on the 27th of August 2021.

Quarterly report – Q1 2021

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The first-quarter report (Q1) 2021 of Baltic Sea Properties was published on the 14th of May 2021.

Quarterly report – Q4 2020

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The fourth-quarter report (Q4) 2020 of Baltic Sea Properties was published on the 15th of February 2020.

Quarterly report – Q3 2020

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The third-quarter report (Q3) 2020 of Baltic Sea Properties was published on the 27th of November 2020.

There will be a virtual quarterly presentation for the shareholders on Tuesday 1st of December 2020, at 11:00 CET. Shareholders who wish to follow the video stream are kindly asked to send an e-mail about this to post@balticsea.no by Monday the 30th of November, 16:00 CET.

Half-year report – Q2 2020

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The half-year report (Q2) 2020 of Baltic Sea Properties was published on the 28th of August 2020.

Quarterly report – Q1 2020

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The first-quarter report (Q1) 2020 of Baltic Sea Properties was published on the 11th of May 2020.

Quarterly report – Q4 2019

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The fourth-quarter report (Q4) 2019 of Baltic Sea Properties was published on the 14th of February 2019.

Annual report 2021

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The Group’s annual report for 2021 was published on the 27th of April 2022.

Annual report – 2020

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The Group’s annual report for 2020 has been published on the 26th of March 2021.

Annual report – 2019

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The annual report 2019 of Baltic Sea Properties was published on the 2nd of April 2020.

Financial year 2022

FINANCIAL YEAR 2022

26.08.2022 – Half-yearly Report
27.04.2022* – Annual Report
01.06.2022* – Annual General Meeting

20.05.2022* – Quarterly Report – Q1
10.11.2022 – Quarterly Report – Q3
22.02.2023 – Quarterly Report – Q4

The dates of the financial calendar are subject to change.

* Date updated.

For more information, please contact:

Lars Christian Berger
CEO
+47 930 94 319
Lcb@Balticsea.no

General meetings

Annual General Meeting, 16 April 2021

Annual General Meeting, 16 April 2020

Annual General Meeting, 5 April 2019

Extraordinary General Meeting, 28 November 2018

Listed on Euronext Growth Oslo

Baltic Sea Properties (BALT) has been listed on Euronext Growth Oslo (formerly ”Merkur Market”) since 2017 a multilateral trading facility (MTF) part of Oslo Stock Exchange.

Through Euronext, the company has access to the largest liquidity pool of international capital in Europe, powered by a single order book on the Optiq® platform.

About Euronext
About Oslo Stock Exchange
Euronext Live | Baltic Sea Properties (BALT)

Top 20 shareholders

Name
Holding
Stake
UAB Baltic Equity
1 779 721
26.6 %
Centralkirken
1 098 260
16.4 %
Carpe Diem Afseth AS
376 434
5.6 %
Pippi Invest AS
225 000
3.4 %
Trivon AS
225 000
3.4 %
Gambit AS
159 182
2.4 %
Eiendomskapital Norge V AS
115 796
1.7 %
Pascal Holding AS
103 703
1.6 %
Lilleby, Dag Haakon
100 000
1.5 %
Olav Hjorteset AS
91 481
1.4 %
Rieve Kapital AS
86 838
1.3 %
Andersen-Gott, Tore
59 139
0.9 %
Hjorteset, Olav
58 519
0.9 %
Dupuy, Pascal Frederic
57 658
0.9 %
Dupuy, Berit Myhre
57 657
0.9 %
Bonavista AS
52 628
0.8 %
Brødrene Hjorteset AS
52 578
0.8 %
JED Invest AS
46 000
0.7 %
Oppøyen, Alf
40 000
0.6 %
Pensum Asset Management
40 000
0.6 %
SUM - TOP 20
4 825 594
72.2 %
ISSUED - TOTAL
6 688 232
100.0 %

Updated according to EuronextVPS.no per: 22.09.2022 (adjusted for known differences)