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 net IRR (internal rate of return) of 10-15 %

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
Oct 01 2024
Liepų Parkas development update – video

3 months to go to the completion of the construction of the first phase of Liepų Parkas project and we are happy to share a progress video from beautiful sunny Klaipėda.

Stock exchange releases
Aug 15 2024
Half-Year Report (Q2) 2024 – Baltic Sea Properties (BALT)

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Financial reporting

Half-Year Report (Q2) 2024 – Baltic Sea Properties (BALT)

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Quarterly report – Q1 2024

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The Q1 2024 quarterly report of Baltic Sea Properties was published on the 15th of May 2024.

Quarterly report – Q4 2023

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The Q4 2023 quarterly report of Baltic Sea Properties was published on the 15th of February 2024.

Quarterly report – Q3 2023

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The Q3 2023 quarterly report of Baltic Sea Properties was published on the 16th of November 2023.

Half-year report – Q2 2023

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The half-year (Q2) 2023 report of Baltic Sea Properties was published on the 23rd of August 2023.

Quarterly report – Q1 2023

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The Q1 2023 quarterly report of Baltic Sea Properties was published on the 16th of May 2023.

Quarterly report – Q4 2022

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The quarterly report (Q4) 2022 of Baltic Sea Properties was published on the 28th of February 2023.

Quarterly report – Q3 2022

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The quarterly report (Q3) 2022 of Baltic Sea Properties was published on the 18th of November 2022.

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 2023

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The Group’s annual report for 2023 was published on the 11th of April 2024.

Annual report 2022

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The Group’s annual report for 2022 was published on the 19th of April 2023.

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 2024

FINANCIAL YEAR 2024

15.08.2024 – Half-yearly Report
11.04.2024 – Annual Report
06.06.2024* – Annual General Meeting

15.05.2024 – Quarterly Report – Q1
21.11.2024 – Quarterly Report – Q3
13.02.2025 – Quarterly Report – Q4

* Date updated.

This information is published pursuant to the requirements set out in the Continuing obligations. The dates of the financial calendar are subject to change.

Financial year 2023

FINANCIAL YEAR 2023

23.08.2023* – Half-yearly Report
19.04.2023* – Annual Report 2022
03.05.2023 – Annual General Meeting

16.05.2023* – Quarterly Report – Q1
16.11.2023 – Quarterly Report – Q3
15.02.2024* – 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

This information is published pursuant to the requirements set out in the Continuing obligations for companies trading on Euronext Growth Oslo.

General meetings

Annual General Meeting, 6 June 2024
(Ordinær Generalforsamling, 6. juni 2024)

— Norsk melding følger —

The Annual General Meeting in Baltic Sea Properties AS was held on the 6th of June 2024 10:00 CEST at Christiania Qvartalet, Grev Wedels Plass 7, 0151 Oslo. 

The following documents are available for download:

1.        The Minutes from the AGM, including voting protocol and presentation
2.         Notice of Annual General Meeting on Thursday 6 June 2024
3.         The annual accounts 2023 (including the auditor’s report)
4.         Registration / power of attorney form
5.         Nomination committee’s recommendation for election of the board

Ordinær Generalforsamling i Baltic Sea Properties AS ble avhold torsdag 6. juni 2024 kl. 10:00 i Christiania Qvartalet, Grev Wedels Plass 7, 0151 Oslo.

De følgende dokumentene er tilgjengelige for nedlastning:

1.         Referat fra ordinær generalforsamling, inkludert stemmeprotokoll og presentasjon
2.         Innkalling til Ordinær Generalforsamling, torsdag 6. juni 2024
3.         Årsregnskap 2023 (inkludert revisjonsrapport)
4.         Påmeldings- og fullmaktsskjema
5.         Valgkomiteens innstilling for styrevalg

Annual General Meeting, 3 May 2023
(Ordinær Generalforsamling, 3. mai 2023)

— Norsk melding følger —

The Annual General Meeting in Baltic Sea Properties AS was held on the 3rd of May 2023 10:00 CEST at Christiania Qvartalet, Grev Wedels Plass 7, 0151 Oslo.

Documents available for download:

  1. Minutes from Annual General Meeting, 3rd of May 2023
  2. Presentation from Annual General Meeting, 3rd of May 2023
  3. Notice of Annual General Meeting on Wednesday 3 May 2023
  4. The annual accounts 2022 (including the auditor’s report)
  5. Registration / power of attorney form
  6. Nomination committee’s recommendation for election of the board

Ordinær generalforsamling i Baltic Sea Properties AS ble avholdt den 3. mai 2023 kl. 10:00 i Christiania Qvartalet, Grev Wedels Plass 7, 0151 Oslo.

Dokumenter tilgjengelige for nedlastning:

  1. Referat fra Ordinær Generalforsamling, 3. mai 2023
  2. Presentasjon fra Ordinær Generalforsamling, 3. mai 2023
  3. Innkalling til ordinær generalforsamling, 3. mai 2023
  4. Årsregnskapet 2022 (inkludert revisors beretning)
  5. Påmeldings-/fullmaktsskjema
  6. Valgkomiteens innstilling

Annual General Meeting, 1 June 2022
(Ordinær Generalforsamling, 1. juni 2022)

Minutes from Annual General Meeting, 1st of June 2022

Presentation from Annual General Meeting, 1st of June 2022

Annual General Meeting, 16 April 2021
(Ordinær Generalforsamling, 16. april 2021)

Protocol (in Norwegian)

Presentation

Annual General Meeting, 16 April 2020
(Ordinær Generalforsamling, 16. april 2020)

Protocol (in Norwegian)

Presentation

Annual General Meeting, 5 April 2019
(Ordinær Generalforsamling, 5. april 2019)

Protocol (in Norwegian)

Presentation

 

Extraordinary General Meeting, 28 November 2018
(Ekstraordinær Generalforsamling, 28. november 2018)

Protocol (in Norwegian)

Presentation

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
3 316 700
38.1 %
CENTRALKIRKEN
1 098 260
12.6 %
CARPE DIEM AFSETH AS
400 000
4.6 %
TRIVON AS
250 000
2.9 %
AURIS AS
236 734
2.7 %
PIPPI INVEST AS
225 000
2.6 %
GAMBIT AS
193 204
2.2 %
EIENDOMSKAPITAL NORGE V AS
165 560
1.9 %
PASCAL HOLDING AS
103 703
1.2 %
LILLEBY, DAG HAAKON
100 000
1.1 %
OLAV HJORTESET AS
91 481
1.0 %
RIEVE KAPITAL AS
86 838
1.0 %
BRØDRENE HJORTESET AS
64 823
0.7 %
THOCA INVEST AS
60 000
0.7 %
ANDERSEN-GOTT, TORE
59 139
0.7 %
HJORTESET, OLAV
58 519
0.7 %
DUPUY, PASCAL FREDERIC
57 658
0.7 %
DUPUY, BERIT MYHRE
57 657
0.7 %
EGER, NICOLAI ANDREAS
56 600
0.6 %
BONAVISTA AS
52 628
0.6 %
SUM - TOP 20
6 763 155
77.2 %
ISSUED - TOTAL*
8 696 077
100.0 %

Updated according to VPS.no (Euronext) per: 13.06.2024 (adjusted for known differences).

* After private placement and Subsequent offering. For more information, please refer to https://balticsea.no/news/