For investors

Stay up to date on what's happening in our company

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

Stock exchange releases
Feb 15 2024
Quarterly (Q4) 2023 report – Baltic Sea Properties AS

The Company’s unaudited quarterly (Q4) report for 2023 has been published.

Stock exchange releases
Dec 22 2023
Financial calendar 2024

The Company has published its financial calendar for 2024.

Financial reporting

Quarterly report – Q4 2023

Quarterly report – Q3 2023

Half-year report – Q2 2023

Download

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

Quarterly report – Q1 2023

Download

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

Quarterly report – Q4 2022

Download

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

Quarterly report – Q3 2022

Download

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

Half-year report (Q2) 2022

Download

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

Quarterly report – Q1 2022

Download

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

Quarterly report – Q4 2021

Download

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

Quarterly report – Q3 2021

Download

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

Half-year report – Q2 2021

Download

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

Quarterly report – Q1 2021

Download

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

Quarterly report – Q4 2020

Download

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

Quarterly report – Q3 2020

Download

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

Download

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

Quarterly report – Q1 2020

Download

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

Quarterly report – Q4 2019

Download

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

Annual report 2022

Download

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

Annual report 2021

Download

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

Annual report – 2020

Download

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

Annual report – 2019

Download

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
15.05.2024 – Annual General Meeting

15.05.2024 – Quarterly Report – Q1
14.11.2024 – Quarterly Report – Q3
13.02.2025 – Quarterly Report – Q4

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, 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

Innkalling til ordinær generalforsamling

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)

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

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

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

Extraordinary General Meeting, 28 November 2018
(Ekstraordinær Generalforsamling, 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
1 832 721
27.4 %
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
183 000
2.6 %
Eiendomskapital Norge V AS
143 060
2.1 %
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 %
Eger, Nicolai Andreas
45 600
0.6 %
Oppøyen, Alf
40 000
0.6 %
SUM - TOP 20
4 935 276
73.8 %
ISSUED - TOTAL
6 688 232
100.0 %

Updated according to EuronextVPS.no per: 29.02.2024 (adjusted for known differences)