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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

Stock exchange releases
May 23 2024
Key information relating to the proposed cash dividend to be paid by Baltic Sea Properties AS

Key information relating to the proposed cash dividend (subject to AGM´s approval, to be held on 6th of June)

Stock exchange releases
May 23 2024
Financial calendar updated

The financial calendar for 2024 has been updated.

Financial reporting

Quarterly report – Q1 2024

Download

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

Quarterly report – Q4 2023

Download

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

Quarterly report – Q3 2023

Download

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

Download

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

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
06.06.2024* – Annual General Meeting

15.05.2024 – Quarterly Report – Q1
14.11.2024 – 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

Notice of Annual General Meeting, 6 June 2024
(Innkalling til Ordinær Generalforsamling, 6. juni 2024)

Annual General Meeting in Baltic Sea Properties AS will be 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.         Notice of Annual General Meeting on Thursday 6 June 2024
2.         The annual accounts 2023 (including the auditor’s report)
3.         Registration / power of attorney form
4.         Nomination committee’s recommendation for election of the board

An update on the company’s operations will be given prior to the general meeting. The presentation will start at 10:00 and the annual general meeting will be held as soon as this briefing has been completed.

The board has decided to propose a NOK 1.75 pr share dividend distribution with ex-date on 6th of June. For more information please see the notice documentation and stock exchange news which will be distributed shortly.

The general meeting can be followed online if requested:

Shareholders who wish to follow the general meeting online may send a request to the Company per e-mail (post@balticsea.no), by the 4th of June 2024 at 10:00 CEST and will receive an invitation in return. Such online participation shall not be deemed as attendance at the general meeting and it will not give any rights to cast vote at the general meeting. Shareholders who wish to attend and/or cast vote at the general meeting must send registration forms/proxy forms to the Company in accordance with the procedures as set out in the form.

Questions regarding the Annual General Meeting, registration/power of attorney form and/or video transfer from the meeting may be addressed to CEO Lars Christian Berger at +47 930 94 319/ Lcb@balticsea.no.

For more information, please contact:

Lars Christian Berger
CEO
Phone: +47 930 94 319
Lcb@balticsea.no

 


Ordinær Generalforsamling i Baltic Sea Properties AS vil bli 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.         Innkalling til Ordinær Generalforsamling, torsdag 6. juni 2024
2.         Årsregnskap 2023 (inkludert revisjonsrapport)
3.         Påmeldings- og fullmaktsskjema
4.         Valgkomiteens innstilling for styrevalg

En oppdatering om selskapets drift vil bli gitt i forkant av generalforsamlingen. Presentasjonen vil starte kl  10:00 og den ordinære generalforsamlingen vil avholdes så snart denne oppdateringen er gjennomført.

Styret har besluttet å foreslå en utdeling av NOK 1,75 pr aksje i utbytte med ex-dato den 6. juni. For mer informasjon, vær vennlig å se innkallingsdokumentasjonen og børsmeldinger som vil publiseres snarlig.

Generalforsamlingen kan følges online ved forespørsel:

Aksjonærer som ønsker å følge generalforsamlingen online kan sende en forespørsel til Selskapet per e-post (post@balticsea.no), innen den 4. juni 2024 kl 10:00 og vil motta en invitasjon i retur. Slik online deltakelse må ikke anses som oppmøte på generalforsamlingen og det vil ikke gi rett til å avgi stemme ved generalforsamlingen. Aksjonærer som ønsker å delta og/eller avgi stemme ved generalforsamlingen må sende påmeldings-/fullmaktsskjema til Selskapet i henhold til stegene beskrevet i skjemaet.

Spørsmål angående den ordinære generalforsamlingen, påmelding/fullmaktsskjema og/eller videooverføring fra møtet kan rettes til CEO Lars Christian Berger på +47 930 94 319/ Lcb@balticsea.no.

For mer informasjon, kontakt:
Lars Christian Berger
Administrerende Direktør
Tlf: +47 930 94 319
Lcb@balticsea.no

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)

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
1 837 721
27.5 %
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
4 940 276
73.9 %
ISSUED - TOTAL
6 688 232
100.0 %

Updated according to EuronextVPS.no per: 21.05.2024 (adjusted for known differences)