Baltic Sea Properties
Q2 2022
half-year report
Baltic Sea Properties AS | Half-year report | Q2 2022 |
About us
The company is among the Baltics' leading real estate investors and developers - owning a portfolio of logistics, industrial and retail assets. Per the end of 2nd quarter 2022, the portfolio had generated a total rent income of apx. MEUR 3.2.
In addition to refining the current portfolio Baltic Sea Properties has ambitions to strenghten the portfolio with new cash flow and development projects which will increase shareholder values and the company's dividend capacity.
The property management is conducted through fully-owned subsidiaries by a professional management team with deep knowledge of the Baltic real estate market.
Baltic Sea
Properties
BSP Asset | BSP Holding | BNTP | |||||
Management | |||||||
BSP Logistics
BSP Retail
BSP Industrial
BSP Opportunities
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Baltic Sea Properties AS | Half-year report | Q2 2022 |
Contents
About us | 2 |
Highlights | 6 |
CEO's comment | 8 |
Key figures | 10 |
Financials | 16 |
Profit & loss statement | 17 |
Balance sheet | 18 |
Financing | 19 |
Earnings & Net Asset Value | 20 |
Market update from Newsec Baltics | 22 |
Property portfolio | 24 |
Clients | 25 |
Presentation of our properties | 26 |
Land bank | 35 |
Contact | 36 |
Our team | 37 |
Euronext Growth Oslo | 39 |
Appendix | 40 |
I) Statement
- Profit/Loss Statement & Balance sheet (Group)
- Cash flow statement (Group) IV) Notes
Disclaimer:
This report has been prepared by Baltic Sea Properties AS in good faith and to our best ability with the purpose to give the company's shareholders updated information about the company's operations and status. This document must not be understood as an offer or encouragement to invest in the company. The financial figures presented are unadited and may thus include discrepancies. Baltic Sea Properties AS further makes reservations that errors may have occurred in its calculations of key figures or in the development of the report which may contribute to an inaccurate impression of the company's status and/or operations. The report also includes descriptions and comments which are based on subjective assumptions and considerations, and thus must not be understood as a guarantee of future events or future profits.
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Baltic Sea Properties AS | Half-year report | Q2 2022 |
Investment strategy
Investing in Baltic Sea Properties gives an investor great exposure to high yielding quality commercial real estate assets in the Baltic region.
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 are to:
01 Target an average annual IRR of 12-16 %
02 Target an annual dividend of 1.5-3 % of Net Asset Value (NAV)
03 Adopt leading industry sustainability & ESG principles before Y/E 2023
04 Monitor and investigate strategic M&A opportunities
05 Sustain a growing, high-quality and balanced investment portfolio
06 Continually identify, balance, mitigate and manage risks
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Baltic Sea Properties AS | Half-year report | Q2 2022 |
Our development approach
01 | 02 | 03 | 04 |
Client focus | Long-term | Attractive | Quality |
locations | real estate | ||
Our projects are | We believe in long | We own and acquire | We design and build |
designed according | term partnership | development land in | our projects with a |
to our clients' current | with strong clients | strategic locations | focus on superior |
and future needs. We | and are committed | for current and | design, quality |
offer our partners | to increasing the | future park and | materials, modern |
reliability, flexibility | lifecycle value of our | portfolio expansion. | technology and |
and value innovation | assets | sustainability. | |
- allowing us to grow | |||
together |
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Baltic Sea Properties AS published this content on 26 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 August 2022 07:20:02 UTC.