The real estate investment company INVL Baltic Real Estate had EUR 25.4 million consolidated equity at the end of March 2025. Equity per share was EUR 3.19 and, taking into account the influence of dividends that were paid, increased 11.6% from a year earlier.<\/p>\n
The company had a consolidated net profit of EUR 0.14 million in the first quarter of this year, 34% less than in the same period last year when the net profit was EUR 0.22 million.<\/p>\n
The company\u2019s consolidated revenue in January-March amounted to EUR 0.93 million and was 11.5% less than in the same period of 2024. That includes consolidated rent income from own properties, which shrank 14.5% from a year earlier to EUR 0.56 million. INVL Baltic Real Estate\u2019s consolidated net operating income from the properties it owns amounted to EUR 0.5 million and was 30% less than in the first quarter of 2024.<\/p>\n
\u201cThe Group\u2019s profit and rent income decreased due the sale, completed in November 2024, of some of the assets of Dommo Biznesa Parks in Latvia. The company\u2019s other properties maintained a high level of occupancy,\u201d says Vytautas Bak\u0161inskas, the real estate fund manager at INVL Asset Management, which manages INVL Baltic Real Estate.<\/p>\n
INVL Baltic Real Estate\u2019s largest portfolio property \u2013 the office building in the Lithuanian capital at the intersection of Palangos Street 4 and Vilniaus Street 33 which houses the Talent Garden Vilnius coworking space \u2013 had net operating income of EUR 0.34 million in the first quarter of 2025, 15% less than in the same period last year. The facility had an occupancy level of 91% at the end of March this year.<\/p>\n
The \u017dygis Business Centre\u2019s had rent income of EUR 0.09 million in the first quarter of this year, or 10% less than in January-March 2024. Rental income was briefly impacted by short-term tenant changes at the beginning of the year, but by the end of the first quarter, the occupancy rate of the property was back to 100%.<\/p>\n
The value of INVL Baltic Real Estate\u2019s investment properties at the end of March 2025 was EUR 43.55 million, which is 2.3% higher than at the end of the last year.<\/p>\n
\u201cIn the past quarter, we entered the final stretch in the reconstruction of the building at 37 Vilniaus Street in Vilnius, which is quickly nearing completion. Based on signed lease agreements, the property currently has an occupancy of 87%. We\u2019re also actively continuing design work for remodelling the Pramog\u0173 Bankas building,\u201d Vytautas Bak\u0161inskas says.<\/p>\n
About INVL Baltic Real Estate<\/strong><\/p>\n INVL Baltic Real Estate owns real estate in Vilnius and Riga: office buildings in the Old Town of the Lithuanian capital on Vilniaus Street and in \u0160iaur\u0117s Miestelis, the Pramog\u0173 bankas in the centre of Vilnius, and the 52-ha of land in Dommo Logistics and Industrial Park by the juncture of highway A8 and the A5 Riga bypass road. The company\u2019s properties had occupancies of 75% to 100% at the end of March 2025.<\/p>\n INVL Baltic Real Estate currently owns properties with a total area of 19,300 sq. m., the value of the real estate at the end of March 2025 was EUR 43.6 million.<\/p>\n Since its launch as a collective investment undertaking (on 22 December 2016), INVL Baltic Real Estate has been one of the Baltic real estate funds open to retail investors with the highest stable returns. The INVL Baltic Real Estate operates as a closed-ended investment company which is managed by INVL Asset Management, the leading alternative asset manager in the Baltics. INVL Baltic Real Estate will operate as a closed-end investment company until 2046, with extension possible for a further 20 years.<\/p>\n About INVL Asset Management<\/strong><\/p>\n INVL Asset Management is the leading Baltic alternative asset manager. We strive to deliver superior risk-adjusted returns to our investors while positively impacting our region’s economic development.<\/p>\n We are part of the Invalda INVL group with a track record spanning over 30 years. Our group manages or have under supervision more than EUR 1.6 billion of assets across multiple asset classes including private equity, forests and agricultural land, renewable energy, real estate as well as private debt. Our scope of activities also includes family office services in Lithuania, Latvia and Estonia, management of pension funds in Latvia, and investments in global third-party funds. Further information www.invl.com\/en\/.<\/p>\n Important information<\/strong><\/p>\n This is a marketing communication of an information nature, which is not and shall not be construed as an offer to purchase investment shares of a collective investment undertaking, an investment recommendation, or investment research, as it is not designed to take into account the investment objectives, financial situation, or needs any individual investor.<\/p>\n When investing, the investors assume the risk associated with the investment. The value of investments can both rise and fall, and an investor may recover less than he\/she\/it has invested. Past investment results do not guarantee the same results or profitability in the future. Past performance is not a reliable indicator of future performance. Before making a decision to invest, potential investors should, on their own or with the help of investment advisers, assess the suitability of the investment for them along with the taxes and fees related to the investment, consider all the risks related to the investment, and carefully read the articles of association, prospectus and other documents of the respective collective investment undertaking.<\/p>\n","protected":false},"excerpt":{"rendered":" The real estate investment company INVL Baltic Real Estate had EUR 25.4 million consolidated equity at the end of March 2025. Equity per share was EUR 3.19 and, taking into account the influence of dividends that were paid, increased 11.6% from a year earlier. The company had a consolidated net profit of EUR 0.14 million […]<\/p>\n","protected":false},"author":4,"featured_media":200153,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[311],"tags":[367],"class_list":["post-200155","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-invl-baltic-real-estate","tag-real-assets"],"acf":[],"yoast_head":"\n