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INVL Baltic Real Estate Interim unaudited information for 6 months of 2025
Globenewswireยท 2025-08-20 17:27
Core Insights - INVL Baltic Real Estate reported a consolidated net profit of EUR 2.96 million for the first half of 2025, a significant increase from EUR 0.82 million in the same period of 2024, representing a growth of 3.6 times [1][2] - The company's consolidated revenue for January to June 2025 was EUR 1.94 million, which is a decrease of 5.6% compared to EUR 2.05 million in the first half of 2024 [1][4] - As of June 2025, the company's consolidated equity was EUR 27.5 million, with equity per share increasing by 21.1% year-on-year [3] Financial Performance - The consolidated net operating income from owned properties decreased by 19.7% year-on-year to EUR 1.2 million [4] - The rental income from the largest property, located at Palangos St. 4 / Vilniaus St. 33, was EUR 0.7 million, down 12.4% from the previous year [7] - The occupancy rate of the properties managed by the company ranged from 82% to 98% at the end of June 2025 [9] Property Management - The value of the real estate managed by INVL Baltic Real Estate was EUR 47.2 million at the end of June 2025, an increase of 11% from the end of the previous year [8][10] - The company has been involved in significant renovation projects, particularly at Palangos St. 4 / Vilniaus St. 33, which is expected to enhance future financial results [5] - The occupancy rate of the property housing the Saint-Malo restaurant and other tenants was 91% at the end of June 2025 [6]