Real Estate Development - The Kalaranna development in Tallinn has reached substantial completion with 68 sold apartments and an overall sales rate of nearly 60% [1] - In Kristiine City, four projects are in the design and building permit application phase, expected to add approximately 35,000 sqm of GBA and around 350 residential units [2][3] - The White Building project in Kristiine City has progressed well, achieving a 57% sellout with final completion expected by November–December 2025 [4] - A new 7-story residential building with 90 units has begun excavation and foundation works, with approximately 11% of units sold [5] - The Blue Marine project in Riga, consisting of 101 residential units, is set to break ground in July 2025, following the successful sales of River Breeze Residence [6] - In Vilnius, the final stage of Šaltinių Namai Attico is on schedule with a 35% sellout in villas and 10% in the commercial building [7] - A new high-end residential complex is planned on Naugarduko Street in Vilnius, featuring approximately 50 luxury apartments, with renovation works expected to start at the end of 2025 [8] Hotel Operations - Hotel performance in Q1 2025 was slightly below last year's level due to a decline in individual demand, particularly in February, but recovery is expected in the coming quarters [9][10] Other Operations - The Group's subsidiaries in Italy are strengthening their presence in the real estate market, with a significant increase in business activity noted since April 2025 [11][12] - Preatoni Nuda Proprietà is evaluating new acquisition opportunities to resume trading activities [13] Financial Performance - Total revenue for Q1 2025 was €12.5 million, a significant increase from €3.1 million in Q1 2024 [16] - Gross profit for Q1 2025 rose to €4.2 million compared to €0.9 million in the same period of 2024, with a gross profit margin of 34% [19][22] - The operating result for Q1 2025 was a profit of €2.5 million, compared to a loss of €0.7 million in Q1 2024 [20][22] - The net result for Q1 2025 was a profit of €1.9 million, compared to a loss of €1.7 million in the reference period [20][22] - Cash generated from operating activities during Q1 2025 was €1.3 million, compared to €1.7 million used in the same period of 2024 [20] Key Performance Indicators - Total assets as of March 31, 2025, were €121.1 million, up from €105.9 million a year earlier [22] - Total liabilities increased to €68.0 million from €52.0 million year-over-year [22] - Net asset value per share was €0.94 as of March 31, 2025, compared to €0.95 a year earlier [21][22]

Key Highlights SINGAPORE, May 07, 2025 (GLOBE NEWSWIRE) -- Lendlease Global Commercial Trust Management Pte. Ltd. (the "Manager"), the manager of Lendlease Global Commercial REIT ("LREIT"), announces its third quarter business update for FY2025. Operational Performance LREIT's portfolio committed occupancy remained stable at 92.1% as at 31 March 2025. Lease expiry profile remained well-spread with only 1.2% by NLA and 2.4% by gross rental income ("GRI") due for renewal in FY2025. LREIT continued to maintain ...