Steady Growth of INVL Baltic Real Estate in 2025
INVL Baltic Real Estate has delivered impressive financial results for the first nine months of 2025, with a consolidated net profit reaching EUR 3.25 million. This demonstrates a significant increase from EUR 1.02 million during the same period in 2024, evidencing the company's strong growth trajectory.
Revenue Analysis and Property Management
The company's consolidated revenue stood at EUR 3 million, showcasing a slight decrease of 1.9% from the previous year. The primary driver for this growth in profit was an increase in the value of key properties, particularly at Palangos St. 4 / Vilniaus St. 33 and the recently renovated Vilniaus St. 37.
High-Value Real Estate Developments
In particular, Vilniaus St. 37, located in the historic heart of Vilnius, represents both a challenge and an opportunity. The company is committed to respecting the cultural heritage of the area while ensuring profitable investment outcomes. Vytautas Bakšinskas, real estate fund manager, emphasizes the importance of this balance for long-term success.
Impact of Rental Income on Financial Results
For the period of January to September, consolidated rental income witnessed a 2.1% dip, totaling EUR 1.9 million. The office building at Palangos St. 4 and Vilniaus St. 33 served as a cornerstone of the company's portfolio, generating a net operating income of EUR 1.14 million, reflecting a decline of 9.8% compared to last year.
Occupancy Rates and Future Projects
At the end of September 2025, the occupancy rate for this flagship property was held at 90%. Meanwhile, the newly refurbished Vilniaus St. 37 building also reached a solid occupancy rate of 90%, generating EUR 0.45 million in rental income during the first three quarters. The Žygis Business Centre reported a rental income of EUR 0.28 million, slightly lower than in 2024, influenced by temporary tenant changes.
Strategic Future Developments
In an exciting development, INVL Baltic Real Estate has completed the architectural design project for the upcoming reconstruction of the Pramog? bankas building, with renovation work set to commence early in 2026. This project represents a strategic move to enhance the company's asset base while contributing to the urban fabric of Vilnius.
Value Growth of Managed Properties
By the end of September 2025, the overall value of the company's real estate portfolio had risen to EUR 47.4 million—an 11.4% increase from the previous year. The consolidated equity reached EUR 27.78 million, translating to a value of EUR 3.49 per share and marking a growth of 21.4% year-over-year.
About INVL Baltic Real Estate
INVL Baltic Real Estate operates with an impressive portfolio consisting of office buildings in Vilnius' cultural hotspots and a substantial piece of land at Dommo Logistics and Industrial Park. With occupancy rates between 82% and 98%, the company is well-positioned in the market.
Steady Returns to Investors
Since its establishment in December 2016, INVL Baltic Real Estate has consistently delivered stable returns to retail investors, distributing a cumulative EUR 2.38 per share in dividends. As a leading player in the Baltic real estate sector, the company continues to prioritize sustainability and strategic growth in its endeavors.
About INVL Asset Management
INVL Asset Management, recognized as the preeminent alternative asset manager in the Baltics, is committed to optimizing returns for its investors. With over 30 years of experience, the company manages approximately EUR 2 billion across diverse asset classes, contributing positively to regional economic development.
Frequently Asked Questions
What was the net profit of INVL Baltic Real Estate in 2025?
INVL Baltic Real Estate recorded a consolidated net profit of EUR 3.25 million for the first nine months of 2025.
How did rental income perform in 2025?
Consolidated rental income decreased by 2.1% to EUR 1.9 million compared to the same period in 2024.
What occupancy rate was reported for key properties?
The occupancy rates for the major properties, including those on Vilniaus St. 37, were 90% at the end of September 2025.
What future projects does INVL Baltic Real Estate have planned?
INVL Baltic Real Estate plans to start renovations on the Pramog? bankas building in early 2026, following the completion of its architectural design project.
How has the value of managed properties changed?
The value of INVL Baltic Real Estate's portfolio increased by 11.4%, reaching EUR 47.4 million by the end of September 2025.
