INVL Baltic Real Estate 9M profit drops on slower property value growth

INVL Baltic Real Estate SUTNTIB

30/10/2026 15:01

Overview
Lithuania real estate fund's 9-month revenue was flat yr/yr at EUR 3 mln
Net profit for 9 months fell 66% yr/yr due to lower property revaluation gains
Rental income rose at Vilniaus Street 37 and Žygio Business Centre, with high occupancy rates

Outlook
Company expects growth potential from new Talent Garden Vilnius space opening in Jan 2027
Company says 43% of new Talent Garden Vilnius space is pre-leased ahead of Jan 2027 opening

Result Drivers
RENTAL INCOME GAINS - Co said rental income increased at Vilniaus Street 37 and Žygio Business Centre, with high occupancy rates
SLOWER PROPERTY VALUE GROWTH - Co attributed lower net profit to slower real estate value growth compared to previous year
PALANGOS STREET 4 - Net rental income fell 7.1% yr/yr at Palangos Street 4, with occupancy at 83%

Company press release: ID:nGNE5j32Cw

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
9M Revenue
 
EUR 3 mln
 
9M Net Income
 
EUR 1.11 mln
 

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Oct 29 - Europe's CTP 9M profit falls on lower property revaluation
Oct 29 - European property slump deepens as higher borrowing costs force price cuts

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)