This article was updated on June 16, 2022, to include revised EBITDA margin calculations in the financial peer comparison and financial summary tables. Overview Key strengths Key risks --Robust market position in the Baltics retail market, with large shopping centers generating high retailers? sales and footfall. --Concentration risk to a limited number of five assets and small portfolio (around €1.0 billion), making the company more vulnerable to any market volatility than larger and more diversified players. --High occupancy levels above 95%, that should translate into steady rental income generation over the next 12 months. --Operations in the Baltic markets, which do not have strong legal barriers to entry regarding potential new competition in the retail real estate segment. --Prudent financial
