for investors
Skala Capital has maintained above 97% occupancy across its portfolio throughout a period of rising interest rates and subdued consumer sentiment, with rent revenues growing consistently year-on-year.
  • Portfolio
    One of the largest commercial property owners in Baltics. Portfolio size is in the same league with many well known real estate funds active in the Baltics.
  • Market
    Portfolio is concentrated on Estonian market, where our key management team is located. Our assets are in the market that we know best.
  • Team
    Seasoned management team with 20 years of experience in commercial real estate management and finance.
Financial Overview
  • The Group has been profitable in each year since starting its operations.
  • The Group has improved all major portfolio metrics since inception, with shareholders’ equity growing consistently each year.
  • Since 2020, Skala Capital has raised nearly EUR 40 million in investor debt capital, including more than EUR 30 million in bonds listed on Nasdaq Baltic. Since inception, the Group has maintained a flawless track record with no delays in interest payments.
Key Financials
As of 31 December 2025
Focus
Commercial real estate in the Baltics
Market segment
Retail, stock-office, industrial, office
Number of properties
13
Market value
110.0 MEUR
Total owner’s equity
20.0 MEUR
Net leasable area
more than 70,000 m²
Net profit
5.8 MEUR
Portfolio yield
7.3 %
Occupancy rate
97.4 %
Financial reports
Audited consolidated financial statements of Skala Holding OÜ, prepared in accordance with Estonian GAAP.
Skala Holding OÜ — Annual Report 2025
Audited consolidated financial statements · PDF
Skala Holding OÜ — Annual Report 2025
Audited consolidated financial statements · BDOC