As noted in the Fitch Ratings report, the stable results of Akropolis Group are driven by high occupancy rates of leased premises, rental income growth, and increasing visitor flows in shopping and entertainment centers managed in Lithuania and Latvia, Akropolis Group reported.
Last year, the occupancy of the company’s leased real estate assets reached 99% (98.3% in 2024).
The report also states that after last year’s acquisition of the company Galio Group, the value of the real estate portfolio managed by Akropolis Group increased, as did the diversification of this portfolio across different real estate classes.
“The fact that our BB+ credit rating has been confirmed for six consecutive years is a significant recognition of Akropolis Group’s financial stability, disciplined management, and long-term strategy,” said the company’s director Gabrielė Sapon in a statement.
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According to Fitch Ratings agency, the further stability of Akropolis’s operations is ensured by increasing household consumption expenditures in Lithuania and Latvia, as well as forecasted GDP growth rates, which this year may reach 3% and 2% respectively in these countries.
In May 2025, Akropolis Group issued its first green bond issuance worth 350 million euros, with a five-year maturity and an annual interest rate of 6%.
Currently, Akropolis Group bonds are listed on the Nasdaq Vilnius and Euronext Dublin exchanges.
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