State Real Estate Ltd. reports €79.5M profit after selling €55M in properties
State Real Estate Ltd. (RKAS) has reported strong financial results for 2025, with significant property sales and increased investment. The company’s operating profit rose to €79.5 million, while its portfolio continued to shift as it offloaded underused assets. Over the past three years, RKAS sold 105 properties worth a combined €55 million. In 2025 alone, it disposed of €14.7 million in unnecessary real estate. Among the notable sales were the former Ministry of Justice headquarters in Tallinn, a historic courthouse in Tartu, and the National Archives’ old building complex on Maneeži tänav, which fetched €3.86 million. The largest transaction was an Art Nouveau office building on Töönismae tänav in Tallinn, sold for €4.51 million.
Despite a slight drop in sales revenue—down €8.8 million to €177.2 million—RKAS increased its investments by €7.8 million, reaching €74.5 million in 2025. The company’s operating profit also climbed by €1.7 million, hitting €79.5 million. Currently, 39% of its active real estate portfolio serves institutions under the Ministry of Education and Research. Looking ahead, RKAS plans to sell another €12 million worth of properties this year.
RKAS has continued to streamline its holdings while boosting profits and investment. The company’s focus on selling surplus assets and reinvesting funds reflects its strategy for managing state-owned real estate. Further sales are expected in the coming months.
