Teate vaade
Ettevõte EfTEN Real Estate Fund AS
Tüüp Korraldatud teave
Kategooria Muud korporatiivtoimingud
Avaldamise aeg 09 juuni 2021 08:00:00 +0300
Manused
EREF_III_reports_monthly_05_2021.pdf
EREF_III_reports_monthly_05_2021.pdf
Keeleversioonid
Keel English
Valuuta
Pealkiri Net asset value of EfTEN Real Estate Fund III AS as of 31.05.2021
Tekst
The  net asset value (NAV) of EfTEN Real Estate Fund III AS as of 31.05.2021 was
16.98 euros.  The net asset  value of the  EPRA share (net  book value excluding
deferred  income tax liability and the  fair value of interest rate derivatives)
as  of 31.05.2021 was  18.12 euros. Both  NAV and  EPRA NAV increased by 0.9% in
May.

In  May, EfTEN Real Estate Fund III AS earned a total of 1,040 thousand euros in
consolidated  sales income,  which is  89 thousand euros  more than in April and
also the best result in the fund's history - the gradual end of Covid-19 related
discounts  highlight the  results of  year 2020 new  purchases. Only  the rental
income of the Saules Miestas shopping center is still 5% lower than usual, where
discounts  related to  the Covid-19 crisis  for some  customers (restaurants and
some shoe stores) are likely to continue until the end of the summer.

The  fund's  consolidated  EBITDA  was  854 thousand  euros in May, which is 52
thousand  euros higher than in April. Similarly  to sales income, it is also the
strongest result in the fund's history.

During  the five  months of  this year,  the fund  has earned EBITDA of 4.1 MEUR
(2020:  3.2 MEUR) with a sales income  of 4.9 million euros (2020 5 months: 4.0
million  euros). EBITDA has increased by  a total of 864 thousand euros compared
to  the  previous  year,  of  which  663 thousand  euros has been brought by the
addition of new real estate investments.

The  consolidated overdue debt of the Fund  was 191 thousand euros as of 31 May,
decreasing  by 174 thousand euros in  May. The overdue debt  is fully related to
the  deferred debt of Saules Miestas, which  will continue in part until the end
of August.

The consolidated cash balance of the Fund increased by 420 thousand euros in May
and amounted to 6.4 MEUR as of 31.05.2021.

The  consolidated equity  of EfTEN  Real Estate  Fund III  AS was 71.712 million
euros  as of  31.05.2021 (31.12.2020: 71.483 million  euros). The  cash received
from  the fund's latest share  issue, which ended at  the beginning of June, are
reflected in the fund's consolidated balance sheet in June.




Marilin Hein
CFO
Phone: 6559 515
E-mail: marilin.hein@eften.ee (mailto:marilin.hein@eften.ee)