The net asset value (NAV) of EfTEN Real Estate Fund III AS was 20.0053 euros as
of 31.07.2022, increasing by 0.7% in July. The net value of the EPRA share (EPRA
NRV - accounting net value without taking into account the deferred income tax
liability and the fair value of interest derivatives) was 21.29 euros as of
31.07.2022. EPRA NAV increased by 0.8% in July.
In July, the fund earned a total of 1,122 thousand euros in consolidated rental
income, which is 7 thousand euros more than the month before. The increase was
due to the renting out vacant spaces in the Evolution office building.
During the seven months of 2022, the fund has earned a total of 7,735 thousand
euros in rental income (16% more than in the same period last year) and 6,799
thousand euros in EBITDA (also 16% more than last year), i.e. the EBITDA of
investment properties calculated on a comparable basis, increased by 9% in this
year compared to the previous year.
The fund's 7-month EPRA profit per share this year is 11.10 euros (6.1% more
than last year). Fund expenses make up 13.01% of rental income (last year:
13,03%)
The consolidated equity of EfTEN Real Estate Fund III AS was 101.478 million
euros as of 31.07.2022 (31.12.2021: 96.914 million euros).
Marilin Hein
CFO
Phone +372 6559 515
E-mail: marilin.hein@eften.ee
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