Market announcement
EfTEN Real Estate Fund AS
LEI code
4851000008JBI71L7643
Size of the entity
Medium group
Economic activities
Financial and Insurance Activities
Industry sector(s)
Management company
Country of registered office
Estonia
General information
Categories
Other price sensitive information
Unique data record identifier
10175
Attachments
Submission date and time
10.03.2023 08:00:00
Content of announcement in Estonian
Title
EfTEN Real Estate Fund AS’i aktsia puhasväärtus seisuga 28.02.2023
Message
EfTEN Real Estate Fund AS´i konsolideeritud üüritulu oli veebruaris kokku 2 495 tuhat eurot, s.o sama, mis jaanuaris. Fondi konsolideeritud puhas üüritulu (NOI) oli veebruaris 2 428 tuhat eurot, s.o 7 tuhat eurot rohkem kui jaanuaris. Fondi EBITDA oli veebruaris kokku 2 169 tuhat eurot, s.o peamiselt võrdlusperioodi auditikuludega 33 tuhat eurot rohkem kui kuu varem. Fondi konsolideeritud raha jääk oli 28.02.2023 seisuga 24 472 tuhat eurot ning raha jääk suurenes veebruaris 578 tuhande euro võrra. Veebruaris tegi fond investeeringuid olemasolevatesse kinnistutesse kokku 445 tuhande euro ulatuses, millest 84 tuhat kaeti pangalaenuga. Selle aasta kahe kuuga on fond teeninud konsolideeritud üüritulu kokku 4,99 miljonit eurot (2022: 2,2 miljonit eurot) ning EBITDA-d 4,3 miljonit eurot (2022: 1,9 miljonit eurot). Nende kinnisvarainvesteeringute osas, mis on fondi bilansis olnud vähemalt kahel järjestikusel aastal (Like-for-like), on EBITDA võrreldes eelmise aastaga suurenenud 3,1%. EfTEN Real Estate Fund AS on selle aasta kahe kuuga teeninud 2,0 miljonit eurot (2022 2 kuud: 1,0 miljon eurot) korrigeeritud rahavoogu (EBITDA miinus intressikulu miinus laenumaksed miinus Leedu ettevõtete tulumaksukulu). Sealhulgas on võrreldavatel alustel arvestatud korrigeeritud rahavoog selle aasta esimesel kahel kuul kokku 851 tuhat eurot, s.o 15% vähem kui eelmisel aastal samal ajal. Korrigeeritud rahavoog on vähenenud seoses EURIBORI kasvuga. Fondi kaalutud keskmine intressimäär oli veebruari lõpus 4,34%, s.o 1,9 korda kõrgem kui eelmise aasta suvel. Samas on fondi keskmine laenuteeninduse kattekordaja (DSCR) ka veebruaris endiselt 2,0, s.t rahaline äritegevuse kasum ületab keskmiselt kaks korda laenuportfelli annuiteetmakseid. EfTEN Real Estate Fund AS puhasväärtus aktsia kohta (NRV) oli 28.02.2023 seisuga 21,5625 eurot ja EPRA NRV 22,2124 eurot. Nii NRV kui EPRA NRV suurenesid võrreldes jaanuariga tavapäraselt 0,7%. Marilin Hein Finantsjuht Tel. 6559 515 E-mail: [email protected] (mailto:[email protected])
Content of announcement in English
Title
The net value of EfTEN Real Estate Fund AS shares as of 28.02.2023
Message
The consolidated rental income of EfTEN Real Estate Fund AS totaled to 2,495 thousand euros in February, i.e. the same as in January. The fund's consolidated net operating income (NOI) was 2,428 thousand euros in February, i.e. 7 thousand euros more than in January. The fund's EBITDA totaled to 2,169 thousand euros in February, i.e. 33 thousand euros more than the month before, mainly due to the audit costs accounted in the comparison period. The fund's consolidated cash balance was 24,472 thousand euros as of 28.02.2023, and the cash balance increased by 578 thousand euros in February. In February, the fund made investments in existing properties totaling 445 thousand euros, of which 84 thousand were covered by a bank loan. During two months of this year, the fund has earned a total of consolidated rental income of 4.99 million euros (2022: 2.2 million euros) and EBITDA of 4.3 million euros (2022: 1.9 million euros). Regarding the investment properties that were on the fund's balance sheet at least two consecutive years (Like-for- like), EBITDA has increased by 3.1% compared to last year. During two months this year, EfTEN Real Estate Fund AS has earned 2.0 million euros (2022 two months: 1.0 million euros) in adjusted cash flow (EBITDA minus interest expense minus loan payments minus income tax expense for Lithuanian companies), including 851 thousand euros calculated on a comparable basis, i.e. 15% less than at the same time last year. Adjusted cash flow has decreased due to EURIBOR growth. The fund's weighted average interest rate was 4.34% at the end of February, i.e. 1.9 times higher than last summer. At the same time, the fund's average loan service coverage ratio (DSCR) is still 2.0 in February, i.e. the profit from main operations covers twice the annuity payments of the loan portfolio. The net asset value per share (NRV) of EfTEN Real Estate Fund AS as of 28.02.2023 was 21.5625 euros and the NRV of EPRA was 22.2124 euros. Both NRV and EPRA NRV increased by 0.7% as usual, compared to January. Marilin Hein Financial manager Phone 6559 515 E-mail: [email protected] (mailto:[email protected])