Market announcement
EfTEN United Property Fund / EFTEN Capital AS
LEI code
984500E070A0V4E8CO64
Size of the entity
Small group
Economic activities
Financial and Insurance Activities
Industry sector(s)
Management company
Country of registered office
Estonia
General information
Categories
Management interim statement or quarterly financial report
Unique data record identifier
10283
Submission date and time
28.04.2023 08:31:00
Content of announcement in Estonian
Title
EfTEN United Property Fund osaku puhasväärtus seisuga 31.03.2023
Message
EfTEN United Property Fund osaku puhasväärtus (NAV) oli märtsi lõpus 10,81 eurot, kahanedes kuuga 0,5%. Alates fondi loomisest 2021.a juuni lõpus, on fondi tootlus olnud 11,3% ning investeeritud kapitali tootlus 11,7%. Fondi omakapitalist on pea 30% investeerimata. Osaku puhasväärtuse langus on seotud muudatusega hindamispõhimõtetes. Alates EfTEN Kinnisvarafondi ühinemisest börsil noteeritud fondiga EfTEN Real Estate Fund III, kajastatakse ühendfondi EfTEN Real Estate Fund aktsiate väärtus nende börsihinna järgi (varem kajastati aktsia puhasväärtuse järgi). Eelneva hindamismeetodi kasutamisel oleks EfTEN United Property Fund osaku puhasväärtus kuuga tõusnud 0,2% võrra. Fondi suurematest investeeringutest jätkusid märtsis Uus-Järveküla elurajooni arenduse ehitustööd ning pangalaenu saamiseks vajalike tingimuste ette valmistamine. Aprilli lõpus valis elurajooni arendav Uus-Järveküla OÜ Coop Panga laenupakkumise, kellega sõlmiti 1,5 aasta pikkune ja 15,432 euro suurune laenuleping. Koos sellega on arenduse esimese etapi kodude ja infrastruktuuri ning osaliselt ka järgnevate etappide infrastruktuuri arendus rahastatud. Aprillis kinnitasid fondi portfellis olevad investeeringud oma dividendimaksed. EfTEN United Property Fund avaldab fondi selle aasta teise tulu jaotuse detailid mai esimesel nädalal. Täpsem ülevaade EfTEN United Property Fund portfellist on leitav fondi kodulehel: https://eftenunitedpropertyfund.ee/fondi-tulemused/ Kristjan Tamla Jaeärisuuna juht Tel: 655 9515 E-post: [email protected] (mailto:[email protected])
Content of announcement in English
Title
Net asset value of the EfTEN United Property Fund as of 31.03.2023
Message
The net asset value (NAV) of the EfTEN United Property Fund was 10,81 euros as of March 31, 2023, decreasing by 0,5% over the month. Since the start of the fund in late June 2021, the total return has been 11,3% and the return on invested capital 11,7%. The fund has almost 30% of its capital as uninvested. The decrease of the NAV is related to the change in valuation principles. After the merger of the EfTEN Kinnisvarafond with the listed fund EfTEN Real Estate Fund III, the shares of the joint fund EfTEN Real Estate Fund are valued according to their stock exchange price (before they were valued according to the NAV). If the previous valuation method was used, the NAV of the EfTEN United Property Fund unit would have increased by 0.2% in the month. Among the fund's major investments, the construction works and the preparation of the necessary conditions for obtaining a bank loan at Uus-Järveküla residential development continued in March. At the end of April, Uus-Järveküla OÜ, which is developing a residential area, chose the Coop Bank loan offer, with in the amount of EUR 15,432 and with maturity up to 1,5 years. Together with this, the development of the houses and infrastructure of the first stage of the development, and partially also the infrastructure of the subsequent stages, has been fully financed. In April, the investments in the fund's portfolio confirmed their dividend payments. EfTEN United Property Fund will publish the details of fund's second income distribution of the year in the first week of May. A more detailed overview of EfTEN United Property Fund's portfolio can be found on the fund's website: https://eftenunitedpropertyfund.ee/en/fund-results-2/ Kristjan Tamla Head of Retail Phone 655 9515 E-mail: [email protected] (mailto:[email protected])