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
10416
Attachments
Submission date and time
09.06.2023 08:00:00
Content of announcement in Estonian
Title
EfTEN Real Estate Fund AS’i aktsia puhasväärtus seisuga 31.05.2023
Message
EfTEN Real Estate Fund AS'i konsolideeritud üüritulu oli mais kokku 2 554 tuhat eurot, s.o 12 tuhat eurot rohkem kui aprillis. Üüritulu kasvas peamiselt seoses üüri indekseerimiste ning käibeüüridega kaubanduskeskuste kinnistuid omavates ettevõtetes. Fondi tütarettevõte sõlmis mais Betooni 6 logistikakeskuse üürnikuga kokkuleppe hoone üüripinna laiendamiseks 739,2 m2 võrra. Peale ehitustöid hakkab üürniku kasutuses olema 3184,2 m2 (kogu hoone neto-üüripinnast 18,5%). Investeeringu suurus on 956 tuhat eurot, mida finantseerib SEB Pank. Investeeringu üüritootlus on kokkuleppe kohaselt 8,5%. Intressikulud kasvasid mais 638 tuhande euroni (10 tuhande euro võrra). Fondi laenude kaalutud keskmine intressimäär oli mais 5,13% (aprillis 4,94%). Kõiki fondi laene teenindatakse tavapäraselt ning kõikide kinnisvarainvesteeringute äritegevuse rahavoog ületab igakuised laenu- ja intressimaksed. Tänavuse aasta viie kuu jooksul on fond teeninud konsolideeritud üüritulu kokku 12,6 miljonit eurot (2022: 5,5 miljonit eurot) ning EBITDA-d 10,83 miljonit eurot (2022: 4,85 miljonit eurot). Selle aasta konsolideeritud üüritulu sisaldab EfTEN Kinnisvarafond AS-ga ühinemisel lisandunud kinnisvarainvesteeringute üüritulu kogusummas 6,77 miljonit eurot, mis võrreldes EfTEN Kinnisvarafond AS'i eelmise aasta sama perioodiga on kasvanud 6,0%. Nende kinnisvarainvesteeringute osas, mis on fondi bilansis olnud vähemalt kahel järjestikusel aastal (Like-for- like), on üüritulu võrreldes eelmise aastaga suurenenud 4,7%. Selle aasta viie kuu jooksul on EfTEN Real Estate Fund AS teeninud investoritele 36,81 senti (eelmisel aastal 39,84 senti) potentsiaalset brutodividendi aktsia kohta. Potentsiaalne brutodividend aktsia kohta on peamiselt EURIBORi kasvu tulemusel võrreldes eelmise aastaga vähenenud 7,6%. Fondi konsolideeritud raha jääk oli 31.05.2023 seisuga 14 672 tuhat eurot ning raha jääk vähenes mais 13 556 tuhande euro võrra, s.h maksti aktsionäridele dividende ja dividendidega kaasnevat tulumaksu kokku 14 246 tuhat eurot. EfTEN Real Estate Fund AS'i puhasväärtus aktsia kohta oli 31.05.2023 seisuga 20,7838 eurot ja EPRA NRV 21,458 eurot. Aktsia puhasväärtus kasvas mais tavapäraselt 0,7%. Marilin Hein Finantsjuht Tel. 6559 515 E-mail: [email protected] (mailto:[email protected])
Content of announcement in English
Title
The net asset value of EfTEN Real Estate Fund AS shares as of 31.05.2023
Message
In May, EfTEN Real Estate Fund AS consolidated rental income was 2,554 thousand euros, i.e., 12 thousand euros more than in April. The rental income increased primarily due to rent indexations and turnover rents in companies owning shopping center properties. In May, the fund's subsidiary entered into an agreement with the tenant of the Betoon 6 logistics center to expand the rental area of the building by 739.2 m2. After the construction works, the tenant will use 3184.2 m2 (18.5% of the total NLA of the building). The investment amounts to 956 thousand euros, which is financed by SEB Pank. According to the agreement, the rental yield of the investment is 8.5%. Interest expenses increased in May to 638 thousand euros (by 10 thousand euros). The fund's weighted average interest rate in May was 5.13% (4.94% in April). All the fund's loans are being serviced as usual, and the operating cash flow exceeds the monthly principal and interest payments in all properties. In the first five months of this year, the fund has earned a consolidated rental income of 12.6 million euros (2022: 5.5 million euros) and EBITDA of 10.83 million euros (2022: 4.85 million euros). This year's consolidated rental income includes rental income from investment properties added during the merger with EfTEN Kinnisvarafond AS, totaling 6.77 million euros, which has grown by 6.0% compared to the same period last year. For those investment properties that have been in the fund's balance sheet for at least two consecutive years (Like-for- like), the rental income has increased by 4.7% compared to the previous year. In the first five months of this year, EfTEN Real Estate Fund AS has earned potential gross dividends per share of 36.81 cents for investors (last year 39.84 cents). The potential gross dividend per share has decreased by 7.6% compared to the previous year, mainly due to the increase in EURIBOR. As of May 31, 2023, the consolidated cash balance of the fund was 14,672 thousand euros, and the cash balance decreased in May by 13,556 thousand euros, incl. distributed dividends to shareholders and the accompanying income tax totaling 14,246 thousand euros. The net asset value per share of EfTEN Real Estate Fund AS was 20.7838 euros as of May 31, 2023, and EPRA NRV was 21.458 euros. The net asset value per share grew by a usual 0.7% in May. Marilin Hein CFO Phone +372 6559 515 E-mail: [email protected]