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 corporate action
Unique data record identifier
10621
Submission date and time
28.09.2023 08:30:00
Content of announcement in Estonian
Title
LHV Pank uuendas EfTEN Real Estate Fund AS-i aktsiaanalüüsi
Message
LHV Pank uuendas EfTEN Real Estate Fund AS-i (EfTEN; EFT1T) aktsia analüüsi ja aktsia hinnasihti. Analüüsi kohaselt on aktsia uus hinnasiht 19 kuni 20,1 eurot, see on 0,5% kuni 6,3% kõrgem võrreldes fondi aktsia viimase sulgemishinnaga Nasdaq Tallinna börsil. Aktsia eelmine hinnasiht oli seatud 2021. aasta augustis. LHV Pank toob EfTEN Real Estate Fund AS-i puhul välja viis peamist tugevust: (i) mõõdukas võlakoormus, mis aitab fondil ilma raskusteta toime tulla ka tõusvate intressimäärade keskkonnas; (ii) üüripindade väga madal vakantsus (alla 2%); (iii) erinevate sektorite vahel hajutatud varade portfell; (iv) konservatiivselt hinnastatud portfell; (v) tugev ajalooline dividenditootlus. Analüüs on leitav EfTEN Real Estate Fund AS-i kodulehel ja LHV Panga finantsportaalis. Kristjan Tamla EfTEN Capital AS Tegevjuht Tel: 655 9515 E-post: [email protected] (mailto:[email protected])
Content of announcement in English
Title
LHV Pank updated equity research on EfTEN Real Estate Fund AS
Message
LHV Pank updated the equity research and price target of EfTEN Real Estate Fund AS (EfTEN; EFT1T) shares. According to the analysis, the new price target for the share is in the range of 19 to 20,1 euros. That is 0,5% to 6,3% above the last closing price at Nasdaq Tallinn Stock Exchange. The previous price target for the EfTEN Real Estate Fund AS shares was set in August 2021. LHV research points out five main strengths of the EfTEN Real Estate Fund AS: (i) conservative leverage policy, which allows the fund to navigate through rising interest rate environment with ease; (ii) very low vacancy rate (sub 2%); (iii) well property portfolio between different segments; (iv) conservative portfolio valuation policy; (v) solid dividend distribution track record. The analysis report is available on the website of EfTEN Real Estate Fund AS and LHV Pank Financial Portal. Kristjan Tamla EfTEN Capital AS Managing Director Tel: +372 655 9515 E-post: [email protected] (mailto:[email protected])