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
10625
Submission date and time
29.09.2023 08:30:00
Content of announcement in Estonian
Title
EfTEN United Property Fund osaku puhasväärtus seisuga 31.08.2023
Message
EfTEN United Property Fund osaku puhasväärtus (NAV) oli augusti lõpus 10,49 eurot, alanedes kuuga 1,1%. NAVi langus oli seotud EfTEN Real Estate Fund AS- iga, mille aktsia sulgus Nasdaq Tallinna börsil augustis 8,4% võrra madalamal tasemel kui kuu tagasi. Septembris on EfTEN Real Estate Fund AS-i aktsia hind taastunud enam kui poole augustis kaotatud väärtusest. Fondi teiste investeeringute väärtus kasvas augustis keskmiselt 0,5% võrra. Augustis fond uusi investeeringuid ei teinud. Fondi suurim investeering, EfTEN-i büroohoone (endine nimetus Danske büroohoone) Vilniuses, saavutas taas täies mahus täituvuse. Sellega on objekti üüritulu ca 26% võrra kõrgem võrreldes ostueelse tasemega, mil büroohoone peamiseks üürnikuks oli Danske pank. Käesoleva aasta kevadel avatud Kaunase üürimaja täituvus on tänaseks tõusnud 90%le. Detailsem EfTEN United Property Fund portfelli ülevaade on leitav fondi kodulehel: https://eftenunitedpropertyfund.ee/fondi-tulemused/ Kristjan Tamla Tegevjuht 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 31.08.2023
Message
The net asset value (NAV) of EfTEN United Property Fund was 10.49 euros as of August 31, 2023 decreasing by 1.1% over the month. The decrease in NAV was related to the investment into the listed EfTEN Real Estate Fund AS, which shares closed 8,4% lower on the Nasdaq Tallinn stock exchange in August. In September, the share price of EfTEN Real Estate Fund AS has recovered more than half of the value lost in August. The value of all other investments increased by an average of 0.5% in August. In August, the fund did not make any new investments. The fund's largest investment, the EfTEN office building (formerly known as Danske office building) in Vilnius, reached full occupancy. With this, the property's rental income is about 26% higher compared to the pre-purchase level when the main tenant was Danske bank. The occupancy rate of the Kaunas rental apartment building, which opened in the spring, has increased to 90%. 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 Managing Director Phone 655 9515 E-mail: [email protected] (mailto:[email protected])