Market announcement
EfTEN Real Estate Fund AS
Category
Other corporate action
Attachments
Date
10.04.2024 08:00:00
Title
EfTEN Real Estate Fund AS’i aktsia puhasväärtus seisuga 31.03.2024
Message
EfTEN Real Estate Fund AS teenis märtsis 2 545 tuhat eurot konsolideeritud üüritulu, mis on 6 tuhat eurot vähem kui veebruaris. Üüritulu langes märtsis 33 tuhande euro võrra seoses ankurüürnikuga sõlmitud üürilepingu lõppemisega Vilniuses asuvas büroohoones. Üüritulu omakorda tõusis tänu vakantsuse vähenemisele Kekavas asuvas logistikahoones ning seoses käibeüüridega Saules Miestase, RAF Centrs ning UKU Keskuse kaubanduskeskustes. Selle aasta I kvartali konsolideeritud üüritulu on kokku 7 637 tuhat eurot, s.o 2% rohkem kui eelmisel aastal samal ajal. Fondi I kvartali konsolideeritud EBITDA on sellel aastal 6 460 tuhat eurot, s.o 0,1% rohkem kui eelmisel aastal. 2024. aasta I kvartali jooksul on EfTEN Real Estate Fund AS teeninud 2 619 tuhat eurot vaba rahavoogu (EBITDA miinus laenumaksed miinus intressikulu), mis võrreldes eelmise aasta sama perioodiga on 406 tuhat eurot vähem. Rahavoog on vähenenud peamiselt seoses EURIBORi kasvuga. Fondi I kvartali tulemuste põhjal arvutatud potentsiaalne brutodividend on 19,38 senti aktsia kohta (13% vähem kui eelmisel aastal samal ajal). Fondi tütarettevõtete pangalaenude kaalutud keskmine intressimäär oli märtsi lõpus 5,9%. Fondi laenude keskmine intressimäär püsib samal tasemel eelmise aasta novembrist alates. Fondi konsolideeritud raha jääk koos lühiajaliste hoiustega oli 31.03.2024 seisuga 20 268 tuhat eurot. Vastavalt korralise üldkoosoleku otsusele maksab fond 24. aprillil netodividende kokku 10 820 tuhat eurot (1 euro aktsia kohta). EfTEN Real Estate Fund AS'i puhasväärtus aktsia kohta oli 31.03.2024 seisuga 20,5648 eurot ja EPRA NRV 21,3555 eurot. Aktsia puhasväärtus kasvas märtsis tavapäraselt 0,5%. Marilin Hein Finantsjuht Tel. 6559 515 E-mail: marilin.hein@eften.ee
Title
The net asset value of EfTEN Real Estate Fund AS shares as of 31.03.2024
Message
In March, EfTEN Real Estate Fund AS generated a consolidated rental income of 2,545 thousand euros, which is 6 thousand euros less than in February. The rental income decreased by 33 thousand euros in March due to the expiration of a lease agreement with an anchor tenant in an office building located in Vilnius. Conversely, rental income increased due to a decrease in vacancy in a logistics building in Kekava and due to turnover rents in the Saules Miestas, RAF Centrs, and UKU shopping centers. For the first quarter of this year, the consolidated rental income totaled to 7,637 thousand euros, representing a 2% increase over the same period last year. The Fund's consolidated EBITDA for the first quarter of this year was 6,460 thousand euros, which is a 0.1% increase from last year. During the first quarter of 2024, EfTEN Real Estate Fund AS earned a free cash flow of 2,619 thousand euros (EBITDA minus loan payments minus interest expenses), which is 406 thousand euros less than the same period last year. The decrease in cash flow is primarily due to an increase in the EURIBOR. Based on the Fund's first-quarter results, the potential gross dividend is 19.38 cents per share (13% less than the same time last year). The weighted average interest rate of the Fund's subsidiaries' bank loans was 5.9% at the end of March. The average interest rate on the Fund's loans has remained steady since November of the previous year. As of March 31, 2024, the Fund's consolidated cash balance, including short-term deposits, was 20,268 thousand euros. In accordance with the decision of the general meeting, the Fund will pay a total of 10,820 thousand euros in net dividends on April 24th (1 euro per share). As of March 31, 2024, the net asset value per share of EfTEN Real Estate Fund AS was 20.5648 euros, and the EPRA NRV was 21.3555 euros. The net asset value per share increased by 0.5% in March as usual. Marilin Hein CFO Phone +372 6559 515 E-mail: marilin.hein@eften.ee