Market announcement
EfTEN Real Estate Fund AS
Category
Other corporate action
Attachments
Date
10.09.2024 08:00:00
Title
EfTEN Real Estate Fund AS’i aktsia puhasväärtus seisuga 31.08.2024
Message
EfTEN Real Estate Fund AS teenis augustis 2 577 tuhat eurot konsolideeritud üüritulu, mis on juuliga võrreldes 4 tuhat eurot rohkem. Fondi konsolideeritud EBITDA oli augustis 2 165 tuhat eurot, mis on 54 tuhat eurot vähem kui kuu varem. Konsolideeritud EBITDA vähenes seoses provisjoniga, mille fond tegi seoses Tähesaju Hortese kinnistu müügiga. Augustis laekus fondi tütarettevõttele seoses nimetatud kinnistu võlaõigusliku müügilepingu sõlmimisega 200 tuhat eurot ettemaksu. Tähesaju Hortese kinnistu müügi asjaõigusleping plaanitakse sõlmida septembri keskel. EfTEN Real Estate Fund AS'i selle aasta kaheksa kuu konsolideeritud üüritulu on kokku 20 494 tuhat eurot, s.o 1,3% rohkem kui eelmisel aastal samal ajal. Fondi kinnisvarainvesteeringud on kaheksa kuuga teeninud 19 758 tuhat eurot puhast üüritulu (NOI), mis on 0,4% rohkem kui eelmisel aastal samal ajal. Fondi selle aasta kaheksa kuu EBITDA on sellel aastal 17 462 tuhat eurot, mis on 0,2% rohkem kui eelmisel aastal samal ajal. 2024. aasta kaheksa kuu jooksul on EfTEN Real Estate Fund AS teeninud 7 140 tuhat eurot vaba rahavoogu (EBITDA miinus laenumaksed miinus intressikulu), mis võrreldes eelmise aasta sama perioodiga on 690 tuhat eurot vähem. Rahavoog on vähenenud EURIBORi kasvust tulenevalt. Fondi selle aasta kaheksa kuu tulemuste põhjal arvutatud potentsiaalne brutodividend on 52,79 senti aktsia kohta (8,6% vähem kui eelmisel aastal samal ajal). Fondi tütarettevõtete pangalaenude kaalutud keskmine intressimäär oli augusti lõpus 5,53%, alanedes kuuga 0,08 protsendipunkti ning võrreldes aasta alguses saavutatud tipuga 0,38 protsendipunkti võrra. Fondi laenude kaalutud keskmine intressimäär oli augusti lõpus esmakordselt madalam kui aasta tagasi, 2023. aasta augustis. EfTEN Real Estate Fund AS'i puhasväärtus aktsia kohta oli 31.08.2024 seisuga 20,054 eurot ja EPRA NRV 20,8629 eurot. Aktsia puhasväärtus kasvas augustis 0,6%. Marilin Hein Finantsjuht Tel. 6559 515 E-mail: marilin.hein@eften.ee (mailto:marilin.hein@eften.ee)
Title
The net asset value of EfTEN Real Estate Fund AS shares as of 31.08.2024
Message
EfTEN Real Estate Fund AS earned 2,577 thousand euros consolidated rental income in August, which is 4 thousand euros more compared to July. The fund's consolidated EBITDA in August was 2,165 thousand euros, which is 54 thousand euros lower than the previous month. The decrease in consolidated EBITDA was due to a provision related to the sale of the Tähesaju Hortese property. In August, the fund's subsidiary received a prepayment of 200 thousand euros in connection with the conclusion of a conditional sales agreement for the property. The formal sales contract for the Tähesaju Hortese property is planned to be signed in mid-September. For the first eight months of this year, EfTEN Real Estate Fund AS reported total consolidated rental income of 20,494 thousand euros, increasing by 1.3% increase compared to the same period last year. The fund's investment properties earned 19,758 thousand euros net operating income (NOI) over the eight-month period, a 0.4% increase year-on-year. The fund's EBITDA for the eight months of this year was 17,462 thousand euros, up 0.2% from the same period last year. In the first eight months of 2024, EfTEN Real Estate Fund AS earned 7,140 thousand euros free cash flow (EBITDA minus loan payments minus interest expenses), which is 690 thousand euros less than in the same period last year. The cash flow has decreased due to the increase in EURIBOR. Based on the fund's performance in the first eight months, the potential gross dividend is estimated at 52.79 cents per share, which is 8.6% lower than at the same time last year. As of the end of August, the weighted average interest rate on the loans of the fund's subsidiaries was 5.53% decreasing by 0,08 percentage points in a month and 0,38 percentage points as compared to the peak at the start of a year. For the first time, the fund's month end weighted average interest rate was in August lower compared to a year ago - in August 2023. The net asset value (NAV) per share of EfTEN Real Estate Fund AS as of 31 August 2024 was 20.054 euros, and the EPRA NRV was 20.8629 euros. The NAV per share increased by 0.6% in August. Marilin Hein CFO Phone +372 6559 515 E-mail: marilin.hein@eften.ee