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
16757
Submission date and time
02.12.2024 08:46:28
Content of announcement in Estonian
Title
Enlight Research uuendas EfTEN Real Estate Fund AS-i aktsiaanalüüsi
Message
Enlight Research uuendas EfTEN Real Estate Fund AS-i (EfTEN; EFT1T) aktsiaanalüüsi ja aktsia hinnasihti. Analüüsi kohaselt on aktsia õiglane väärtus baasstsenaariumi kohaselt 22,51 eurot. Aktsia õiglane väärtus jäi muutumatuks võrreldes Enlight Research'i poolt septembris avaldatud analüüsiga ja on 3,51 eurot kõrgem võrreldes aktsia viimase sulgemishinnaga Tallinna Väärtpaberiturul ning võrreldes 06.12.2024 lõppeva fondi täiendavate aktsiate avaliku pakkumisehinnaga. Enlight Research toob EfTEN Real Estate Fund AS-i puhul välja järgmised aspektid: (i) soodsa ajaperioodi saabumine portfelli kasvatamiseks; (ii) madal konkurents ärikinnisvara ostupoolel; (iii) intressikulude langus ja selle positiivne mõju kasumlikkusele ning vabale rahavoole (iv) stabiilselt madalal püsiv vakantsuse tase; (v) atraktiivne dividenditootlus, mis praeguse turuhinna juures ületab 5% taset. Analüüs on leitav EfTEN Real Estate Fund AS-i kodulehel ja Enlight Research'i kodulehel. Kristjan Tamla EfTEN Capital AS Tegevjuht Tel: 655 9515 E-post: [email protected] (https://www.globenewswire.com/Tracker?data=PadInn3c883LLrM7uNWiAAMhRBcWgQe0BjTY 3fEcicr3EJSOBHstVhTgdCsBDrJruOQNf9cMXlMwvWFKUlZNlnVdeE0-kGI8efSb3j7t94o=)
Content of announcement in English
Title
Enlight Research updated equity research on EfTEN Real Estate Fund AS
Message
Enlight Research updated the equity research and price target of EfTEN Real Estate Fund AS (EfTEN; EFT1T) shares. According to the analysis, the fair value of the share is 22.51 euros under the base scenario. This is unchanged as compared to the analysis published by Enlight Research in September and 3,51 euros higher compared to the last closing price of the stock on the Tallinn Stock Exchange as well as compared to the offer price of the public offering of additional shares finishing on December 6, 2024. Enlight Research points out the following aspects regarding EfTEN Real Estate Fund AS: (i) favourable time to expand the property portfolio; (ii) low comperition on a buy side in commercial real estate market; (iii) decreasing interest expenses and the resulting positive effect on profitability and free cash flow; (iv) a steadily low vacancy level (v) attractive dividend yield, which exceeds 5% at current market price. The analysis can be found on the website of EfTEN Real Estate Fund AS and the website of Enlight Research. Kristjan Tamla EfTEN Capital AS Managing Director Tel: +372 655 9515 E-post: [email protected] (https://www.globenewswire.com/Tracker?data=PadInn3c883LLrM7uNWiAAMhRBcWgQe0BjTY 3fEcicrItW9rSfE5bjc6-YcYYRaaT4yfZ851sLY_kdhlpMB0mps599SyXnGlnH2SDQQD9Lo=)