Market announcement
EfTEN United Property Fund / EFTEN Capital AS
Category
Other price sensitive information
Date
10.02.2025 16:00:54
Title
EfTEN United Property Fund veebiseminari kokkuvõte
Message
10. veebruaril 2025 toimus EfTEN United Property Fund veebiseminar, kus EfTEN
Capitali AS-i tegevjuht Kristjan Tamla tutvustas EfTEN United Property Fund´i
2024.a auditeerimata tulemusi ja rääkis fondi eelolevatest plaanidest.
Veebiseminari kokkuvõte:
* EURIBORi langusega on kaasnenud Euroopa ja Skandinaavia kinnisvarasektori
ettevõtete riskide alanemine. Ettevõtete võlakirjade riskimarginaalid on
taas langenud 3-4 aasta tagusele ajale;
* Baltikumis on laenude kättesaadavus kinnisvarasektoris hea ning
laenumarginaalid on alanenud. Uut omakapitali on sektoris vähe, mistõttu on
tegu nn ostjate turuga ja suuremaid tehinguid tehakse alla bilansilise
väärtuse;
* EfTEN United Property Fund saavutas 2024. aastal rekordilise kasumi 1,623
miljonit eurot ning aasta teisel poolel paigutas kogu investeerimata
kapitali kinnisvarasse;
* Fondi portfelli lisandusid läbi usaldusfondi EfTEN Real Estate Fund 5
suurima investeeringuna UNA kaubanduspark Vilniuses ning osalus Kristiine
kaubanduskeskuses Tallinnas;
* Fondi Uus-Järveküla arendusinvesteeringus on klientide poolt ostetud või
broneeritud üle 70% arenduse lõplikust mahust. Arendus on plaanis lõpule
viia 2025. a lõpus hiljemalt 2026. a alguses;
* Fondi osaku hinda on Tallinna väärtpaberiturul surve all hoidnud ühe
investori poolne enam kui 3% suuruse positsiooni likvideerimine. 2025. a
jaanuari lõpu seisuga omas see investor veel alla 0,2% fondist (fondi osaku
börsihinna alusel alla 40 tuhande euro);
* 2025. aastal plaanib fond jaotada investoritele tulu kolmel korral:
hiliskevadel kui laekuvad alusfondidest saadavad dividendid ning kaks korda
aasta teisel poolel kui laekuvad intressid laenukapitali vormis tehtud
investeeringutelt .
EfTEN Capital AS tänab kõiki osalejaid. Veebiseminari salvestus on järele
vaadatav siit (https://youtu.be/4JcXrt_0P-s) ja presentatsiooni leiab fondi
kodulehel siit (https://eften.ee/wp-content/uploads/2025/02/EfTEN-United-
Property-Fund_webinar_2025_02.pdf).
Kristjan Tamla
Tegevjuht
Tel 655 9515
E-post: [email protected] (mailto:[email protected])
Title
Summary of the EfTEN United Property Fund webinar
Message
On 10 February 2025, a webinar of EfTEN United Property Fund was held, where
Kristjan Tamla, the managing director of EfTEN Capital AS, introduced the
unaudited 2025 results of EfTEN United Property Fund and discussed the plans of
the fund.
Summary of the webinar:
* The decline in EURIBOR has led to a decrease in the risk margins of the
European and Scandinavian real estate sector companies. The risk margins of
corporate bonds have fallen back to the level of 3-4 years ago;
* In the Baltics, the availability of bank loans in the real estate sector is
good and lending margins have decreased. There is little new equity in the
sector, making it a so-called buyer's market and major transactions are
being made below book value;
* EfTEN United Property Fund achieved a record profit of 1.623 million euros
in 2024 and in the second half of the year the portfolio became fully
invested;
* The UNA retail park in Vilnius and the Kristiine shopping center in Tallinn
through the EfTEN Real Estate Fund 5 were added to the portfolio as the
largest investments;
* In the fund's Uus-Järveküla residential development, over 70% of the final
volume of the development has been purchased or booked by clients. The
development is planned to be completed at the end of 2025 or at the
beginning of 2026;
* The fund's unit price has been under pressure on the Tallinn stock exchange
due to the liquidation of a position of more than 3% by one investor. As of
the end of January 2025, this investor owned less than 0.2% of the fund
(less than 40 thousand euros based on the stock market price of the fund's
unit);
* In 2025, the fund plans to distribute income to investors three times: in
late spring when dividends from the underlying funds are received and twice
in the second half of the year when interest on investments made in the form
of loan capital is received.
The EfTEN Capital AS would like to thank all participants. The recording of the
webinar can be followed up here (https://youtu.be/4JcXrt_0P-s) and the
presentation is available at the fund's web page here (https://eften.ee/wp-
content/uploads/2025/02/EfTEN-United-Property-Fund_webinar_2025_02-1.pdf).
Kristjan Tamla
Managing Director
Phone 655 9515
E-mail: [email protected] (mailto:[email protected])