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
17481
Attachments
Submission date and time
11.06.2025 08:00:41
Content of announcement in Estonian
Title
EfTEN Real Estate Fund AS’i aktsia puhasväärtus seisuga 31.05.2025
Message
EfTEN Real Estate Fund AS teenis mais 2 643 tuhat eurot konsolideeritud üüritulu, kasvades kuuga 33 tuhande euro võrra. Üüritulu kasv tulenes peamiselt logistikasektori üüritulu suurenemisest (sh mais teenis Paemurru logistikakeskus esimese täiskuu üüri) ning hooldekodude segmendi lepingujärgsetest üüritõusudest. Fondi konsolideeritud EBITDA oli mais 2 229 tuhat eurot (aprillis 2 183 tuhat eurot). Korrigeeritud rahavoog (EBITDA miinus laenumaksed ja intressikulu) ulatus 1 148 tuhande euroni, kasvades aprilliga võrreldes 138 tuhande euro võrra. Portfelli vakantsus vähenes 4,0%-ni, s.o 0,7 protsendipunkti seoses uute üürlepingute sõlmimisega Pärnu mnt 102 büroohoones Tallinnas. 2025. aasta esimese viie kuuga on fond teeninud 12,9 miljonit eurot üüritulu (+1,3% võrreldes eelmise aastaga). Fondi konsolideeritud EBITDA on sellel aastal 10,6 miljonit eurot, s.o 2,7% vähem kui eelmisel aastal, peamiselt seoses vakantsete pindade kommunaalkuludega büroohoonete segmendis. Konsolideeritud intressikulu on aastatagusega võrreldes 768 tuhat eurot väiksem ning fondi kaalutud keskmine intressimäär langes mais 4,09%-ni, olles nüüd 2023. aasta alguse tasemel. Viie kuuga on fond teeninud 5,4% rohkem vaba rahavoogu kui eelmise aasta samal perioodil. Fondi aktsia puhasväärtus (NAV) oli mai lõpu seisuga 19,7782 eurot ning EPRA NRV 20,6479 eurot, Nii NAV kui ka EPRA NRV kasvasid mais 0,7%. Marilin Hein Finantsjuht Tel. 6559 515 E-mail: [email protected] (mailto:[email protected])
Content of announcement in English
Title
Net Asset Value of EfTEN Real Estate Fund AS as of 31 May 2025
Message
In May, EfTEN Real Estate Fund AS earned consolidated rental income of EUR 2,643 thousand, increasing by EUR 33 thousand compared to April. The increase in rental income is mainly related to the higher revenue in the logistics segment (including the first full month of rental income from the Paemurru logistics centre) and contract-based rent increases in the elderly care segment. The Fund's consolidated EBITDA in May totalled EUR 2,229 thousand (April: EUR 2,183 thousand). Adjusted cash flow (EBITDA less loan principal repayments and interest expenses) amounted to EUR 1,148 thousand, an increase of EUR 138 thousand compared to April. The portfolio vacancy rate decreased to 4.0% (down 0.7 percentage points), mainly due to new lease agreements signed in the office building at Pärnu mnt 102 in Tallinn. During the first five months of 2025, the Fund has earned EUR 12.9 million in rental income, a 1.3% increase compared to the same period last year. Consolidated EBITDA for the year stands at EUR 10.6 million, 2.7% lower year- over-year, primarily due to utility costs related to vacant space in the office segment. Consolidated interest expenses have decreased by EUR 768 thousand compared to last year, and the Fund's weighted average interest rate fell to 4.09% in May, reaching the same level as at the beginning of 2023. In 5 months this year, the Fund has earned 5,4% more free cash-flow than during the same period last year. As of the end of May, the Fund's net asset value (NAV) per share was EUR 19.7782, and the EPRA NRV was EUR 20.6479. Both NAV and EPRA NRV increased by 0.7% over the month. Marilin Hein CFO Phone +372 6559 515 E-mail: [email protected] (mailto:[email protected])