Market announcement
EfTEN United Property Fund / EFTEN Capital AS
LEI code
984500E070A0V4E8CO64
Size of the entity
Small group
Economic activities
Financial and Insurance Activities
Industry sector(s)
Management company
Country of registered office
Estonia
General information
Categories
Management interim statement or quarterly financial report
Unique data record identifier
17506
Attachments
Submission date and time
18.06.2025 08:00:33
Content of announcement in Estonian
Title
EfTEN United Property Fund osaku puhasväärtus seisuga 31.05.2025
Message
EfTEN United Property Fund teenis puhaskasumit mais 170 tuhat eurot ning 2025. aasta esimese viie kuuga 1,32 miljonit eurot (eelmisel aastal samal ajal 357 tuhat eurot). Mais tegi fond investoritele rahalise väljamakse summas 1,47 miljonit eurot ehk 57 euro senti osaku kohta. Selle tulemusena langes fondi osaku puhasväärtus (NAV) 4,4% ning oli mai lõpus 11,02 eurot. Ilma väljamakseta oleks EfTEN United Property Fund'i NAV kasvanud kuuga 0,6%. Fondi suurima investeeringu, usaldusfond EfTEN Real Estate Fund 5, millest EfTEN United Property Fund omab 36,5%, kasum oli mais 257 tuhat eurot. Usaldusfondi kasvu toetas enim eelmise aasta detsembris tehtud investeering Kristiine kaubanduskeskusesse. Mai lõpu seisuga oli keskuses vakantseid üüripindu 0,17% ning keskust omava ettevõtte EfTEN Kristiine OÜ omakapitali väärtus kasvas kuuga 1,1%. Fondi arendusinvesteeringus Uus-Järvekülas anti mais klientidele üle (sõlmiti asjaõigusleping) üks ridamaja osa. Arendusettevõte Invego Uus-Järveküla OÜ, millest fondile kuulub 80%, teenis mais 7,7 tuhat eurot kasumit. Lisaks teenis EfTEN United Property Fund investeeringult 38,3 tuhat eurot intresse. Arenduse järgmise etapi (17 ridamaja osa) valmimine on planeeritud juulisse ning enamike juba broneeritud 16 ridamaja osa asjaõiguslepingute sõlmimine algas juunis. Selle järgselt on arenduses veel müümata 5 valminud ridamaja osa. Viimase arendusetapi (32 ridamaja osa) valmimine on planeeritud 2026. aasta esimesse kvartalisse. Täpsem ülevaade EfTEN United Property Fund'i portfellist on leitav fondi kodulehel: https://eftenunitedpropertyfund.ee/fondi-tulemused/ Kristjan Tamla Tegevjuht Tel: 655 9515 E-post: [email protected] (mailto:[email protected])
Content of announcement in English
Title
Net asset value of the EfTEN United Property Fund as of 31.05.2025
Message
EfTEN United Property Fund earned a net profit of 170 thousand euros in May and 1,32 million euros in the first five months of 2025 (compared to 357 thousand euros in the same time last year). In May, the fund made a cash distribution to investors in the amount of 1.47 million euros, or 57-euro cents per unit. As a result, the fund's net asset value (NAV) decreased by 4,4% and was 11,02 euros per unit at the end of May. Without the distribution the NAV of EfTEN United Property Fund would have increased by 0,6% in May. The fund's largest investment, the EfTEN Real Estate Fund 5, of which EfTEN United Property Fund owns 36.5%, earned a profit of 257 thousand euros in May. Performance of the EfTEN Real Estate Fund 5 was primarily supported by the investment in Kristiine shopping centre, completed in December last year. As of the end of May, the centre's vacancy rate was just 0.17%, and the equity value of EfTEN Kristiine OÜ, increased by 1,1% in a month. In the fund's development investment in Uus-Järveküla, one terraced house was handed over to clients (a real right agreement was concluded) in May. The development company Invego Uus-Järveküla OÜ, of which the EfTEN United Property Fund owns 80%, earned 7.7 thousand euros in profit in May. In addition, EfTEN United Property Fund earned 38.3 thousand euros in interest income from this investment. The completion of the next development stage (17 terraced houses) is planned for July, and the signing of real right agreements for most of the 16 terraced houses that have already been booked by clients started in June. Thereafter 5 finished terraced houses in the development remain unsold. The completion of the last stage of development (32 terraced houses) is expected to be completed in the first quarter of 2026. A more detailed overview of EfTEN United Property Fund's portfolio can be found on the fund's website: https://eftenunitedpropertyfund.ee/en/fund-results-2/ Kristjan Tamla Managing Director Phone: 655 9515 E-mail: [email protected] (mailto:[email protected])