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
17828
Attachments
Submission date and time
09.10.2025 08:00:28
Content of announcement in Estonian
Title
EfTEN Real Estate Fund AS’i aktsia puhasväärtus seisuga 30.09.2025
Message
EfTEN Real Estate Fund AS teenis 2025. aasta septembris konsolideeritud üüritulu 2 701 tuhat eurot, jäädes augustiga samale tasemele. Fondi konsolideeritud puhasüüritulu (NOI) oli septembris 2 606 tuhat eurot, vähenedes võrreldes augustiga 16 tuhande euro võrra. NOI vähenes peamiselt seoses Leedu tütarettevõtte kõrgema käibemaksu proportsioonikuluga. 2025. aasta üheksa kuu jooksul teenis fond konsolideeritud üüritulu kokku 23,68 miljonit eurot, mis on 2,7% rohkem kui eelmise aasta samal perioodil. Konsolideeritud EBITDA oli samal perioodil 19,89 miljonit eurot, suurenedes aastatagusega võrreldes 1,2%. Korrigeeritud rahavoog (EBITDA miinus laenude tagasimaksed miinus intressikulud) on selle aasta üheksa kuu kokkuvõttes 9,53 miljonit eurot, mis on 19% rohkem kui eelmisel aastal samal ajal. Seda eelkõige tänu uutest soetustest ja arendustest lisandunud rahavoole ning madalamatele intressikuludele tulenevalt EURIBOR'i langusest. Fondi kaalutud keskmine intressimäär oli septembri lõpus 3,95% (sama, mis augustis). Üheksa kuu tulemuste põhjal on fond teeninud investoritele potentsiaalset brutodividendi 66,66 senti aktsia kohta, mis on 12,6% rohkem kui mullu samal perioodil. Lisaks planeerib fondivalitseja dividendimakse suurendamiseks refinantseerida pangalaene kinnistutel, kus äritegevuse rahavoog ületab laenu- ja intressimakseid rohkem kui 2 korda ning laenu LTV on langenud liiga madalale. Fondi puhasväärtus (NAV) aktsia kohta oli septembri lõpus 20,4379 eurot, kasvades kuuga 0,7% ja EPRA NRV oli septembri lõpus 21,3280 eurot, kasvades kuuga 0,8%. 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 30 September 2025
Message
EfTEN Real Estate Fund AS earned consolidated rental income of EUR2,701 thousand in September 2025, remaining at the same level as in August. The Fund's consolidated net operating income (NOI) amounted to EUR2,606 thousand, decreasing by EUR16 thousand compared to August. The decrease in NOI was mainly due to higher VAT-related proportionate expenses in the Fund's Lithuanian subsidiary. During the first nine months of 2025, the Fund earned EUR23.68 million in consolidated rental income, increasing by 2.7% compared to the same period last year. Consolidated EBITDA for the same period was EUR19.89 million, up 1.2% year- on-year. The Fund's adjusted cash flow (EBITDA minus loan principal repayments minus interest expenses) for the first nine months totalled EUR9.53 million, which is 19% higher than in the same period last year. The increase was primarily driven by additional cash flow from new acquisitions and developments, as well as lower interest expenses resulting from the decrease in EURIBOR. The Fund's weighted average interest rate remained at 3.95% at the end of September (the same as in August). Based on the nine-month results, the Fund has generated a potential gross dividend of EUR0.6666 per share, which is 12.6% higher than a year earlier. In addition, the Fund Manager plans to refinance bank loans of properties where operational cash flows exceed loan and interest payments by more than two times and where the loan-to-value (LTV) ratio has decreased to a level considered too low, with the aim of increasing dividend capacity. The Fund's net asset value (NAV) per share was EUR20.4379 at the end of September, increasing by 0.7% over the month. The EPRA NRV per share amounted to EUR21.3280, up 0.8% compared to August. Marilin Hein CFO Phone +372 6559 515 E-mail: [email protected] (mailto:[email protected])