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 corporate action
Unique data record identifier
17944
Attachments
Submission date and time
12.11.2025 08:00:01
Content of announcement in Estonian
Title
EfTEN Real Estate Fund AS’i aktsia puhasväärtus seisuga 31.10.2025
Message
EfTEN Real Estate Fund AS teenis 2025. aasta oktoobris konsolideeritud üüritulu 2 702 tuhat eurot, püsides septembriga samal tasemel. Fondi konsolideeritud puhasüüritulu (NOI) oli 2 574 tuhat eurot, vähenedes kuuga 32 tuhande euro võrra peamiselt kõrgemate turunduskulude tõttu Saules Miestas kaubanduskeskuses. 2025. aasta kümne kuu jooksul teenis fond konsolideeritud üüritulu kokku 26,38 miljonit eurot, mis on 3,0% rohkem kui eelmisel aastal samal perioodil. Konsolideeritud EBITDA oli samal perioodil 22,18 miljonit eurot, suurenedes aastatagusega võrreldes 1,7%. Korrigeeritud rahavoog (EBITDA miinus laenude tagasimaksed miinus intressikulud) ulatus kümne kuu kokkuvõttes 10,7 miljoni euroni, kasvades aastatagusega võrreldes 20%. Kasvu toetasid uute arendusprojektide lisandunud rahavood ja madalamad intressikulud tänu EURIBORi langusele. Fondi kaalutud keskmine intressimäär oli oktoobri lõpus 3,97%. Kümne kuu tulemuste põhjal on fond teeninud investoritele potentsiaalset brutodividendi 74,83 senti aktsia kohta, mis on 13,4% rohkem kui eelmise aasta samal perioodil. Fondivalitseja plaanib jätkata pangalaenude refinantseerimist objektidel, mille rahavood ületavad laenuteeninduskohustusi rohkem kui kaks korda ning kus LTV tase on langenud alla konservatiivse taseme ning kasutada saadud vahendeid dividendimaksete suurendamiseks tasemeni 1,2 eurot aktsia kohta (neto). Fondi puhasväärtus (NAV) aktsia kohta oli oktoobri lõpus 20,5842 eurot, kasvades kuuga 0,7%. EPRA NRV oli oktoobri lõpus 21,48 eurot, suurenedes samuti 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 October 2025
Message
EfTEN Real Estate Fund AS earned consolidated rental income of EUR2,702 thousand in October 2025, remaining at the same level as in September. The Fund's consolidated net rental income (NOI) amounted to EUR2,574 thousand, decreasing by EUR32 thousand compared to the previous month, mainly due to higher marketing expenses in Saules Miestas shopping centre. During the first ten months of 2025, the Fund earned total consolidated rental income of EUR26.38 million, which is 3.0% higher than in the same period last year. Consolidated EBITDA for the same period amounted to EUR22.18 million, representing an increase of 1.7% year-on-year. The adjusted cash flow (EBITDA minus loan principal repayments minus interest expenses) totalled EUR10.7 million for the ten-month period, up by 20% compared to the same period last year. The increase was supported by additional cash flows from newly acquired and developed properties and by lower interest expenses resulting from the decrease in EURIBOR. The Fund's weighted average interest rate was 3.97% at the end of October. Based on ten-month results, the Fund has generated a potential gross dividend of EUR0.7483 per share, which is 13.4% higher than in the same period last year. The Fund Manager plans to continue refinancing bank loans of properties where the operating cash flow exceeds debt service obligations by more than two times and where the LTV ratio has decreased below a conservative level, with the aim to increase dividend distributions up to EUR1.20 per share (net). The Fund's net asset value (NAV) per share was EUR20.5842 at the end of October, increasing by 0.7% during the month. The EPRA NRV amounted to EUR21.48 per share, also rising by 0.7% in October. Marilin Hein CFO Phone +372 6559 515 E-mail: [email protected] (mailto:[email protected])