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

18038

Submission date and time

12.12.2025 08:15:00

Content of announcement in Estonian

Title

LHV Pank uuendas EfTEN Real Estate Fund AS-i aktsiaanalüüsi

Message

LHV  Pank uuendas EfTEN Real Estate Fund  AS-i (EfTEN; EFT1T) aktsia analüüsi ja
aktsia  hinnasihti. Analüüsi kohaselt tõusis aktsia hinnasiht seniselt 20,0 euro
tasemelt 21,0 euro tasemeni ning aktsia soovitus tõsteti tasemele ?osta". Aktsia
eelmine hinnasiht oli seatud 2025. aasta mais.

LHV  toob EfTEN Real  Estate Fund AS-i  puhul välja järgmised tähelepanekud: (i)
arvestamata  varade  ümberhindlust,  saavutas  fond 2025.a III kvartalis suurima
kvartaalse kasumi; (ii) portfelli laienemine hooldekodude ja logistika segmendis
kasvatab  fondi  tulusid;  (iii)  jätkusuutlik  dividendipoliitika,  mida toetab
põhitegevuse tugev rahavoog.

Analüüs on leitav LHV Panga finantsportaalis.

Kristjan Tamla
EfTEN Capital AS
Tegevjuht
Tel: 655 9515
E-post: [email protected] (mailto:[email protected])

Content of announcement in English

Title

LHV Pank updated equity research on EfTEN Real Estate Fund AS

Message

LHV  Pank updated the equity research and price target of EfTEN Real Estate Fund
AS  (EfTEN; EFT1T) shares. According  to the analysis, the  price target for the
share  was increased from 20,0 euros to 21,0 euros and the share was raised to a
"buy" rating. The previous price target for the EfTEN Real Estate Fund AS shares
was set in May 2025.

LHV  research points out the following aspects  about the EfTEN Real Estate Fund
AS:  (i)  excluding  the  fair  value  change  of  properties, fund recorded the
historically  highest profit in Q3  2025; (ii) continuous portfolio expansion in
elderly   care  and  logistics  segments  increases  the  fund's  income;  (iii)
sustainable dividend policy supported by strong operating cash flow.

The analysis can be found on the LHV Pank Financial Portal.

Kristjan Tamla
EfTEN Capital AS
Managing Director
Tel: +372 655 9515
E-post: [email protected] (mailto:[email protected])