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

18205

Submission date and time

13.02.2026 08:54:03

Content of announcement in Estonian

Title

Enlight Research uuendas EfTEN Real Estate Fund AS-i aktsiaanalüüsi

Message

Enlight   Research   uuendas   EfTEN   Real  Estate  Fund  AS-i  (EfTEN;  EFT1T)
aktsiaanalüüsi.  Analüüsi  kohaselt  on  aktsia õiglane väärtus baasstsenaariumi
kohaselt   22,69 eurot.   See   on   pea  15% kõrgem  võrreldes  aktsia  viimase
sulgemishinnaga Tallinna Väärtpaberiturul.

Enlight  Research  toob  EfTEN  Real  Estate  Fund  AS-i  puhul  välja järgmised
aspektid:   (i)   stabiilne   dividendimäär  6% tasemel;  (ii)  konservatiivselt
hinnastatud kinnisvaraportfell; (iii) madal võlakoormuse tase.

Analüüs      on      leitav      EfTEN      Real      Estate      Fund      AS-i
(https://eref.ee/investorile/analuutiku-raportid/)    kodulehel    ja    Enlight
Research'i           (https://research.enlightresearch.net/EnlightIndex.action?)
kodulehel.

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

Content of announcement in English

Title

Enlight Research updated equity research on EfTEN Real Estate Fund AS

Message

Enlight  Research updated  the equity  research and  price target  of EfTEN Real
Estate  Fund AS (EfTEN; EFT1T) shares. According to the analysis, the fair value
of  the share is 22.69 euros under the  base scenario. This is almost 15% higher
compared to the last closing price of the stock on the Tallinn Stock Exchange.

Enlight  Research points out  the following aspects  regarding EfTEN Real Estate
Fund AS: (i) stable dividend yield at 6%; (ii) conservatively priced real estate
portfolio; (iii) low debt level.

The  analysis  can  be  found  on  the  website  of  EfTEN  Real  Estate Fund AS
(https://eref.ee/en/investorile/analuutiku-raportid/) and the website of Enlight
Research (https://research.enlightresearch.net/EnlightIndex.action?).

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