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
18704
Attachments
Submission date and time
09.06.2026 08:00:00
Content of announcement in Estonian
Title
EfTEN Real Estate Fund AS’i 2026. aasta viie kuu finantstulemused ja aktsia puhasväärtus seisuga 31.05.2026
Message
EfTEN Real Estate Fund AS teenis 2026. aasta mais konsolideeritud üüritulu 2 668 tuhat eurot, mis on 19 tuhat eurot vähem kui aprillis. Üüritulu vähenes 28 tuhande euro võrra seoses Vilniuses asuva Menulio 11 büroohoone müügiga. Samal ajal kasvas üüritulu logistika- ja hooldekodude segmendis kokku 11 tuhande euro võrra seoses Riias asuva Jurkalne logistikapargi vakantsuse vähenemise ning Hiiu hooldekodu üüritulu etapiviisilise kasvuga. Fondi konsolideeritud EBITDA oli mais 2 289 tuhat eurot, s.o 46 tuhat eurot rohkem kui aprillis. Mai üldkulud olid madalamad nii madalama valitsemistasu kui ka aprillis aktsionäride üldkoosoleku korraldamise ning dividendimaksetega kaasnenud kulude tõttu. Fondi konsolideeritud vakantsus vähenes mais 2,3%-ni (aprillis 2,9%), seda nii Jurkalne logistikapargi vakantsuse vähenemise (6,3%-lt 3,9%-ni) kui ka Pärnu mnt 105 büroohoone vakantsuse vähenemise tulemusel (16,5%-lt 5,2%-ni). Büroosektori vakantsus oli mai lõpus 9,6% (aprillis 11,2%; 2025. aasta lõpus 14,4%). Portfelli vakantsus oli viimati nii madal 2023. aasta keskel. Fondi konsolideeritud raha jääk vähenes mais 1 483 tuhande euro võrra, sisaldades dividendide tulumaksu tasumist summas 2 552 tuhat eurot. Selle aasta esimese viie kuuga on kontsern teeninud 13 535 tuhat eurot üüritulu (4,7% rohkem kui eelmisel aastal samal ajal) ning 11 349 tuhat eurot EBITDA-d (7,1% rohkem kui eelmisel aastal). Üüritulu ja EBITDA on kasvanud logistika- ja hooldekodude segmendi uute investeeringute ning kaubanduse segmendi parema äritegevuse tulemusel. EfTEN Real Estate Fund AS on 2026. aasta esimese viie kuu jooksul teeninud konsolideeritud korrigeeritud rahavoogu (EBITDA miinus intressikulud ja laenude põhiosade tagasimaksed ja tulumaksukulu) kokku 5,87 miljonit eurot, mis on 1,05 miljonit eurot (21,7%) rohkem kui eelmisel aastal samal ajal. Rahavoog kasvas nii EBITDA suurenemise (756 tuhat eurot) kui ka laenu- ja intressimaksete vähenemise (341 tuhat eurot) tulemusel. Fondi puhasväärtus aktsia kohta oli 31.05.2026 seisuga 19,82 eurot, kasvades mais tavapäraselt 0,7%. Marilin Hein Finantsjuht Tel. 6559 515 E-mail: [email protected] (mailto:[email protected])
Content of announcement in English
Title
EfTEN Real Estate Fund AS – Five-Month financial results 2026 and net asset value as of 31 May 2026
Message
EfTEN Real Estate Fund AS earned consolidated rental income of EUR2,668 thousand in May 2026, EUR19 thousand less than in April. Rental income decreased by EUR28 thousand following the sale of the Menulio 11 office building in Vilnius. At the same time, rental income increased by a total of EUR11 thousand in the logistics and care home segments, driven by a decrease in vacancy at the Jurkalne logistics park in Riga and the gradual increase in rental income at the Hiiu care home. The Fund's consolidated EBITDA amounted to EUR2,289 thousand in May, EUR46 thousand more than in April. Administrative expenses were lower in May, due to a lower management fee and to the costs incurred in April in connection with the general meeting of shareholders and the dividend distribution. The Fund's consolidated vacancy rate decreased to 2.3% in May (April: 2.9%), driven both by the decrease in vacancy at the Jurkalne logistics park (from 6.3% to 3.9%) and at the Pärnu mnt 105 office building (from 16.5% to 5.2%). The vacancy rate in the office segment was 9.6% at the end of May (April: 11.2%; end of 2025: 14,4%). The portfolio's vacancy rate had last been this low in mid- 2023. The Fund's consolidated cash balance decreased by EUR1,483 thousand in May, including the payment of income tax on dividends in the amount of EUR2,552 thousand. In the first five months of this year, the Group earned rental income of EUR13,535 thousand (4.7% more than in the same period last year) and EBITDA of EUR11,349 thousand (7.1% more than last year). Rental income and EBITDA have increased as a result of new investments in the logistics and care home segments and improved operating performance in the retail segment. In the first five months of 2026, EfTEN Real Estate Fund AS earned consolidated adjusted cash flow (EBITDA less interest expense, loan principal repayments and income tax expense) totalling EUR5.87 million, EUR1.05 million (21.7%) more than in the same period last year. The cash flow increased as a result of the increase in EBITDA (EUR756 thousand) as well as the decrease in loan and interest payments (EUR341 thousand). The Fund's net asset value (NAV) per share was EUR19.82 as at 31 May 2026, increasing by 0.7% during May. Marilin Hein CFO Phone +372 6559 515 E-mail: [email protected] (mailto:[email protected])