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
Does the information contain personal data?
Yes
Is the data provided voluntary or not?
No
Original language of the information to be provided
Estonian
Is information covering a period?
Yes
The start date to which the information relates
01.08.2026
The end date to which the information relates
31.08.2026
Version
1
Unique data record identifier
18975
Submission date and time
10.09.2026 08:00:00
Content of announcement in Estonian
Title
EfTEN Real Estate Fund AS-i aktsia puhasväärtus seisuga 31.08.2026
Message
EfTEN Real Estate Fund AS viis augustis läbi suunatud aktsiaemissiooni, mille käigus emiteeriti 197 463 uut lihtaktsiat hinnaga 19,26 eurot aktsia kohta ehk fondi aktsia 60 päeva keskmise sulgemishinnaga. Emissiooni tulemusel laekus investoritelt kokku 3 803 tuhat eurot. Laekunud vahendite arvelt maksab fond tagasi Magistral Kaubanduskeskuse OÜ soetamiseks võetud pangalaenu.
EfTEN Real Estate Fund AS-i konsolideeritud üüritulu oli augustis 2 918 tuhat eurot (juulis: 2 890 tuhat eurot). Üüritulu kasv oli peamiselt seotud uue üürilepingu sõlmimisega Piepilsētas logistikakeskuses Lätis, mis asendas juulis ennetähtaegselt lõppenud lepingu. Fondi konsolideeritud netoüüritulu (NOI) oli augustis 2 811 tuhat eurot (juulis: 2 805 tuhat eurot).
Fondi kinnisvaraportfelli vakantsus suurenes augustis 3,0%-ni (juuli lõpus 2,2%) seoses Betooni 6 logistikakeskuse üürilepingute lõppemisega. Betooni 6 vakantne pind oli augusti lõpu seisuga 3 935 m² ehk 22% hoone üüritavast pinnast. Alates 1. septembrist 2026 on vabaks jäänud pinnast üürile antud 3 031 m², seega on portfelli vakantsuse kasv ajutine.
2026. aasta kaheksa kuu kokkuvõttes oli fondi konsolideeritud üüritulu 22 239 tuhat eurot, suurenedes võrreldes eelmise aasta sama perioodiga 6,0% võrra. Kaheksa kuu EBITDA oli 18 817 tuhat eurot (2025. aasta kaheksa kuud: 17 555 tuhat eurot; +7,2%) ning puhaskasum 12 960 tuhat eurot (2025. aasta kaheksa kuud: 11 714 tuhat eurot). EBITDA kasvust on 571 tuhat eurot seotud Magistrali kaubanduskeskuse lisandumisega ning 204 tuhat eurot Mustika keskuse parema tulemusega.
Fond on 2026. aasta kaheksa kuu jooksul teeninud konsolideeritud korrigeeritud rahavoogu (EBITDA miinus intressikulud, laenude põhiosade tagasimaksed ja tulumaksukulu) kokku 9,69 miljonit eurot, mis on tänu nii kõrgemale EBITDA-le kui ka väiksematele intressikuludele 1,3 miljonit eurot (15,8%) rohkem kui eelmisel aastal samal ajal.
EfTEN Real Estate Fund AS-i aktsia puhasväärtus (NAV) oli 31.08.2026 seisuga 20,23 eurot, suurenedes augustis 0,7%.
Marilin Hein
Finantsjuht
Tel. 6559 515
E-mail: [email protected]
Attachments
Content of announcement in English
Title
Net asset value of the EfTEN Real Estate Fund AS share as at 31.08.2026
Message
In August, EfTEN Real Estate Fund AS carried out a private placement of shares, issuing 197,463 new ordinary shares at EUR 19.26 per share, which corresponds to the 60-day average closing price of the fund’s share. The placement raised a total of EUR 3,803 thousand from investors, which the fund will use to repay the bank loan taken to acquire Magistral Kaubanduskeskuse OÜ.
The consolidated rental income of EfTEN Real Estate Fund AS amounted to EUR 2,918 thousand in August (July: EUR 2,890 thousand). The increase in rental income was mainly attributable to a new lease agreement concluded at the Piepilsētas logistics centre in Latvia, which replaced a lease that had been terminated early in July. The fund’s consolidated net rental income (NOI) was EUR 2,811 thousand in August (July: EUR 2,805 thousand).
The vacancy rate of the fund’s real estate portfolio increased to 3.0% in August (2.2% at the end of July) following the expiry of lease agreements at the Betooni 6 logistics centre. As at the end of August, the vacant area at Betooni 6 was 3,935 m², or 22% of the building’s lettable area. As of 1 September 2026, 3,031 m² of the vacated space has already been re-let, and the increase in the portfolio’s vacancy rate is therefore temporary.
In the first eight months of 2026, the fund’s consolidated rental income totalled EUR 22,239 thousand, an increase of 6.0% compared with the same period last year. EBITDA for the period was EUR 18,817 thousand (eight months of 2025: EUR 17,555 thousand; +7.2%) and net profit was EUR 12,960 thousand (eight months of 2025: EUR 11,714 thousand). Of the increase in EBITDA, EUR 571 thousand was attributable to the addition of the Magistral shopping centre and EUR 204 thousand to the improved performance of the Mustika centre.
Over the same period, the fund generated consolidated adjusted cash flow (EBITDA less interest expenses, repayments of loan principal and income tax expense) of EUR 9.69 million, which is EUR 1.3 million (15.8%) more than a year earlier, driven by both higher EBITDA and lower interest expenses.
The net asset value (NAV) of the EfTEN Real Estate Fund AS share as at 31.08.2026 was EUR 20.23, an increase of 0.7% in August.
Marilin Hein
Chief Financial Officer
Tel. +372 6559 515
E-mail: [email protected]