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
01.10.2026
The end date to which the information relates
31.10.2026
Version
1
Unique data record identifier
19220
Submission date and time
12.11.2026 08:00:00
Content of announcement in Estonian
Title
EfTEN Real Estate Fund AS aktsia puhasväärtus kasvas oktoobris 0,7% ja oli kuu lõpus 20,55 eurot
Message
EfTEN Real Estate Fund AS teenis 2026. aasta oktoobris konsolideeritud üüritulu 2 941 tuhat eurot (septembris: 2 943 tuhat eurot). Portfelli vakantsus jätkas vähenemist ning jõudis oktoobri lõpuks 2,0%-ni (septembri lõpus: 2,2%), mis on madalaim alates 2023. aasta keskpaigast. Vakantsus vähenes peamiselt büroosegmendis, kus see langes 7,0%-ni (septembri lõpus: 7,5%). Fondi konsolideeritud netoüüritulu (NOI) oli oktoobris 2 828 tuhat eurot. See on 67 tuhat eurot vähem kui septembris peamiselt seoses võrdlusperioodi madalamate haldus- ja turustuskuludega. Fondi konsolideeritud EBITDA oli oktoobris 2 473 tuhat eurot (septembris: 2 565 tuhat eurot). Üldhalduskulud suurenesid 25 tuhat eurot, peamiselt kinnisvarainvesteeringute hindamiskulude (18 tuhat eurot) tõttu. Valitsemistasud suurenesid seoses Magistrali keskuse investeeritud kapitali suurenemisega pärast osaluse soetuseks võetud pangalaenu tagasimakset.
Kontserni tütarettevõtete pangalaenude LTV oli oktoobri lõpus 40,9% (septembri lõpus: 41,0%) ja laenude kaalutud keskmine intressimäär 4,4% (septembri lõpus: 4,36%). Fondi konsolideeritud rahajääk oli kuu lõpus 21 269 tuhat eurot.
2026. aasta kümne kuuga teenis fond konsolideeritud üüritulu kokku 28,12 miljonit eurot, mis on 6,6% rohkem kui eelmise aasta samal perioodil. Konsolideeritud EBITDA oli kümne kuuga 23,85 miljonit eurot, mis on 7,6% (1,7 miljonit eurot) rohkem kui aasta varem. EBITDA kasvust 969 tuhat eurot andis juunis soetatud Magistrali kaubanduskeskus. Võrreldavate kinnisvarainvesteeringute (like-for-like) EBITDA kasvas 843 tuhat eurot ehk 4,0%.
Selle aasta kümne kuu kokkuvõttes oli fondi konsolideeritud korrigeeritud rahavoog (EBITDA, millest on maha arvatud laenude põhiosa tagasimaksed, intressikulud ja Leedu tütarettevõtete tulumaksukulu) 12,30 miljonit eurot, mis on 14,9% rohkem kui eelmise aasta samal perioodil. Kümne kuu tulemuste põhjal on fond teeninud investoritele potentsiaalset brutodividendi 83,93 senti aktsia kohta, mis on 12,2% rohkem kui aasta varem (74,83 senti). Esialgsete arvutuste kohaselt saab EfTEN Real Estate Fund 2027. aasta kevadel maksta netodividendi 1,22 eurot aktsia kohta, mis on 1,7% rohkem kui 2026. aastal.
Fondi puhasväärtus (NAV) aktsia kohta oli 31.10.2026 seisuga 20,55 eurot, mis on 0,7% rohkem kui septembri lõpus.
Marilin Hein
Finantsjuht
Tel. +372 6559 515
[email protected]
Attachments
Content of announcement in English
Title
The net asset value of the EfTEN Real Estate Fund AS share increased by 0.7% in October, amounting to €20.55 at the end of the month
Message
In October 2026, EfTEN Real Estate Fund AS earned consolidated rental income of €2,941 thousand (September: €2,943 thousand). The portfolio vacancy rate continued to decrease and reached 2.0% by the end of October (end of September: 2.2%), which is the lowest level since mid 2023. The decrease came mainly from the office segment, where the vacancy rate fell to 7.0% (end of September: 7.5%). The Fund’s consolidated net operating income (NOI) for October was €2,828 thousand. This is €67 thousand less than in September, mainly due to lower property management and marketing costs in the comparative period. The Fund’s consolidated EBITDA for October was €2,473 thousand (September: €2,565 thousand). General and administrative expenses increased by €25 thousand, mainly due to investment property valuation costs (€18 thousand). Management fees increased as a result of the increase in capital invested in the Magistral centre following the repayment of the bank loan taken out to acquire the holding.
The LTV of the bank loans of the Group’s subsidiaries was 40.9% at the end of October (end of September: 41.0%) and the weighted average interest rate on loans was 4.4% (end of September: 4.36%). The Fund’s consolidated cash balance at the end of the month was €21,269 thousand.
In the ten months of 2026, the Fund earned consolidated rental income totalling €28.12 million, 6.6% more than in the same period last year. Consolidated EBITDA for the ten months was €23.85 million, 7.6% (€1.7 million) more than a year earlier. Of the EBITDA increase, €969 thousand was contributed by the Magistral shopping centre acquired in June. The EBITDA of like-for-like investment properties increased by €843 thousand, or 4.0%.
For the ten months of this year, the Fund’s consolidated adjusted cash flow (EBITDA less loan principal repayments, interest expenses and the income tax expense of Lithuanian subsidiaries) was €12.30 million, 14.9% more than in the same period last year. Based on the ten-month results, the Fund has earned a potential gross dividend of 83.93 cents per share for investors, 12.2% more than a year earlier (74.83 cents). According to preliminary calculations, EfTEN Real Estate Fund will be able to pay a net dividend of €1.22 per share in spring 2027, which is 1.7% more than in 2026.
The Fund’s net asset value (NAV) per share was €20.55 as at 31.10.2026, 0.7% more than at the end of September.
Marilin Hein
CFO
Tel. +372 6559 515
[email protected]