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
Management interim statement or quarterly financial report
Unique data record identifier
6905
Submission date and time
09.10.2018 16:06:00
Content of announcement in Estonian
Title
EfTEN Real Estate Fund III AS aktsia puhasväärtus seisuga 30.09.2018
Message
Fondi äritegevus septembris oli stabiilne. Üüritulu teeniti 677 tuhat eurot (augustis 689 tuhat eurot) ning EBITDA-d 573 tuhat eurot (augustis 617 tuhat eurot). Septembri üüritulu ja EBITDA vähenes võrreldes augustiga peamiselt Saules Miestase kaubanduskeskuse üürnikebaasi täiendamise, müügipindade ümberehitustööde ning sellega seotud ajutise üüritulu languse tõttu. Fondi puhaskasum oli septembris 503 tuhat eurot, sisaldades intressiswapi õiglase väärtuse muutuse kasumit summas 81 tuhat eurot. Selle aasta üheksa kuu kokkuvõttes on EfTEN Real Estate Fund III teeninud 6 343 tuhat eurot müügitulu (18% rohkem kui eelmisel aastal) ning 5 008 tuhat eurot EBITDA-d (19% rohkem kui eelmisel aastal samal perioodil). Dividendide arvestuse alus (EBITDA miinus tulumaksukulu miinus laenu- ja intressimaksed) võimaldaks fondi üheksa kuu tulemuste põhjal maksta netodividende kokku 1 783 tuhat eurot (55 senti aktsia kohta). Kogu eelmise aasta kasumilt maksis EfTEN Real Estate Fund III AS 68 senti dividende ühe aktsia kohta. EfTEN Real Estate Fund III konsolideeritud varade maht oli 30.09.2018 seisuga 107,0 miljonit eurot (31.12.2017: 97,3 miljonit eurot) ning omakapital 48,7 miljonit eurot (31.12.2017: 46,4 miljonit eurot). Fondi 12-kuu tootlus keskmise sisse makstud kapitali kohta on septembri lõpu seisuga 16,4%. EfTEN Real Estate Fund III AS NAV seisuga 30.09.2018 oli 15,13 eurot. NAV kasvas septembris 1,0%. Marilin Hein Finantsjuht Tel. 655 9515 E-post: [email protected]
Content of announcement in English
Title
EfTEN Real Estate Fund III AS Net Asset Value per share as of 30.09.2018
Message
The fund's business activity was stable in September. The rental income was 677 thousand euros (689 thousand euros in August) and EBITDA was 573 thousand euros (in August, 617 thousand euros). September's rental income and EBITDA decreased compared to August mainly due to the upgrading of the tenancy base of Saules Miestas Shopping Center, reconstruction of commercial premises and the related temporary decrease in rental revenue. Net profit amounted to 503 thousand euros, including profit from interest rate swap fair value changes in 81 thousand euros. Within the nine months of this year, EfTEN Real Estate Fund III has earned sales of 6,343 thousand euros (an increase compared to last year's + 18%). The EBITDA for the same period is 5,008 thousand euros (19% more than last year). The basis for the calculation of dividends (EBITDA minus corporate income tax expense minus loan and interest payments) would allow 1,783 thousand euros (55 cents per share) net dividends to be paid out on the basis of the results of the nine months of the Fund. EfTEN Real Estate Fund III AS paid 68 cents dividends per share for the net profit of the previous year. EfTEN Real Estate Fund III consolidated assets as at 30.09.2018 amounted to 107.0 million euros (31.12.2017: 97.3 million euros) and equity was 48.7 million euros (31.12.2017: 46.4 million euros). The Fund's 12-month return on average paid-in capital is 16.4% at the end of September. EfTEN Real Estate Fund III AS NAV was EUR 15.13 as at 30.09.2018. NAV grew by 1,0% during September. Marilin Hein CFO Phone 655 9515 E-mail: [email protected]