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
7208
Submission date and time
08.04.2019 16:05:00
Content of announcement in Estonian
Title
EfTEN Real Estate Fund III AS aktsia puhasväärtus seisuga 31.03.2019
Message
EfTEN Real Estate Fund III AS teenis märtsis 784 tuhat eurot müügitulu, mis on 13 tuhat eurot rohkem kui kuu varem. Kõrgem tulu on seotud ABC Motorsi müügi- ja teeninduspindadelt saadud esimese üüriga täiskuu eest, Saules Miestase kaubanduskeskuse suurenenud üürituluga ning muude tulude suurenemisega. Fondi EBITDA oli märtsis 639 tuhat eurot, mis on 21 tuhat eurot kõrgem kui veebruaris. EBITDA suurenes kõrgema müügitulu ja väiksemate üldhalduskulude tõttu. Fondi puhaskasum on 2019. aasta märtsis 450 tuhat eurot (veebruaris: 486 tuhat eurot). Madalam puhaskasum seotud intressiswapilepingu õiglase väärtuse muutuse mitte-rahalise kahjumiga summas 46 tuhat eurot. Selle aasta esimese kolme kuu jooksul on EfTEN Real Estate Fund III AS teeninud 2,3 miljonit eurot müügitulu (16% ja 315 tuhat rohkem kui eelmisel aastal samal perioodil), mis on tulnud nii uutest investeeringutest (Evolution büroohoone, ABC Motorsi müügi- ja teeninduspinnad) kui ka üüritulu suurenemisest Läti DSV kinnistul pärast juurdeehitust ning Ulonu büroohoone vakantsuse vähenemisest. Fondi EBITDA on selle aasta I kvartalis kokku 1 875 tuhat, mis on 18% (283 tuhat eurot) kõrgem kui eelmisel aastal. Puhaskasum oli I kvartalis kokku 1 368 tuhat eurot, mis on 9% ja 118 tuhat eurot rohkem kui 2018. aasta I kvartalis. Lähtudes fondi dividendipoliitikast, mis näeb ette, et vabast rahavoost tasutakse minimaalselt 80% aktsionäridele dividendideks, saaks fond maksta 2019. aasta esimese kvartali kasumilt kokku dividende 656 tuhat eurot (20 senti aktsia kohta). EfTEN Real Estate Fund III konsolideeritud varade maht oli 31.03.2019 seisuga 111,1 miljonit eurot (31.12.2018: 108,5 miljonit eurot) ning omakapital 51,9 miljonit eurot (31.12.2018: 50,5 miljonit eurot). EfTEN Real Estate Fund III AS aktsia puhasväärtus (NAV) seisuga 31.03.2019 oli 16,09 eurot. NAV kasvas märtsis 0,9%. EPRA aktsia puhasväärtus (raamatupidamislik puhasväärtus ilma edasilükkunud tulumaksukohustust ja intressiderivatiivide õiglast väärtust arvestamata) on 31.03.2019 seisuga 17,3 eurot (28.02.2019: 17,13 eurot). EPRA NAV suurenes märtsis 1% võrra. Juhul kui fondi üldkoosolek kinnitab 17. aprillil 2019 toimuval koosolekul heaks dividendide jaotamise vastavalt juhatuse ja nõukogu ettepanekule (95 senti aktsia kohta), väheneb fondi omakapital koos kaasneva tulumaksukuluga kokku 3,2 miljonit eurot, mis on 99 senti aktsia kohta. 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 31.03.2019
Message
EfTEN Real Estate Fund III AS earned 784 thousand euros sales revenue in March, which is 13 thousand euros more than a month earlier. Higher revenue in March is associated with the first full-month rental income from ABC Motor's sales and service premises. The increase is also due to the higher sales income in Saules Miestas Shopping Centre and the increase in other sales income. The Fund's net profit was 450 thousand euros in March (February: 486 thousand). The lower net profit is related to the non-monetary loss on the change in the fair value of the interest rate swap agreement. During the first three months of this year, EfTEN Real Estate Fund III AS has earned EUR 2.3 million sales income (16% and 315 thousand more than in the same period last year), which is due to both new investments (Evolution office building, ABC Motor sales and service premises) as well as the increase in rental income of the DSV Latvia after the extension and the decrease in vacancy of the Ulonu office building. The EBITDA of the Fund in the first quarter of this year is 1,875 thousand, which is 18% (283 thousand euros) higher than last year. Net profit for the first quarter totaled 1,368 thousand euros, which is 9% (118 thousand euros) more than in the first quarter of 2018. Based on the Fund's dividend policy, which stipulates that a minimum of 80% of the free cash flow will be paid to shareholders, the Fund could pay a dividend of 656 thousand euros, which is 20 cents per share (net) from its accumulated profit this year. As of 31.03.2019, the consolidated assets of EfTEN Real Estate Fund III amounted to 111.1 million euros (31.12.2018: 108.5 million euros) and equity amounted to 51.9 million euros (31.12.2018: 50.5 million euros). As of 31.03.2019, EfTEN Real Estate Fund III AS share's Net Asset Value (NAV) was EUR 16.09. NAV grew by 0,9% in March. EPRA NAV (IFRS book value excluding deferred tax liability and fair value of interest derivatives) was EUR 17.3 as of 31.03.2019. EPRA NAV increased by 1% in March. If the Fund's general meeting approves the distribution of dividends in accordance with the proposal of the management board and supervisory board (95 cents per share) at its meeting being held on 17. April 2019, the Fund's equity, including the associated income tax expense will decrease by a total of 3.2 million euros, i.e. 99 cents per share. Marilin Hein CFO Phone 655 9515 E-mail: [email protected]