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
7278
Submission date and time
09.05.2019 16:07:00
Content of announcement in Estonian
Title
EfTEN Real Estate Fund III AS aktsia puhasväärtus seisuga 30.04.2019
Message
EfTEN Real Estate Fund III AS üldkoosolek otsustas 2019. aasta aprillis jaotada dividende summas 3 061 tuhat eurot. Dividendide jaotamisega kaasnes tulumaksukulu summas 140 tuhat eurot. EfTEN Real Estate Fund III AS aktsia puhasväärtus (NAV) seisuga 30.04.2019 oli 15,22 eurot. NAV vähenes aprilli jooksul seoses dividendide väljakuulutamisega 6,2%. Ilma dividende jaotamata oleks NAV aprillis suurenenud 0,8% võrra. EPRA aktsia puhasväärtus (raamatupidamislik puhasväärtus ilma edasilükkunud tulumaksukohustust ja intressiderivatiivide õiglast väärtust arvestamata) on 30.04.2019 seisuga 16,46 eurot (31.03.2019: 17,3 eurot). EfTEN Real Estate Fund III AS teenis aprillis 777 tuhat eurot müügitulu, mis on kuu varasemaga samal tasemel. Fondi EBITDA oli aprillis 594 tuhat eurot (märtsis 639 tuhat eurot). Fondi puhaskasum on 2019. aasta aprillis 251 tuhat eurot (märtsis: 450 tuhat eurot). Madalam puhaskasum oli seotud dividendide väljakuulutamisega kaasnenud tulumaksukuluga ning Leedu tütarettevõtete edasilükkunud tulumaksukulu korrigeerimisega. Selle aasta esimese nelja kuu jooksul on EfTEN Real Estate Fund III AS teeninud 3,1 miljonit eurot müügitulu (15% ja 410 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. Fondi EBITDA on selle aasta esimese nelja kuu jooksul kokku 2 469 tuhat, mis on 17% (357 tuhat eurot) kõrgem kui eelmisel aastal. Lähtudes fondi dividendipoliitikast, mis näeb ette, et vabast rahavoost tasutakse minimaalselt 80% aktsionäridele dividendideks, saaks fond maksta 2019. aasta esimese nelja kuu kasumilt kokku dividende 843 tuhat eurot (26 senti aktsia kohta). EfTEN Real Estate Fund III konsolideeritud varade maht oli 30.04.2019 seisuga 113,5 miljonit eurot (31.12.2018: 108,5 miljonit eurot) ning omakapital 49,1 miljonit eurot (31.12.2018: 50,5 miljonit eurot). 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 30.04.2019
Message
In April 2019, the annual general meeting of EfTEN Real Estate Fund III AS decided to distribute dividends in the amount of 3,061 thousand euros. The distribution of dividends carried corporate income tax expense of 140 thousand euros. The net asset value (NAV) of the shares of EfTEN Real Estate Fund III AS as of 30.04.2019 was 15.22 euros. NAV decreased by 6.2% in April due to the announcement of dividends. Without dividend distribution, NAV would have increased by 0.8%, compared to previous month. The EPRA NAV per share (net book value excluding deferred income tax liability and fair value of interest derivatives) as of 30.04.2019 was 16.46 euros (31.03.2019: 17.3 euros). In April, EfTEN Real Estate Fund III AS earned 777 thousand euros sales income, which is at the same level as in the previous month. In April, the Fund's EBITDA was 594 thousand euros (639 thousand euros in March). In April 2019, the Fund's net profit was 251 thousand euros (in March: 450 thousand euros). The lower net profit was related to the income tax expense associated with the announcement of dividends and the adjustment of deferred tax liability in subsidiaries in Lithuania. During the first four months of this year, EfTEN Real Estate Fund III AS has earned 3.1 million euros in sales revenue (15% and 410 thousand more than in the same period last year), which has come from new investments (Evolution office building, sales and service premises of ABC Motors) and the increase in rental income on the DSV Latvia after the extension. The Fund's EBITDA for the first four months of this year totaled 2,469 thousand, which is 17% (357 thousand euros) higher than last year. Based on the fund's dividend policy, which stipulates that at least 80% of the free cash flow will be distributed to the shareholders, the Fund could pay dividends based on the first four months of 2019 in the amount of 843 thousand euros (26 cents per share). The volume of consolidated assets of EfTEN Real Estate Fund III as of 30.04.2019 was 113.5 million euros (31.12.2018: 108.5 million euros) and equity was 49.1 million euros (31.12.2018: 50.5 million euros). Marilin Hein CFO Phone 655 9515 E-mail: [email protected]