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 price sensitive information
Unique data record identifier
7437
Submission date and time
09.08.2019 08:30:00
Content of announcement in Estonian
Title
EfTEN Real Estate Fund III AS aktsia puhasväärtus seisuga 31.07.2019
Message
EfTEN Real Estate Fund III AS aktsia puhasväärtus (NAV) seisuga 31.07.2019 oli 16,00 eurot. NAV suurenes juulis 0,6%. EPRA aktsia puhasväärtus (raamatupidamislik puhasväärtus ilma edasilükkunud tulumaksukohustust ja intressiderivatiivide õiglast väärtust arvestamata) oli 31.07.2019 seisuga 17,03 eurot. EPRA NAV suurenes juuli jooksul 0,7%. EfTEN Real Estate Fund III AS teenis juulis 784 tuhat eurot müügitulu, mis on kuu varasemaga võrreldes 15 tuhat eurot rohkem. Suurenemine tuli peamiselt hooajalise käibe suurenemisest Saules Miestase kaubanduskeskuse meelelahutusaladel ning restoranides. Fondi EBITDA oli juulis 614 tuhat eurot (juunis 589 tuhat eurot). Fondi puhaskasum on 2019. aasta juulis 429 tuhat eurot (juunis: 1 713 tuhat eurot). Võrdlusperioodi (juuni) puhaskasum sisaldas kinnisvarainvesteeringute õiglase väärtuse muutusest saadud kasumit summas 1 460 tuhat eurot. Selle aasta seitsme kuu jooksul on EfTEN Real Estate Fund III AS teeninud 5,4 miljonit eurot müügitulu (12% ja 0,5 miljonit eurot rohkem kui eelmisel aastal samal perioodil). Fondi EBITDA on selle aasta esimese seitsme kuu jooksul kokku 4,2 miljonit eurot (11% ja 0,4 miljonit eurot rohkem kui eelmisel aastal samal perioodil). Lähtudes fondi dividendipoliitikast, mis näeb ette, et vabast rahavoost tasutakse minimaalselt 80% aktsionäridele dividendideks, saaks fond 2019. aasta esimese seitsme kuu kasumilt maksta dividende kokku 1,47 miljonit eurot (35 senti aktsia kohta). EfTEN Real Estate Fund III AS-i kontodel on juuli lõpu seisuga 14 miljonit eurot investeerimata omakapitali. Investeerimiseks sobilike projektide leidmine on fondi juhtkonna esimene prioriteet. Hortes Tähesaju ehitus kulgeb plaanipäraselt ning uus aianduskeskus avatakse käesoleva aasta neljandas kvartalis EfTEN Real Estate Fund III AS-i konsolideeritud varade maht oli 31.07.2019 seisuga 128,9 miljonit eurot (31.12.2018: 108,5 miljonit eurot) ning omakapital 67,6 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 31.07.2019
Message
The net asset value (NAV) of the shares of EfTEN Real Estate Fund III AS as of 31.07.2019 was 16.00 euros per share. NAV increased by 0,6% in July. The EPRA NAV per share (net book value excluding deferred income tax liability and fair value of interest derivatives) as of 31.07.2019 was 17.03 euros. EPRA NAV increased by 0,7% during July. EfTEN Real Estate Fund III AS earned sales income of EUR 784 thousand in July, which is EUR 15 thousand more than a month ago. The increase was mainly due to the increase in seasonal turnover in the entertainment areas and restaurants of the Saules Miestas shopping center. The EBITDA of the Fund in July was 614 thousand euros (589 thousand euros in June). The Fund's net profit for July 2019 is EUR 429 thousand (June: EUR 1,713 thousand). The net profit for the comparison period (June) included the gain from the change in the fair value of investment properties in the amount of EUR 1,460 thousand. During the first seven months of this year, EfTEN Real Estate Fund III AS has earned EUR 5.4 million in sales (12% and EUR 0.5 million more than in the same period last year). The fund's EBITDA for the first seven months of this year is EUR 4.2 million (11% and EUR 0.4 million more than in the same period 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 seven months of 2019 in the amount of 1,47 million euros (35 cents per share). As of the end of July, EfTEN Real Estate Fund III AS has EUR 14 million of uninvested equity at its accounts. Finding suitable projects for investment is the first priority of the Fund's management. Hortes Tähesaju construction is going according to the schedule. The new gardening center will be opened in fourth quarter of the 2019. The volume of consolidated assets of EfTEN Real Estate Fund III AS as of 31.07.2019 was 128.9 million euros (31.12.2018: 108.5 million euros) and equity was 67.6 million euros (31.12.2018: 50.5 million euros). Marilin Hein CFO Phone 655 9515 E-mail: [email protected]