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
7485
Submission date and time
09.09.2019 16:05:00
Content of announcement in Estonian
Title
EfTEN Real Estate Fund III AS aktsia puhasväärtus seisuga 31.08.2019
Message
EfTEN Real Estate Fund III AS aktsia puhasväärtus (NAV) seisuga 31.08.2019 oli 16,11 eurot. NAV suurenes augustis 0,7%. EPRA aktsia puhasväärtus (raamatupidamislik puhasväärtus ilma edasilükkunud tulumaksukohustust ja intressiderivatiivide õiglast väärtust arvestamata) oli 31.08.2019 seisuga 17,16 eurot. EPRA NAV suurenes augusti jooksul 0,8%. EfTEN Real Estate Fund III AS teenis augustis 791 tuhat eurot müügitulu, mis on kuu varasemaga võrreldes 7 tuhat eurot rohkem. Fondi EBITDA oli augustis 646 tuhat eurot (juulis 614 tuhat eurot). Fondi puhaskasum on 2019. aasta augustis 445 tuhat eurot (juulis: 429 tuhat eurot). Selle aasta kaheksa kuu jooksul on EfTEN Real Estate Fund III AS teeninud 6,2 miljonit eurot müügitulu (11% ja 0,6 miljonit eurot rohkem kui eelmisel aastal samal perioodil). Fondi EBITDA on selle aasta esimese kaheksa kuu jooksul kokku 4,9 miljonit eurot (10% ja 0,5 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 kaheksa kuu kasumilt maksta dividende kokku 1,7 miljonit eurot (41 senti aktsia kohta). EfTEN Real Estate Fund III AS-i kontodel on augusti 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 31.08.2019 seisuga 129,7 miljonit eurot (31.12.2018: 108,5 miljonit eurot) ning omakapital 68,0 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 31.08.2019
Message
The net asset value (NAV) of the shares of EfTEN Real Estate Fund III AS as of 31.08.2019 was 16.11 euros per share. NAV increased by 0,7% in August. The EPRA NAV per share (net book value excluding deferred income tax liability and fair value of interest derivatives) as of 31.08.2019 was 17.16 euros. EPRA NAV increased by 0,8% during August. EfTEN Real Estate Fund III AS earned sales income of EUR 791 thousand in August, which is EUR 7 thousand more than a month ago. The EBITDA of the Fund in August was 646 thousand euros (614 thousand euros in June). The Fund's net profit for August 2019 is EUR 445 thousand (July: EUR 429 thousand). During the first eight months of this year, EfTEN Real Estate Fund III AS has earned EUR 6.2 million in sales (11% and EUR 0.6 million more than in the same period last year). The fund's EBITDA for the first seven months of this year is EUR 4.9 million (10% and EUR 0.5 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 eight months of 2019 in the amount of 1,7 million euros (41 cents per share). As of the end of August, 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 31.08.2019 was 129.7 million euros (31.12.2018: 108.5 million euros) and equity was 68.0 million euros (31.12.2018: 50.5 million euros). Marilin Hein CFO Phone 655 9515 E-mail: [email protected]