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
7517
Submission date and time
09.10.2019 08:15:00
Content of announcement in Estonian
Title
EfTEN Real Estate Fund III AS aktsia puhasväärtus seisuga 30.09.2019
Message
EfTEN Real Estate Fund III AS aktsia puhasväärtus (NAV) seisuga 30.09.2019 oli 16,24 eurot. NAV suurenes septembris 0,8%. EPRA aktsia puhasväärtus (raamatupidamislik puhasväärtus ilma edasilükkunud tulumaksukohustust ja intressiderivatiivide õiglast väärtust arvestamata) oli 30.09.2019 seisuga 17,29 eurot. EPRA NAV suurenes septembri jooksul 0,7%. EfTEN Real Estate Fund III AS teenis septembris 787 tuhat eurot müügitulu, mis on kuu varasemaga võrreldes 4 tuhat eurot vähem. Fondi EBITDA oli septembris 636 tuhat eurot (augustis 646 tuhat eurot). Fondi puhaskasum on 2019. aasta septembris 554 tuhat eurot (augustis: 445 tuhat eurot). Oluline puhaskasumi kasv tuli peamiselt intressiderivatiivi lepingu õiglase väärtuse muutuse kasumist. Selle aasta üheksa kuu jooksul on EfTEN Real Estate Fund III AS teeninud 7,0 miljonit eurot müügitulu (10% ja 0,7 miljonit eurot rohkem kui eelmisel aastal samal perioodil). Fondi EBITDA on selle aasta esimese üheksa kuu jooksul kokku 5,5 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 üheksa kuu kasumilt maksta dividende kokku 1,9 miljonit eurot (46 senti aktsia kohta). EfTEN Real Estate Fund III AS-i kontodel on septembri lõpu seisuga 14 miljonit eurot investeerimata omakapitali. Investeerimiseks sobilike projektide leidmine on fondi juhtkonna esimene prioriteet. Hortes Tähesaju ehitus on lõpetamisel ning uus aianduskeskus avatakse peatselt. EfTEN Real Estate Fund III AS-i konsolideeritud varade maht oli 30.09.2019 seisuga 130,3 miljonit eurot (31.12.2018: 108,5 miljonit eurot) ning omakapital 68,6 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 30.09.2019
Message
The net asset value (NAV) of the shares of EfTEN Real Estate Fund III AS as of 30.09.2019 was 16.24 euros per share. NAV increased by 0,8% in September. The EPRA NAV per share (net book value excluding deferred income tax liability and fair value of interest derivatives) as of 30.09.2019 was 17.29 euros. EPRA NAV increased by 0,7% during September. EfTEN Real Estate Fund III AS earned sales income of EUR 787 thousand in September, which is EUR 4 thousand less than a month ago. The EBITDA of the Fund in September was 636 thousand euros (646 thousand euros in August). The Fund's net profit for September 2019 is EUR 554 thousand (August: EUR 445 thousand). The significant change in net profit was mainly due to the profit from interest derivative fair value changes. During the nine months of this year, EfTEN Real Estate Fund III AS has earned EUR 7.0 million in sales (10% and EUR 0.7 million more than in the same period last year). The fund's EBITDA for the first nine months of this year is EUR 5.5 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 nine months of 2019 in the amount of 1,9 million euros (46 cents per share). As of the end of September, 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. Construction of Hortes Tähesaju is on completion stage and a new gardening center will be opened soon. The volume of consolidated assets of EfTEN Real Estate Fund III AS as of 30.09.2019 was 130.3 million euros (31.12.2018: 108.5 million euros) and equity was 68.6 million euros (31.12.2018: 50.5 million euros). Marilin Hein CFO Phone 655 9515 E-mail: [email protected]