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
7574
Submission date and time
11.11.2019 08:30:00
Content of announcement in Estonian
Title
EfTEN Real Estate Fund III AS aktsia puhasväärtus seisuga 31.10.2019
Message
EfTEN Real Estate Fund III AS aktsia puhasväärtus (NAV) seisuga 31.10.2019 oli 16,35 eurot. NAV suurenes oktoobris 0,7%. EPRA aktsia puhasväärtus (raamatupidamislik puhasväärtus ilma edasilükkunud tulumaksukohustust ja intressiderivatiivide õiglast väärtust arvestamata) oli 31.10.2019 seisuga 17,39 eurot. EPRA NAV suurenes oktoobri jooksul 0,6%. EfTEN Real Estate Fund III AS teenis oktoobris 781 tuhat eurot müügitulu, mis on kuu varasemaga võrreldes 6 tuhat eurot vähem. Fondi EBITDA oli oktoobris 590 tuhat eurot (septembris 636 tuhat eurot). Fondi puhaskasum on 2019. aasta oktoobris 497 tuhat eurot (septembris: 554 tuhat eurot). Puhaskasum oli oktoobris madalam seoses intressiderivatiividelt saadud madalama kasumiga ning seoses oktoobri kõrgemate üldkuludega. Selle aasta kümne kuu jooksul on EfTEN Real Estate Fund III AS teeninud 7,8 miljonit eurot müügitulu (10% ja 0,7 miljonit eurot rohkem kui eelmisel aastal samal perioodil). Fondi EBITDA on selle aasta kümne kuu jooksul kokku 6,1 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 kümne kuu kasumilt maksta dividende kokku 2,1 miljonit eurot (50 senti aktsia kohta). EfTEN Real Estate Fund III AS-i kontodel on oktoobri lõpu seisuga 14 miljonit eurot investeerimata omakapitali. Investeerimiseks sobilike projektide leidmine on fondi juhtkonna esimene prioriteet. Fondi kõige värskem investeering, äsja valminud Tähesaju Hortese aianduskeskus Tallinnas avati eelmisel nädalal ning üürnik alustab üürimaksetega detsembri alguses. EfTEN Real Estate Fund III AS-i konsolideeritud varade maht oli 31.10.2019 seisuga 130,45 miljonit eurot (31.12.2018: 108,5 miljonit eurot) ning omakapital 69,1 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 31.10.2019
Message
The net asset value (NAV) of the shares of EfTEN Real Estate Fund III AS as of 31.10.2019 was 16.35 euros per share. NAV increased by 0,7% in October. The EPRA NAV per share (net book value excluding deferred income tax liability and fair value of interest derivatives) as of 31.10.2019 was 17.39 euros. EPRA NAV increased by 0,6% during October. EfTEN Real Estate Fund III AS earned sales income of EUR 781 thousand in October, which is EUR 6 thousand less than a month ago. The EBITDA of the Fund in October was 590 thousand euros (636 thousand euros in September). The Fund's net profit for October 2019 is EUR 497 thousand (September: EUR 554 thousand). The net profit was lower mainly due the decreased profit from interest derivatives fair value and increased general expenses during October. During the tem months of this year, EfTEN Real Estate Fund III AS has earned EUR 7.8 million in sales (10% and EUR 0.7 million more than in the same period last year). The fund's EBITDA for the first ten months of this year is EUR 6.1 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 ten months of 2019 in the amount of 2.1 million euros (50 cents per share). As of the end of October, 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. The Fund's latest investment, the newly completed Hortes Gardening Center in Tähesaju, Tallinn, opened last week and the tenant will start their rental payments from December. The volume of consolidated assets of EfTEN Real Estate Fund III AS as of 31.10.2019 was 130.45 million euros (31.12.2018: 108.5 million euros) and equity was 69.1 million euros (31.12.2018: 50.5 million euros). Marilin Hein CFO Phone 655 9515 E-mail: [email protected]