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
7628
Submission date and time
09.12.2019 16:08:00
Content of announcement in Estonian
Title
EfTEN Real Estate Fund III AS aktsia puhasväärtus seisuga 30.11.2019
Message
EfTEN Real Estate Fund III AS aktsia puhasväärtus (NAV) seisuga 30.11.2019 oli 16,48 eurot. NAV suurenes novembris 0,7%. EPRA aktsia puhasväärtus (raamatupidamislik puhasväärtus ilma edasilükkunud tulumaksukohustust ja intressiderivatiivide õiglast väärtust arvestamata) oli 30.11.2019 seisuga 17,52 eurot. EPRA NAV suurenes novembri jooksul samuti 0,7%. EfTEN Real Estate Fund III AS teenis novembris 783 tuhat eurot müügitulu, mis on kuu varasemaga võrreldes 2 tuhat eurot rohkem. Fondi EBITDA oli novembris 648 tuhat eurot (oktoobris 590 tuhat eurot). Fondi EBITDA oli novembris kõrgem seoses Ulonu büroohoone üürniku ennetähtaegse lepingu lõpetamise kahjuhüvitisega. Fondi puhaskasum on 2019. aasta novembris 512 tuhat eurot (oktoobris: 497 tuhat eurot). Bilansipäevajärgselt, alates 01.12.2019, alustab Hortes Tähesaju üürnik Hortes AS lepingujärgse üüri tasumisega, mis suurendab fondi igakuist konsolideeritud üüritulu 38 tuhande euro võrra kuus. Selle aasta 11 kuu jooksul on EfTEN Real Estate Fund III AS teeninud 8,6 miljonit eurot müügitulu (9% ja 0,7 miljonit eurot rohkem kui eelmisel aastal samal perioodil). Fondi EBITDA on selle aasta 11 kuu jooksul kokku 6,8 miljonit eurot (10% ja 0,6 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 11 kuu kasumilt maksta dividende kokku 2,4 miljonit eurot (56 senti aktsia kohta). EfTEN Real Estate Fund III AS-i kontodel on novembri lõpu seisuga 14 miljonit eurot investeerimata omakapitali. Investeerimiseks sobilike projektide leidmine on fondi juhtkonna esimene prioriteet. EfTEN Real Estate Fund III AS-i konsolideeritud varade maht oli 30.11.2019 seisuga 130,931 miljonit eurot (31.12.2018: 108,5 miljonit eurot) ning omakapital 69,57 miljonit eurot (31.12.2018: 50,5 miljonit eurot). Marilin Hein Finantsjuht Tel 655 9515 E-post: [email protected] (mailto:[email protected])
Content of announcement in English
Title
EfTEN Real Estate Fund III AS Net Asset Value per share as of 30.11.2019
Message
The net asset value (NAV) of the shares of EfTEN Real Estate Fund III AS as of 30.11.2019 was 16.48 euros per share. NAV increased by 0,7% in November. The EPRA NAV per share (net book value excluding deferred income tax liability and fair value of interest derivatives) as of 30.11.2019 was 17.52 euros. EPRA NAV increased also by 0,7% during November. EfTEN Real Estate Fund III AS earned sales income of EUR 786 thousand in November, which is EUR 2 thousand more than a month ago. The EBITDA of the Fund in November was 648 thousand euros (590 thousand euros in October). The EBITDA of the Fund was higher in November due to the early termination of the tenant agreement in the Ulonu office building. The Fund's net profit for November 2019 is EUR 512 thousand (October: EUR 497 thousand). After the balance sheet date, from 01.12.2019, Hortes Tähesaju tenant Hortes AS will begin to pay monthly rent, which will increase the Fund's consolidated rental income by 38 thousand euros per month. During the eleven months of this year, EfTEN Real Estate Fund III AS has earned EUR 8.6 million in sales (9% and EUR 0.7 million more than in the same period last year). The fund's EBITDA for the eleven months of this year is EUR 6.8 million (10% and EUR 0.6 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 eleven months of 2019 in the amount of 2.4 million euros (56 cents per share). As of the end of November, 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 volume of consolidated assets of EfTEN Real Estate Fund III AS as of 30.11.2019 was 130.931 million euros (31.12.2018: 108.5 million euros) and equity was 69.57 million euros (31.12.2018: 50.5 million euros). Marilin Hein CFO Phone 655 9515 E-mail: [email protected] (mailto:[email protected])