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
7854
Submission date and time
12.03.2020 08:00:00
Content of announcement in Estonian
Title
EfTEN Real Estate Fund III AS aktsia puhasväärtus seisuga 29.02.2020
Message
EfTEN Real Estate Fund III AS aktsia puhasväärtus (NAV) seisuga 29.02.2020 oli 17,08 eurot. NAV suurenes veebruaris tavapäraselt 0,7%. EPRA aktsia puhasväärtus (raamatupidamislik puhasväärtus ilma edasilükkunud tulumaksukohustust ja intressiderivatiivide õiglast väärtust arvestamata) oli 29.02.2020 seisuga 18,18 eurot. EPRA NAV suurenes veebruari jooksul samuti 0,7%. EfTEN Real Estate Fund III AS teenis veebruaris 814 tuhat eurot müügitulu, mis on samal tasemel kui kuu varem. Fondi EBITDA oli veebruaris 661 tuhat eurot (jaanuaris 647 tuhat eurot). Fondi kinnisvaraportfelli vakantsus oli veebruari lõpu seisuga 1,4% kogu üüripinnast, mis tänu uutele üürilepingutele Evolutioni ja Ulonu büroohoonetes Vilniuses on 40% väiksem kui see oli 2019. aasta lõpus. Uute sõlmitud üürilepingute kohaselt hakkab üüritulu vakantsete pindade täitmiselt laekuma peamiselt 2020. aasta II kvartalis kui üürnikud võtavad pinnad kasutusse. Fondi puhaskasum oli 2020. aasta veebruaris 477 tuhat eurot (2020 jaanuaris: 464 tuhat eurot). 13.01.2020 teatas EfTEN Real Estate Fund III AS võlaõiguslike ostulepingute sõlmimisest kahe ettevõtte omandamiseks, kellele kuuluvad Riia lennujaamas asuv Air Balticu peahoone ja Riia külje all Kekavas asuv tootmis- ja laohoone. Nimetatud ettevõtete soetamiseks tegi EfTEN Real Estate Fund III AS veebruaris ettemaksu tehingu tegemiseks avatud deposiidikontole (escrow account) summas 8 873 tuhat eurot. Tehingu eeltingimused on täidetud ning 11.03.2020 viidi tehing lõpule. Täiendavat informatsiooni tehingu kohta leiab fondi 13.01.2020 börsiteatest. EfTEN Real Estate Fund III AS-i konsolideeritud raha ning lühiajaliste hoiuste jääk oli 29.02.2020 seisuga 8,1 miljonit eurot, millest 4,9 miljonit eurot moodustab viimasest aktsiaemissioonist laekunud investeerimata kapitali jääk. EfTEN Real Estate Fund III AS-i konsolideeritud varade maht oli 29.02.2020 seisuga 133,1 miljonit eurot (31.12.2019: 132,8 miljonit eurot) ning omakapital 72,1 miljonit eurot (31.12.2019: 71,17 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 29.02.2020
Message
The net asset value (NAV) of EfTEN Real Estate Fund III AS as of 29.02.2020 was EUR 17.08. NAV increased by 0.7% in February. The net asset value of EPRA share (net book value excluding deferred tax liability and fair value of interest rate derivatives) was EUR 18.18 as at 29.02.2020. EPRA NAV also increased 0.7% during February. EfTEN Real Estate Fund III AS earned sales income of 814 thousand euros in February, which is the same level as a month ago. The EBITDA of the Fund was 661 thousand euros in February (647 thousand euros in January). The vacancy rate of the Fund's real estate portfolio was 1.4% of the total net leaseable area at the end of February, which is 40% lower than at the end of 2019 due to new leases in Evolution and Ulonu office buildings in Vilnius. According to the new lease agreements, the rental income from renting out the vacant premises will start mainly in the second quarter of 2020 when new tenants will start to use the premises. The Fund's net profit in February 2020 was EUR 477 thousand (January 2020: EUR 464 thousand). On 13.01.2020, EfTEN Real Estate Fund III AS announced of signing a conditional purchase agreements for the acquisition of two companies, which own the Air Baltic headquarters at Riga Airport and the production and warehouse building in Kekava, Riga. In order to acquire these companies, EfTEN Real Estate Fund made a prepayment of EUR 8 873 thousand to agreed Escrow account in February. The pre- conditions for the closing are fulfilled, and on 11.03.2020 the transaction was completed. For more information on the transaction, please refer to the Fund stock exchange release on 13.01.2020. As at 29.02.2020, EfTEN Real Estate Fund III AS consolidated cash and short-term deposits amounted to EUR 8.1 million, of which EUR 4.9 million represents the balance of the uninvested capital received from the last share issue. The consolidated assets of EfTEN Real Estate Fund III AS as at 29.02.2020 were EUR 133.1 million (31.12.2019: EUR 132.8 million) and equity was EUR 72.1 million (31.12.2019: EUR 71.17 million). Marilin Hein CFO Phone 655 9515 E-mail:[email protected] (mailto:[email protected])