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 price sensitive information
Unique data record identifier
8253
Submission date and time
10.09.2020 10:10:32
Content of announcement in Estonian
Title
EfTEN Real Estate Fund III AS aktsia puhasväärtus seisuga 31.08.2020
Message
EfTEN Real Estate Fund III AS-i aktsia puhasväärtus (NAV) seisuga 31.08.2020 oli 16,22 eurot, suurenedes augustis 0,8%. EPRA aktsia puhasväärtus (raamatupidamislik puhasväärtus ilma edasilükkunud tulumaksukohustust ja intressiderivatiivide õiglast väärtust arvestamata) oli 31.08.2020 seisuga 17,29 eurot. EPRA NAV suurenes augusti jooksul 0,9%. August oli nii müügitulu kui ka EBITDA näitajate osas edukaim kuu terve fondi ajaloo jooksul. EfTEN Real Estate Fund III AS teenis augustis müügitulu kokku 950 tuhat eurot, s.o 94 tuhat eurot rohkem kui juulis. Fondi augustikuu tulemused sisaldasid esmakordselt Vilniuses asuva Atea büroohoone üüritulu summas 41 tuhat eurot (arvestatud 18 päeva eest), samuti lõppesid ajutised üüri allahindlused DSV Eesti ja DSV Leedu logistikakeskustes. Fondi EBITDA oli augustis 767 tuhat eurot (69 tuhat eurot rohkem kui juulis). Fondi tütarettevõte Saules Miestas UAB pikendas augustis järgmiseks kolmeks aastaks oma laenulepingut Swedpangaga. Laen refinantseeriti kogusummas 14,6 miljonit eurot intressi marginaaliga 2,65%. Fondi konsolideeritud raha jääk vähenes augustis 4,3 miljoni euro võrra, sisaldades Atea büroohoone soetusele kulunud omavahendeid summas 4,5 miljonit eurot. Konsolideeritud raha jääk oli augusti lõpus 4,2 miljonit eurot. Augusti lõpu seisuga on fondil kogu eelmisel aastal aktsiaemissioonist saadud vahendid investeeritud. Selle aasta 8 kuu kokkuvõttes on EfTEN Real Estate Fund III seoses Covid-19 mõjuga kaotanud üüritulu ligikaudu 380 tuhat eurot (6,1%), võrreldes eelmise aastaga. Fondi klientide maksekäitumine on augusti lõpuga hea - fondil on üle tähtaja debitoorseid võlgnevusi kogusummas 138 tuhat eurot, millest üle 2 kuu vanad võlad moodustavad 18%. Üle 2 kuu vanad võlad on olulises osas seotud Saules Miestase kaubanduskeskuse üürnike laekumata arvetega. EfTEN Real Estate Fund III AS-i konsolideeritud varade maht oli 31.08.2020 seisuga 142,7 miljonit eurot (31.12.2019: 132,8 miljonit eurot) ning omakapital 68,5 miljonit eurot (31.12.2019: 71,17 miljonit eurot). Marilin Hein Finantsjuht Tel. 6559 515 E-mail: [email protected]
Content of announcement in English
Title
Net asset value of EfTEN Real Estate Fund III AS as of 31.08.2020
Message
The net asset value (NAV) of EfTEN Real Estate Fund III AS as of 31.08.2020 was 16.22 euros, increasing by 0.8% in August. The net asset value of the EPRA share (net book value excluding deferred income tax liability and fair value of interest rate derivatives) as of 31.08.2020 was 17.29 euros. EPRA NAV increased 0.9% during August. August was the most successful month in the history of the fund in terms of both sales revenue and EBITDA. In August, EfTEN Real Estate Fund III AS earned a total of 950 thousand euros in sales revenue, ie 94 thousand euros more than in July. The Fund's August results included, for the first time, rental income from the Atea office building in Vilnius in the amount of 41 thousand euros (calculated for 18 days), as well as temporary rent discounts in DSV Estonia and DSV Lithuania logistics centers ended. The fund's EBITDA was 767 thousand euros in August (69 thousand euros more than in July). In August, the fund's subsidiary Saules Miestas UAB extended its loan agreement with Swedbank for the next three years. The loan was refinanced in the total amount of 14.6 million euros with an interest margin of 2.65%. The fund's consolidated cash balance decreased by 4.3 million euros in August, including the equity capital on the acquisition of the Atea office building in the amount of 4.5 million euros. The consolidated cash balance at the end of August was 4.2 million euros. As of the end of August, all funds received from the share issue last year have been invested. In the first eight months of this year, the fund is lost an approximately of 380 thousand euros (6.1%) in rental income compared to the previous year due to the impact of Covid-19. The payment behavior of the fund's clients is good as at the end of August - the fund has overdue receivables in the total amount of 138 thousand euros, of which debts older than 2 months make up 18%. Debts older than 2 months are mainly related to unpaid invoices of the tenants of Saules Miestas shopping center. As of 31.08.2020, the consolidated assets of EfTEN Real Estate Fund III AS were 142.7 million euros (31.12.2019: 132.8 million euros) and equity 68.5 million euros (31.12.2019: 71.17 million euros) . Marilin Hein CFO Phone: 6559 515 E-mail: [email protected] (mailto:[email protected])