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
8634
Attachments
Submission date and time
08.03.2021 16:05:00
Content of announcement in Estonian
Title
EfTEN Real Estate Fund III AS aktsia puhasväärtus seisuga 28.02.2021
Message
EfTEN Real Estate Fund III AS aktsia puhasväärtus (NAV) seisuga 28.02.2021 oli 17,21 eurot. EPRA aktsia puhasväärtus (raamatupidamislik puhasväärtus ilma edasilükkunud tulumaksukohustust ja intressiderivatiivide õiglast väärtust arvestamata) oli 28.02.2021 seisuga 18,32 eurot. Nii NAV kui EPRA NAV suurenesid veebruari jooksul 0,8%. EfTEN Real Estate Fund III AS veebruari finantstulemused olid kiire Covid-19 leviku kuul paremad kui juhtkond seda ootas - fond teenis veebruaris 961 tuhat eurot konsolideeritud müügitulu, mis on jaanuariga võrreldes 15 tuhat eurot rohkem. Müügitulu kasv tuli peamiselt Saules Miestase kaubanduskeskuse liig- konservatiivsest provisjonist jaanuaris, kuid ka Laisves büroohoone uute üürilepingute tulu lisandumisest. Fondi konsolideeritud EBITDA oli veebruaris 799 tuhat eurot (14 tuhat eurot rohkem kui jaanuaris). Selle aasta esimese kahe kuu jooksul on fond teeninud 1,9 miljonit eurot müügitulu, mis on 17% rohkem kui eelmisel aastal. Müügitulu kasv tuli peamiselt uute kinnisvarainvesteeringute lisandumisest, kuid ka Evolution büroohoone vakantsuse väljarentimisest ning stabiilsest majandustegevusest enamikes fondi objektides. Saules Miestase kaubanduskeskuse tulemus on Leedu piirangute tõttu enim kannatanud - võrreldes eelmise aasta esimese kahe kuuga on keskuse selle aasta kahe esimese kuu üüritulu 30% (154 tuhat eurot) madalam. Koroonaviiruse levik on Leedus võrreldes detsembrikuu tipphetkega kordades alanenud, mis lubab omakorda eeldada, et lähiajal tehakse Leedu valitsuse poolt järk-järgulisi otsuseid seniste karmide piirangute lõdvendamiseks. Fondi puhaskasum oli 2021. aasta veebruaris 609 tuhat eurot (2021 jaanuaris: 567 tuhat eurot). EfTEN Real Estate Fund III AS-i konsolideeritud raha jääk oli 28.02.2021 seisuga 5,8 miljonit eurot ning kogu varade maht 151,3 miljonit eurot. EfTEN Real Estate Fund III AS-i konsolideeritud omakapital oli 28.02.2021 seisuga 72,659 miljonit eurot (31.12.2020: 71,483 miljonit eurot). Alates käesolevast teatest avaldab EfTEN Real Estate Fund III AS lisaks konsolideeritud igakuise finantsülevaate, mis lisaks kasumiaruandele, bilansile ning rahavoogude aruandele sisaldab olulisemaid finantsnäitajaid ning võrdlevaid diagramme puhasväärtuse, debitoorse võlgnevuse, vakantsuse, müügitulu ja EBITDA kohta. Marilin Hein Finantsjuht Tel. 6559 515 E-mail: [email protected] (mailto:[email protected])
Content of announcement in English
Title
Net asset value of EfTEN Real Estate Fund III AS as of 28.02.2021
Message
The net asset value (NAV) of EfTEN Real Estate Fund III AS as of 28.02.2021 was 17.21 euros. 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 28.02.2021 was 18.32 euros. Both NAV and EPRA NAV increased 0.8% during February. EfTEN Real Estate Fund III AS's financial results in February were better than the management expected. During the month of rapid growth of Covid-19 in Estonia, the fund earned 961 thousand euros of consolidated sales revenue in February, which is 15 thousand euros more than in January. The increase in sales revenue came mainly from the over-conservative provision of the Saules Miestas shopping center in January, but also from the increase in revenue from new leases for the Laisves office building. The Fund's consolidated EBITDA was 799 thousand euros in February (14 thousand euros more than in January). During the first two months of this year, the fund has earned 1.9 million euros in sales revenue, which is 17% more than last year. The increase in sales revenue is mainly due to the addition of new investment properties, but also due to the decrease of vacancy of the Evolution office building and stable economic activity in most of the fund's investments. The result of Saules Miestas shopping center has suffered the most due to the restrictions in Lithuania - compared to the first two months of the previous year, the rental income of the shopping center for the first two months of this year is 30% (154 thousand euros) lower. The spreading of Covid-19 virus in Lithuania has decreased considerably comparing with the peak in December 2020. Therefore, it is expected that Lithuanian government will start step by step easing of restrictions, which will gradually allow businesses to open. The net profit of the fund was 609 thousand euros in February 2021 (January 2021: 567 thousand euros). As of 28.02.2021, the consolidated cash balance of EfTEN Real Estate Fund III AS was 5.8 million euros and the total volume of assets was 151.3 million euros. The consolidated equity of EfTEN Real Estate Fund III AS was 72.659 million euros as of 28.02.2021 (31.12.2020: 71.483 million euros). As of this announcement, EfTEN Real Estate Fund III AS also publishes a consolidated monthly financial report, which, in addition to the income statement, balance sheet and cash flows, includes key financial indicators and comparative charts for net asset value, debt receivables, vacancy, sales revenue and EBITDA. Marilin Hein CFO Phone: 6559 515 E-mail: [email protected] (mailto:[email protected])