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
8990
Attachments
Submission date and time
11.08.2021 08:00:00
Content of announcement in Estonian
Title
EfTEN Real Estate Fund III AS aktsia puhasväärtus seisuga 31.07.2021
Message
EfTEN Real Estate Fund III AS aktsia puhasväärtus (NAV) seisuga 31.07.2021 oli 17,747 eurot. EPRA aktsia puhasväärtus (raamatupidamislik puhasväärtus ilma edasilükkunud tulumaksukohustust ja intressiderivatiivide õiglast väärtust arvestamata) oli 31.07.2021 seisuga 18,75 eurot. Nii NAV kui EPRA NAV suurenesid juulis 0,8% võrra. Juulis teenis EfTEN Real Estate Fund III AS konsolideeritud müügitulu kokku 1 146 tuhat eurot, mis on 49 tuhat eurot rohkem kui juunis - juulis lisandus esmakordselt fondi viimase soetuse, Panevezyses asuvate lao ja tööstushoonete kompleksi täiskuu üüritulu ning lisaks kasvasid 15 tuhande euro võrra Saules Miestase kaubanduskeskuse müügitulud. Fondi konsolideeritud EBITDA oli juulis 978 tuhat eurot, mis on 150 tuhat eurot kõrgem kui juunis, sisaldades NOI (puhas üüritulu) kasvu summas 57 tuhat eurot ning üldkulude vähenemise mõju summas 95 tuhat eurot. Võrdlusperioodi tavapärasest kõrgemad üldkulud tulenesid viimasest avalikust aktsiaemissioonist. Selle aasta seitsme kuu jooksul on fond teeninud 7,1 miljoni euro (2020 7 kuud: 5,7 miljoni euro) suuruse müügitulu juures 5,9 MEUR (2020: 4,5 MEUR) EBITDA-d. EBITDA on võrreldes eelmise aastaga kasvanud kokku 1,3 miljonit eurot, millest 918 tuhat eurot on toonud uute kinnisvarainvesteeringute lisandumine ning ülejäänud kasv on seotud nii eelmisel aastal Covid-19 eriolukorra ajal üürnikele antud allahindluste lõppemiste kui ka vakantsete ruumide väljaüürimisega Ulonu ja Evolutioni büroohoonetes Vilniuses. Fondi konsolideeritud üle tähtaja võlgnevus oli 31. juuli seisuga 156 tuhat eurot, jäädes juuniga võrreldes samale tasemele. Fondi konsolideeritud raha jääk kasvas juunis 138 tuhande euro võrra, s.h tasuti tulumaksu dividendidelt 176 tuhat eurot. Fondi konsolideeritud raha jääk oli seisuga 31.07.2021 10,07 MEUR. EfTEN Real Estate Fund III AS-i konsolideeritud omakapital oli 31.07.2021 seisuga 90,022 miljonit eurot (31.12.2020: 71,483 miljonit eurot). 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 31.07.2021
Message
The net asset value (NAV) of EfTEN Real Estate Fund III AS as of 31.07.2021 was 17,747 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 31.07.2021 was 18.75 euros. Both NAV and EPRA NAV increased by 0.8% in July. In July, the consolidated sales revenue of EfTEN Real Estate Fund III AS amounted to 1,146 thousand euros, which is 49 thousand euros more than in June - in July, for the first time, the full-month rental income of the last acquisition of the fund, the warehouse and industrial building complex in Panevezys was added, and in addition, the sales revenues of the Saules Miestas shopping center increased by 15 thousand euros. The Fund's consolidated EBITDA was 978 thousand euros in July, which is 150 thousand euros higher than in June, including an increase in NOI (net rental income) of 57 thousand euros and the effect of a decrease in overheads of 95 thousand euros. The higher than usual overheads in the comparison period were due to the last public share issue. During the seven months of this year, the fund has earned EBITDA of 5.9 MEUR (2020: 4.5 MEUR) with sales revenue of 7.1 million euros (2020 7 months: 5.7 million euros). EBITDA has increased by 1.3 million euros compared to the previous year, of which 918 thousand euros has been brought about by the addition of new acquisitions and the rest is related to the end of discounts granted to tenants during the Covid-19 emergency last year and renting out the vacant premises in Ulonu and Evolution office buildings in Vilnius. As of July 31th, the consolidated overdue debt of the Fund was 156 thousand euros, remaining at the same level as in June. The consolidated cash balance of the fund increased by 138 thousand euros in June, including the payment of 176 thousand euros from income tax, calculated from dividends. As of 31.07.2021, the consolidated cash balance of the Fund was 10.07 MEUR. The consolidated equity of EfTEN Real Estate Fund III AS was 90.022 million euros as of 31.07.2021 (31.12.2020: 71.483 million euros). Marilin Hein CFO Phone: 6559 515 E-mail: [email protected] (mailto:[email protected])