Market announcement
Baltic Horizon Fund / Northern Horizon Capital AS
LEI code
5299008IKT93E4SA0G49
Size of the entity
Small undertaking
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
9000
Submission date and time
16.08.2021 19:15:00
Content of announcement in Estonian
Title
Baltic Horizon Fond avaldab osaku puhasväärtuse 2021. aasta juuli seisuga
Message
Baltic Horizon Fondi (Fond) osaku puhasväärtus (NAV) 2021. aasta juuli lõpu seisuga on 1,0398 eurot osaku kohta. Fondi osaku puhasväärtus võrreldes eelneva kuu lõpu seisuga on langenud -0,39%. Fondi kogu puhasväärtus kahanes kuuga 124,4 miljoni euroni. NAVi mõjutas peamiselt 1,3 miljoni euro suurune deklareeritud jaotus osakuomanikele. Deklareeritud dividendide jaotamise kaotades oleks NAVi kasv kuude jooksul äritegevuse tulemustest olnud +0,66% võrreldes eelmise kuuga. EPRA NRV 2021. aasta juuli lõpu seisuga kahanes 1,1137 euroni osaku kohta, mis tähendab -0,35% langust viimase kuuga. 2021. aasta juuli auditeerimata konsolideeritud üüritulu oli 1,6 miljonit eurot, mis vastab üüritulu neto vähesele vähenemisele võrreldes eelmise kuuga 0,1 miljoni euro võrra (1,7 miljonit eurot 2021. aasta juunis). Renditulu muutust mõjutasid peamiselt kaubanduskeskuste üürnikele antud ajutised allahindlused, kuigi allahindluste suurus on 2021. aasta juunis-juulis vähenenud võrreldes 2021. aasta jaanuari-maiga. Fond kajastas 2021. aasta juuli auditeerimata konsolideeritud puhaskasumit 0,8 miljonit eurot. Täituvus oli 31. juuli 2021 seisuga tugev 93,4%. Üldine üüri kogumine oli positiivne ning 2021. majandusaasta jooksul on seni kogutud 90,5% üüriarvetest. 2021. aasta juuli lõpus moodustas Fondi konsolideeritud raha ja raha ekvivalendid 16,2 miljonit eurot (31. detsember 2020: 13,3 miljonit eurot), mis näitab head likviidsust ja finantsilist paindlikkust. Fond plaanib ülejäänud aasta jooksul investeerida osa olemasolevast rahast arendusprojektidesse. Nõuded ostjate vastu vähenesid kuu jooksul 0,3 miljoni euro võrra ja jõudsid 2021. aasta juuli lõpus 2,0 miljoni euroni. Vaatamata COVID-19 laine ajal üürnikele antud üürisoodustustele teenib Fond jätkuvalt stabiilset positiivset rahavoogu. 31. juuli 2021 seisuga oli Fondi konsolideeritud varade kogumaht 348,0 miljonit eurot (31. detsember 2020: 355,6 miljonit eurot). Fond on investeerinud täiendavalt 0,6 miljonit eurot Meraki büroohoonete käimasolevatesse ehitustöödesse 2021. aasta juulis. Lisainformatsiooni saamiseks palume ühendust võtta: Tarmo Karotam Baltic Horizon Fond, fondijuht E-mail [email protected] (https://www.globenewswire.com/Tracker?data=Aq7eFsHivmk2iGrO8RsZXimw66nqB06jZVlC jh1OUp_zy_DWEMq7mKYKcXx4coRE61HVrecijf4FD4X4jPSEDPwUauFGiIwXv7oXE_3S1YY- jsBiixtd9969i9nOgzLYo4BaDAhhl9j7K9rrS24z_tHmTHMAGatVpO6JL6STnGqf4xPXk93DE1- wnYfLWO- hdOQ9WPjN5t04GUG25Az8IoIOSKZhMFmcIhLhDqWGRXHv_Ndtr64dxw_PW8sMorp57tunoks8XoXo36U wmqLgGAr6eC_jlhyXPS_J3RsOqWzFwQF0fjp2b8VlZTm_J3Mho7CRPEAKUS7LMH5SXHzOGkl8uNR95qi RsPR4kpru7OpPCdiOLwbTI452BeISu4W_7y40NFfa62Ym0x5MJH0uhWa1vpzYhMpSlZ27CDoG0Y1yPfs nLQV8kZuUpxgP06u0uT2btDFq4HtnTdhph- AKLT0mcxGUxr7FUPEN97OAhSya7O9EgcIw6uK0dmpKznVJhVaGz6I1UKdwtl4UBM4HvISy03eqWABAPF Qz2_IIo9lNeU9tCBNFaGD19EXatlq0lxNx4otXWMfw8c4dJDQ5gWp4oxZJn3owX82Odbfk0BCs9uh0nX kyrrQZbEkndaXoAlH0PfVXvc9MGfIrawhHjNUCooNhLCGRoALgPIzbnITfLzXUCb3xc3oVu4vMq_pE5h zHDu25oWPR2gxERozvAdxRPmPdd3ihVlPuy7YfTvqHkQRK6hi2l3xPothIL7Blf59XMjs- JTxFzv_SwRqDR0nQdWVwGiBktQyAsEdRupK_7ThOctBJAbpfoWOugU9FTlw8lNBajwGcBjJndxkkU4Jg OhRvinPv7bNLWb9tTnn1X4D01r3nDBc-RiBLdy6KGP3cmjTjSfy2vOYiqfhUFNh3ZCJnHr6Khun_1F- kxJ7LQF4H7KFl6DWFjcnK1lNs- 34L4sIBoWt3QgMpW828xlZmdK9jJMgIpyd4ghuoKncFAhbhzMiFtFHKNH3UOUxzB7yBZ6992LOQmvbGa A1UhVWid2UbypsunXAnd_eovGw3VjmIo7ZkvmRmX9IFyWfkp4- RwyAh0tnqGs4uOLpRBwYCmeJTpRj5Imc7azMhc3_xpwtB5ftr_lfAE6W7xkxnp1hNZ6PHwhJq13wRKng bXesIUfpFvhw3O_uxnLJ3Hjvp9bVvgKmWAMUBYsb- kAfMB7Jo4vDUlDZZ9Pu8C4mWGw46i52KOgWjHryHP6- 8maxOyc6wQIraPTRbq0UUCnTAZ9lbPMSkVTmmk0XrrF4KtPOpPb2EfjMhOvP80- W2fZ0Od8WAHgkmcNOJ0zuu7hlh2JBObUX137JlQK3Nhj8T- cwOQMq7FWWbGK1m4Wu1ztYpiq4ZnAAYMVBILx65KEmUndWLLhUOQVeBb_gZF_61dgt1m9g7tXoSPP_d9 8xwLD_IWoB29K1aSGN5MNpf9wJyPIj_neHI_mBpME3hGnjiJ6nBJIcRqJVAjPEINkO4tygFUvjmH0lg5 lYSAHB72ppU- glS85FmJiUgRHiSwjb0HzPreP6fQ4N_JZDFaXczth8qREkniV75AQAbkH1okpveKY_wNZSGRV7gYYMnR fcSdNae9CgWslutmeW2plHfubcFeKkzMyAw-E1n1AXRAdRBhDh5ScOoTz-6n- YqpnhAhbN9V_ogs8ARPx3my_j76m4wYZjrSya0dPReGbxpDXSSVCm9DdOYXHjx8xrqM6wLoy41vYqwfZ TiUbg0_IgCFT_FZ8Y4Pcn_vMBEuvH2IRuMPtVzixdJMHcSr7Nw0xZPadqinj- d0LRvGm9gDEHmshwhMYVJKe-Acv_HS4gupXPtWUg_Pd3SrjuHQ- JGUsdfLPUE_51zmfVEJpLKcxD0hAAHxBpYgcYtjxRxKvYEIpZBzXllJUBTUZuxPGCDK7wdL4gOEnLFgq B5x1UoDdI5P6R6GHMrJlMRWS1FA8_Ur0GTL2ETld94yRbecJKoYTEe2pWNp-l0XUy2TulUxkn8i- RdlvsjnaIMndOG_) www.baltichorizon.com (https://www.globenewswire.com/Tracker?data=IUXMSR- J2wsFWrjR5YiwxC_3RNMlkgZ5olrmJE-yWCWALoAynrcJ9e3D8ZMfvrjXEcM6oplCV- 9eLnRDxLBBFokb9jnx07EcTofRrVu2AGk72NIldpRp_ibOiy6oPhKoYu3w2yN9yNjq6Rrm18uVSZyTFt l6bu3W9exQwolx0gB96tdEifZhdkP0gkFOPjCCTiCQjceixMt7-XDQWRVeidwt3sB72Svd5U4- UjvVPTHjtB2vKVOCSBlGjCBSA54DdQWLnnwO7LlkCcWmr1xHddqkfXvbHRVbuxxU6ovWWAZD3SoMUNAG KBTWi06fpRcYvJ74g- sIcpw9a8A9eDW6WndEGYZNTghHFIfqJBBWiQJ8xw5oEu_ae6r4qKsTywQf30xkmIxrh6B9SLkaVnZzwG I6XyXqQekC_LRC3j3A3OrmHWXBjjUgqKYiUekj2HZCJ11p_lTkRJ_D14mFk6sAfQiabmkga0d3Lz3f6R h_adxTD0grvWUy-0j5dKrwTqIcIDzglwSO7bfwklEG4oAdVckSqrA-Nc-LF2Hw4- ffYcWnXMEh8xraZuqMxGvDtc5pzebyJU34wiVTWX_sGPeOd96jx--pZIgwJZy3s5lykr4E7rJT6gWnIp lX2Mrr0qeEsNtylIjLfsG5DfcI6lPCy564jk2H85zScQZBCocSPMVqbZP3idCFuUpJaKo0anPIt985kF u8jop_uVJ81iqiNBr6oa7YagawLhyrrxf8k0IqAk77mmJyWcUyZuCFAIahtJCKwRy_uXp6sUjNaIK25w He1rLbZYnFgpPgGRNavfXU71_6y0Yzxr81K_u70MSZh4AnwpPqR7J45tmClkR5BQkw3WdonWTJtvxtoq 9yxJiyPVws7fxr9lv3x0mLZOq3ewkQzA4qiC62td9Xv7NR68wDtVon0rGCDOsVtjc--AK9BXnl9amZeA rmVzXC4yNrGFR_KPEsA9PUoZuMKhb-TAdCX-W7BrwWd3ZmR5mcoPbMUsagTf26aWAdEcka34jj6CPVg_ s_QhpG3qmIk8kv7q9ExLNpASFa5QoSqtlXR444tsIlN1_E8C5phgpMGuYRKePxdxwa4dbqoTRdidAJ3t D-nkPNXDNFMxefSHbY-lvDM_5RAdY60XaCVL7yNIVNypWA6Ohc0H4E-kRHPDIMU1xGCwunqCBBQcQSev SVoBxmUslr9ZbLTd1cqN4QJDVP7kjwWMq7Upv3vgtSFqCVf9uXJrwLPz3TBdsq0m2oQHeq3BuWCKiqTW xGVi5G-CSsH844D1zmJKp230UfHR1gz9g4s9Pe6BEGChtc41G0RMfAJI8iN2EMOnSbR7BdSrj4fFlSBO RuyDkp3RTi9BLVIERvDBV8ospZmvjEG_BwTPAYGJcGUMBCbpG6aDsylkb7DKxqExko3d0ru153WDDxEv EQ5SMgIA19owJSohs-dTSEfy3Vmyy0GSa_A3r9yJ_GLZo6NggpSbbep1NG1Hk4aISl9g0l5m-XkgVfe5 RcNiiJ8RQ7pOjh8WyRlbxe-giQvtr0SpX0_GUCkMQM0Qfz-EOApTzTOx1EhIirM_wxaC52wZ9Wkx6gDK 4g28UzuTYw7cbsWuJ_8bHy7E26Up3RyVxOlcuYFjuMWG4vFRBN23XaMJDqiF4iptQPt9wFIRsrajun2i aBfQ2qAlNxlL087_XLNitYE7IDSIvOjNdLNNSd8UsQIGZR4vX7OZv7jNa_PJkynOe4sWYJI9oLvF93hl KoOdc1CTkrRssKv22u6T1i9fi9mCWH2vxywxAJK96-h07JMBKbV1wFA8U7uiF3dIsC6e7wfFqUrOzL1x aWNLoLNyiLy4XxMkVlHzoG08Ldpgip3vl4A9Zai3Gk0Wk_9FiERhAgUKdoLDOJTNI2CdtIbyOYgeyC4C aR03X-wDZK8WJEtAxh8zN_f2PrkxOQlGh8dcHyB0wO2PxoXnU04EbxWx15NIlpC8Le5qOq-fbvIajs4W pAJPy80pyT_Bm-Wz8OHEki5PZg1oQ7-4fnVmTneIFtzsKRzbqYe) Baltic Horizon Fond on registreeritud lepinguline avalik kinnine kinnisvarafond, mida valitseb alternatiivfondivalitseja Northern Horizon Capital AS. Avaldamine: GlobeNewswire, Nasdaq Tallinn, Nasdaq Stockholm, www.baltichorizon.com (http://www.baltichorizon.com)
Content of announcement in English
Title
Baltic Horizon Fund publishes its NAV for July 2021
Message
The net asset value (NAV) of Baltic Horizon Fund (the Fund) unit at end of July 2021 amounted to EUR 1.0398 per unit. Compared to the previous month, NAV per unit decreased by -0.39%. The total net asset value of the Fund declined to EUR 124.4 million over the month. The NAV decrease was mainly affected by declared distribution to unitholders of EUR 1.3 million. Eliminating declared dividend distribution, the NAV increase from operating performance during the month would have been +0.66% compared to the previous month. EPRA NRV as of 31 July 2021 was EUR 1.1137 per unit, corresponding to a decrease of -0.35% over the last month. Unaudited consolidated net rental income for July 2021 amounted to EUR 1.6 million, corresponding to a minor net rental income decrease of EUR 0.1 million compared to the previous month (EUR 1.7 million in June 2021). The change in net rental income was mainly impacted by temporary discounts granted to shopping centre tenants, albeit the size of discounts has been decreasing in June-July 2021 compared to January-May 2021. The Fund recognized an unaudited consolidated net profit of EUR 0.8 million in July 2021. The Portfolio occupancy rate as of 31 July 2021 stood strong at 93.4%. Overall rent collection remained commendable with 90.5% of invoiced rent collected to date for the 2021 financial year. At the end of July 2021, the Fund's consolidated cash and cash equivalents amounted to EUR 16.2 million (31 December 2020: EUR 13.3 million) which demonstrates sufficient liquidity and financial flexibility. The Fund is planning to invest outstanding cash to (re)development projects during the remaining year. Trade receivables decreased by EUR 0.3 million over the month and reached EUR 2.0 million at the end of July 2021. The Fund continues to generate strong positive cash flow from operations despite market uncertainty associated with COVID-19. As of 31 July 2021, the total consolidated assets of the Fund stood at EUR 348.0 million (31 December 2020: EUR 355.6 million). The Fund has invested an additional EUR 0.6 million into ongoing constructions of Meraki office buildings during July 2021. Additional information: Tarmo Karotam Baltic Horizon Fund manager E-mail [email protected] (https://www.globenewswire.com/Tracker?data=uMlftpVUP59vcFGbVHHzr_KcjChy3SCrD- dLLbKTf0tYKkwB7G6reju32f7rd8ox82AC6Fn9dBPVvf3Ds42Jh3HUJLP5jcLLX8sWJsVvChk=) www.baltichorizon.com (https://www.globenewswire.com/Tracker?data=GSQVye1bgzTst_zGKIpP26VIk1zPIzIgVMWj ti3i1cf-4E0NoN4fd-0Tfskl1CsTlTHoZAL_uWoEIZ8vsfyPcNQbnnYeu2x_1pKetGZPyYM=) The Fund is a registered contractual public closed-end real estate fund that is managed by Alternative Investment Fund Manager license holder Northern Horizon Capital AS. Both the Fund and the Management Company are supervised by the Estonian Financial Supervision Authority. Distribution: GlobeNewswire, Nasdaq Tallinn, Nasdaq Stockholm, www.baltichorizon.com