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
9062
Attachments
Submission date and time
10.09.2021 08:00:00
Content of announcement in Estonian
Title
EfTEN Real Estate Fund III AS aktsia puhasväärtus seisuga 31.08.2021
Message
EfTEN Real Estate Fund III AS aktsia puhasväärtus (NAV) seisuga 31.08.2021 oli 17,8976 eurot, kasvades augustiga 0,8%. EPRA aktsia puhasväärtus (raamatupidamislik puhasväärtus ilma edasilükkunud tulumaksukohustust ja intressiderivatiivide õiglast väärtust arvestamata) oli 31.08.2021 seisuga 18,91 eurot. EPRA NAV suurenes augustis 0,9% võrra. Augustis teenis EfTEN Real Estate Fund III AS konsolideeritud müügitulu kokku 1 170 tuhat eurot, mis on 24 tuhat eurot rohkem kui juulis. Kõikide fondi kinnisvarainvesteeringute tulud on taastunud Covid-19 kriisi eelsele tasemele. Ka kriisis enim kannatanud Saules Miestase kaubanduskeskus teenib taas kõrgemat tulu klientide käibega seotud üürilt ning samuti laste mänguväljakult, mis vahepealsel perioodil oli suletud. Märgilise tähendusega on muutus viimase 1,5 aasta tarbijakäitumises - keskuse külastatavus on küll madalam, kuid ostud on suuremad ning kokkuvõttes on käibeüüride tase hoolimata külastatavuse langusest kriisieelse ajaga võrreldav. Fondi konsolideeritud EBITDA oli augustis 1 000 tuhat eurot, mis on 22 tuhat eurot kõrgem kui juulis, sisaldades NOI (puhas üüritulu) kasvu summas 13 tuhat eurot ning üldkulude vähenemise mõju summas 9 tuhat eurot. Selle aasta kaheksa kuu jooksul on fond teeninud 8,3 miljoni euro (2020 8 kuud: 6,7 miljoni euro) suuruse müügitulu juures 6,9 MEUR (2020: 5,3 MEUR) EBITDA-d. EBITDA on võrreldes eelmise aastaga kasvanud kokku 1,6 miljonit eurot, millest 1,054 miljonit eurot on toonud uute kinnisvarainvesteeringute lisandumine ning ülejäänud kasv on seotud nii eelmisel aastal Covid-19 eriolukorra ajal üürnikele antud allahindlustega kui ka vakantsuse väljaüürimisega Ulonu ja Evolutioni büroohoonetes Vilniuses. Fondi konsolideeritud üle tähtaja võlgnevus oli 31. augusti seisuga 152 tuhat eurot, jäädes juuliga võrreldes samale tasemele. Fondi konsolideeritud raha jääk kasvas augustis 1,479 miljoni euro võrra, s.h laekus fondi Leedu tütarettevõttele juunis soetatud kinnistute sisendkäibemaks summas 1,048 miljonit eurot. Fondi konsolideeritud raha jääk oli seisuga 31.08.2021 11,5 MEUR. EfTEN Real Estate Fund III AS-i konsolideeritud omakapital oli 31.08.2021 seisuga 90,786 miljonit eurot (31.12.2020: 71,483 miljonit eurot). Marilin Hein Finantsjuht Tel 655 9515 E-post: [email protected] (mailto:[email protected])
Content of announcement in English
Title
Net asset value of EfTEN Real Estate Fund III AS as of 31.08.2021
Message
The net asset value (NAV) of EfTEN Real Estate Fund III AS as of 31.08.2021 was 17.8976 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 31.08.2021 was 18.91 euros. EPRA NAV increased by 0.9% in August. In August, the consolidated sales revenue of EfTEN Real Estate Fund III AS totaled to 1,170 thousand euros, which is 24 thousand euros more than in July. The sales income on all investment properties of the fund has returned to the Covid-19 pre-crisis level. The Saules Miestas shopping center, which has suffered the most from the crisis, is once again earning higher income from rent related to customer turnover, as well as from the children's playground, which was closed in the meantime. The change in consumer behavior over the last 1.5 years is important to note - although the number of visitors to the center is lower, but purchases are higher and the level of turnover rents is comparable to the pre-crisis period, despite the decrease in traffic. The Fund's consolidated EBITDA was 1,000 thousand euros in August, which is 22 thousand euros higher than in July, including an increase in NOI (net rental income) of 13 thousand euros and the effect of a decrease in general expenses of 9 thousand euros. During the eight months of this year, the fund has earned EBITDA of 6.9 MEUR (2020: 5.3 MEUR) with sales revenue of 8.3 million euros (2020 8 months: 6.7 million euros). EBITDA has increased by a total of 1.6 million euros compared to the previous year, of which 1.054 million euros is due to the addition of new investment properties and the rest is related to last year's Covid-19 emergency discounts and renting out the vacancies in Ulonu and Evolution office buildings in Vilnius. The consolidated overdue debt of the fund was 152 thousand euros as of 31 August, remaining at the same level as in July. The fund's consolidated cash balance increased by 1.479 million euros in August, including the VAT repayment of 1.048 million euros on real estate acquired by the fund's Lithuanian subsidiary in June. As of 31.08.2021, the consolidated cash balance of the Fund was 11.5 MEUR. The consolidated equity of EfTEN Real Estate Fund III AS was 90.786 million euros as of 31.08.2021 (31.12.2020: 71.483 million euros). Marilin Hein CFO Phone 655 9515 E-mail: [email protected] (mailto:[email protected])