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
9093
Attachments
Submission date and time
12.10.2021 08:00:00
Content of announcement in Estonian
Title
EfTEN Real Estate Fund III AS aktsia puhasväärtus seisuga 30.09.2021 ja fondi esialgsed 2021. aasta 9 kuu finantstulemused
Message
EfTEN Real Estate Fund III AS aktsia puhasväärtus (NAV) oli seisuga 30.09.2021 18,0499 eurot, kasvades septembriga 0,9%. Fondi EPRA aktsia puhasväärtus (raamatupidamislik puhasväärtus ilma edasilükkunud tulumaksukohustust ja intressiderivatiivide õiglast väärtust arvestamata) oli 30.09.2021 seisuga 19,07 eurot. EPRA NAV suurenes septembris 0,8% võrra. Septembris teenis EfTEN Real Estate Fund III AS konsolideeritud müügitulu kokku 1 141 tuhat eurot, mis on 28 tuhat eurot vähem kui augustis. Väiksem üüritulu tuli peamiselt hooajaliste tulude langusest ning üürnike vahetusest septembris Saules Miestase kaubanduskeskuses. Endiselt on märgilise tähendusega muutus viimase 1,5 aasta tarbijakäitumises - keskuse külastatavus on küll madalam, kuid ostud on suuremad, mis omakorda hoiab käibeüüride taset. Fondi konsolideeritud EBITDA oli septembris 975 tuhat eurot, mis on 25 tuhat eurot madalam kui augustis. Konsolideeritud puhaskasum oli septembris 772 tuhat eurot, s.o 8 tuhat eurot kõrgem kui augustis. Selle aasta üheksa kuu jooksul on fond teeninud 9,4 (2020 9 kuud: 7,7) miljoni euro suuruse müügitulu juures 7,8 (2020: 6,15) miljonit eurot EBITDA-d. Müügitulu on võrreldes eelmise aastaga kasvanud 22,5% ning EBITDA 27%, s.o kokku 1,7 miljonit eurot, millest 0,94 miljonit eurot on toonud uute kinnisvarainvesteeringute (Rutkausko büroohoone, Pirita Pansionaat, Ramygalos logistikahoone) lisandumine ning ülejäänud kasv on seotud nii võrdlusperioodil Covid-19 eriolukorra ajal üürnikele antud allahindlustega kui ka vakantsete pindade väljaüürimisega Ulonu ja Evolutioni büroohoonetes Vilniuses. Fondi selle aasta 9 kuu puhaskasum on 7,744 miljonit eurot (eelmise aasta 9 kuu puhaskasum oli varade allahindluse tulemusel 747 tuhat eurot). EfTEN Real Estate Fund III AS on sellel aastal teeninud dividendimaksete aluseks olevat vaba rahavoogu kokku 3 630 tuhat eurot, mis on 35% rohkem kui eelmisel aastal samal ajal. Fondi konsolideeritud raha jääk oli seisuga 30.09.2021 11,9 miljonit eurot, s.h on emaettevõtte kontol vabu vahendeid investeerimiseks summas 6,4 miljonit eurot. Fondi konsolideeritud üle tähtaja võlgnevus oli 30. septembri seisuga 37 tuhat eurot, olles fondi madalaimal tasemel. EfTEN Real Estate Fund III AS-i konsolideeritud omakapital oli 30.09.2021 seisuga 91,559 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 30.09.2021 and preliminary financial results 9 months 2021
Message
The net asset value (NAV) of EfTEN Real Estate Fund III AS was 18.0499 euros as of 30.09.2021, increasing by 0.9% in September. The net asset value of the EPRA share (net book value excluding deferred income tax liability and fair value of interest rate derivatives) was 19.07 euros as of 30.09.2021. EPRA NAV increased by 0.8% in September. In September, EfTEN Real Estate Fund III AS earned a total of 1,141 thousand euros in consolidated sales revenue, which is 28 thousand euros less than in August. The lower rental income was mainly due to the decrease in seasonal income and the change of tenants in September in Saules Miestas shopping center. The change in consumer behavior over the last 1.5 years is still significant - the number of visitors to the center is lower, but purchases are higher, which in turn keeps the level of turnover rents. The Fund's consolidated EBITDA was 975 thousand euros in September, which is 25 thousand euros lower than in August. The consolidated net profit in September was 772 thousand euros, i.e. 8 thousand euros higher than in August. During the first nine months of this year, the fund has earned EBITDA of 7.8 (2020: 6.15) million euros with sales revenue of 9.4 (9 months of 2020: 7.7) million euros. Compared to the previous year, sales revenue has increased by 22.5% and EBITDA by 27%, ie a total of 1.7 million euros, of which 0.94 million euros have been brought about by the addition of new investment properties (Rutkausko office building, Pirita Elderly Care home, Ramygalos logistics building), discounts granted to tenants during the Covid-19 emergency ituation period during the reference period, as well as the renting of vacant premises in the Ulonu and Evolution office buildings in Vilnius. The fund's net profit for the first 9 months of this year is 7.744 million euros (the net profit for the first nine months of the previous year was 747 thousand euros due to the investment properties revaluation loss). This year, EfTEN Real Estate Fund III AS has earned a total of 3,630 thousand euros of free cash flow to be as base of dividends, which is 35% more than in the same period last year. As of 30.09.2021, the consolidated cash balance of the fund was 11.9 million euros, including free funds in the amount of 6.4 million euros in the parent company's account. The consolidated overdue debt of the fund was 37 thousand euros as of 30 September, being historically the lowest level of the fund. The consolidated equity of EfTEN Real Estate Fund III AS was 91.559 million euros as of 30.09.2021 (31.12.2020: 71.483 million euros). Marilin Hein CFO Phone 655 9515 E-mail: [email protected] (mailto:[email protected])