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
9570
Submission date and time
16.05.2022 18:30:00
Content of announcement in Estonian
Title
Baltic Horizon Fond avaldab osaku puhasväärtuse 2022. aasta aprilli seisuga
Message
Baltic Horizon Fondi (Fond) osaku puhasväärtus (NAV) 2022. aasta aprilli lõpu seisuga on 1,1086 eurot osaku kohta. Fondi osaku puhasväärtus võrreldes eelneva kuu lõpu seisuga kahanes -0,25%. Puhasväärtuse langust mõjutas peamiselt osakuomanikele deklareeritud väljamakse summas 1,6 miljonit eurot. Fondi kogu puhasväärtus vähenes 132,6 miljoni euroni. Kui välistada välja kuulutatud dividendide väljamakse, oleks NAVi kasv äritegevuse tulemustest eelmise kuuga võrreldes kasvanud +0,92%. EPRA NRV 2022. aasta aprilli lõpu seisuga on 1,1859 eurot osaku kohta, mis tähendab -0,36% langemist viimase kuuga. 2022. aasta aprilli auditeerimata konsolideeritud üüritulu kasvas eelmise kuuga võrreldes 1,5 miljoni euroni (1,4 miljonit eurot 2022. aasta märtsis). Portfelli tootlus paraneb jätkuvalt tänu netorenditulu taastumisele kaubanduskeskuste segmendis. Aprillis sai Fond Läti riigilt toetust 0,3 miljoni euro ulatuses, et osaliselt hüvitada Galerija Centrsi COVID-19 pandeemiast tulenevad kahjud. Fond teenis 2022. aasta aprillis auditeerimata konsolideeritud puhaskasumit 0,9 miljonit eurot. 2022. aasta aprilli lõpus moodustas Fondi konsolideeritud raha ja raha ekvivalendid 11,0 miljonit eurot (31. detsember 2021: 16,1 miljonit eurot), mis näitab head likviidsust ja finantsilist paindlikkust. Fond plaanib tuleva aasta jooksul jätkuvalt investeerida osa olemasolevast rahast arendusprojektidesse. 30. aprill 2022 seisuga oli Fondi konsolideeritud varade kogumaht 346,8 miljonit eurot (31. detsember 2021: 346,3 miljonit eurot). Fond on investeerinud täiendavalt 1,1 miljonit eurot Meraki büroohoonete käimasolevatesse ehitustöödesse ja Europa ostukeskuse rekonstruktsiooni 2022. aasta aprillis. 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 April 2022
Message
The net asset value (NAV) of Baltic Horizon Fund (the Fund) unit at end of April 2022 amounted to EUR 1.1086 per unit. Compared to the previous month, NAV per unit decreased by -0.25%. The NAV decrease was mainly affected by declared distribution to unitholders of EUR 1.6 million. The total net asset value of the Fund decreased to EUR 132.6 million over the month. Eliminating declared dividend distribution, the NAV increase from operating performance during the month would have been +0.92% compared to the previous month. The EPRA NRV as of 30 April 2022 was EUR 1.1859 per unit, corresponding to a decrease of -0.36% over the last month. Unaudited consolidated net rental income for April 2022 increased to EUR 1.5 million compared to last month (EUR 1.4 million in March 2022). Portfolio performance continues to improve on account of the recovery of net rental income from the retail segment. In April 2022, the Fund received a grant of EUR 0.3 million from the Latvian government to partially compensate Galerija Centrs's losses resulting from the COVID-19 pandemic. The Fund recognized an unaudited consolidated net profit of EUR 0.9 million in April 2022. At the end of April 2022, the Fund's consolidated cash and cash equivalents amounted to EUR 11.0 million (31 December 2021: EUR 16.1 million) which demonstrates solid liquidity and financial flexibility. The Fund is planning to invest part of the available cash to (re)development projects during the remainder of the year. As of 30 April 2022, the total consolidated assets of the Fund were EUR 346.8 million (31 December 2021: EUR 346.3 million). The Fund has invested an additional EUR 1.1 million into the ongoing construction of the Meraki office building and Europa SC reconstruction during April 2022. 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