Market announcement
EfTEN United Property Fund / EFTEN Capital AS
LEI code
984500E070A0V4E8CO64
Size of the entity
Small group
Economic activities
Financial and Insurance Activities
Industry sector(s)
Management company
Country of registered office
Estonia
General information
Categories
Management interim statement or quarterly financial report
Unique data record identifier
9974
Submission date and time
30.11.2022 08:50:00
Content of announcement in Estonian
Title
EfTEN United Property Fund osaku puhasväärtus seisuga 31.10.2022
Message
EfTEN United Property Fund osaku puhasväärtus (NAV) oli oktoobri lõpus 10,99 eurot, kasvades kuuga 0,4%. Alates fondi loomisest 2021.a juuni lõpus, on fondi tootlus olnud 10,8% ning investeeritud kapitali tootlus 12,3%. Fondi omakapitalist on kolmandik investeerimata. Fondi suuremate objektide rentnike käitumisele pole viimaste kuude majandusaktiivsuse jahtumine Balti riikides mõju avaldanud. Vilniuses asuva endise Danske büroohoone (fond omab läbi usaldusfondi EfTEN Real Estate Fund 5) vakantsus on vaid 2% ning Menulio 7 büroohoones 5%. Oktoobris ja novembris sõlmiti Menulio 7 büroohoones kaks uut rendilepingut ning pikendati lepingut kahte olemasoleva rentnikuga. Novembris tegi fond ühe investeeringu - suurendas positsiooni EfTEN Kinnisvarafondis, soetades teiseselt turult 354 tuhat aktsiat hinnaga 2,8152 eurot aktsia kohta (10% allpool EfTEN Kinnisvarafondi oktoobri NAVi). Sellega suurenes EfTEN Kinnisvarafondi osakaal EfTEN United Property Fundis 13%lt 17%ni. Novembris lõpus suurendas usaldusfond EfTEN Real Estate Fund 5 Danske Vilniuse endise büroohoone suhteliselt madalat laenukoormust (45% objekti väärtusest). Käesoleval aastal oleme hoones asendanud rentnike enam kui 6 000 ruutmeetril, mille tulemusena on üüritulu aastaga kasvanud pea 15%. See võimaldab edukalt teenindada ka kõrgemat laenumakset. Sellega seoses teeb EfTEN United Property Fund lähiajal oma investoritele teise väljamakse alates fondi loomisest. Täpsem ülevaade EfTEN United Property Fund portfellist on leitav fondi kodulehel: https://eftenunitedpropertyfund.ee/fondi-tulemused/ Kristjan Tamla Jaeärisuuna juht Tel: 655 9515 E-post: [email protected] (mailto:[email protected])
Content of announcement in English
Title
Net asset value of the EfTEN United Property Fund as of 31.10.2022
Message
The net asset value (NAV) of the EfTEN United Property Fund was 10.99 euros as of October 31, 2022, increasing by 0,4% over the month. Since the start of the fund in late June 2021 the total return has been 10,8% and the return on invested capital 12,3%. The fund has 1/3 of it's capital as uninvested. The behaviour of tenants in the fund's larger objects has not been affected by the recent business cycle slowdown in the Baltic countries. The former Danske office building in Vilnius (the fund is invested through the EfTEN Real Estate Fund 5) has a vacancy rate at only 2%, and the Menulio 7 office building at 5%. In October and November, two new lease agreements were signed in the Menulio 7 office building, and the lease agreements with two existing tenants were extended. In November the fund increased its position in EfTEN Kinnisvarafond by acquiring 354 thousand shares from the secondary market at a price of 2.8152 EUR per share (10% below the October NAV of the EfTEN Kinnisvarafond). With this, the share of the EfTEN Kinnisvarafond in EfTEN United Property Fund portfolio increased from 13% to 17%. At the end of November, the EfTEN Real Estate Fund 5 increased the existing relatively low leverage (45% of the object's value) of the former Danske Vilnius office building. During this year we have leased out over 6 000 sqm of space and through the change of tenant mix, the building's annual rental income has increased by almost 15%. This allows to comfortably service a higher debt level. Upon receival, the EfTEN United Property Fund will pass it on to investors. It will be the second pay out to investors since the foundation of the fund. A more detailed overview of EfTEN United Property Fund's portfolio can be found on the fund's website: https://eftenunitedpropertyfund.ee/en/fund-results-2/ Kristjan Tamla Head of Retail Phone 655 9515 E-mail: [email protected] (mailto:[email protected])