Börsiteade
EfTEN United Property Fund / EFTEN Capital AS
Kategooria
Poolaastaaruanne
Manused
Kuupäev
08.08.2024 08:05:00
Pealkiri
EfTEN United Property Fund’i 2024. aasta I poolaasta ja II kvartali auditeerimata majandustulemused
Teade
2024. aasta II kvartalis teenis EfTEN United Property Fund (edaspidi Fond) 307 tuhat eurot puhaskasumit (2023 II kvartal: 37 tuhat eurot puhaskahjumit). Fondi tulud kasvasid aastaga 8 tuhandelt eurolt 355 tuhande euroni. 2024. aasta I poolaastal teenis Fond 401 tuhat eurot puhaskasumit (2023 I poolaasta: 71 tuhat eurot puhaskahjumit). Fondi varade maht on 30.06.2024 seisuga 26 411 tuhat eurot (31.12.2023: 26 259 tuhat eurot), millest 2024. aasta juuni lõpu seisuga moodustavad 70,0% pikaajalised investeeringud (31.12.2023: 68,6%). 2024. aasta II kvartalis jätkus Balti riikide kinnisvaraturu stabiliseerumine ning ilmnesid esimesed märgid tehingute aktiivsuse kasvust. Eelkõige on selle taga euro intressimäärade alanemine (6 kuu EURIBOR langes poolaastaga pea 20 baaspunkti võrra), mis on üle mitme aasta taas vähendamas sektori laenukapitali kulu. Kõige selgemalt on aktiveerumise märke näha elukondliku kinnisvara sektoris, kus EfTEN United Property Fund'i poolt rahastatavas Uus-Järveküla arendusprojektis sõlmiti II kvartalis rekordarv uusi müügilepinguid. Juuni lõpu seisuga on klientide poolt ostetud või broneeritud pea 60% elurajooni lõplikust arendusmahust. Samas püsib ehitusturg veel vaiksena ning ehitushindade kasvuks hetkel suurem surve puudub. See võimaldas I poolaasta lõpus soodsatel tingimustel alustada Uus-Järveküla elurajoonis kolmanda etapi, mille raames valmib 18 ridamaja boksi, arendamist. Kuigi ärikinnisvara segmendis püsib tehinguaktiivses veel suhteliselt madalal, on teatavaid taastumise märke näha ka seal. Turuaktiivsuse paranemise jätkumisele lisab kindlustunnet asjaolu, et omanikud on müügihinna ootusi võrreldes paari aasta taguse perioodiga allapoole korrigeerimas. Sellises keskkonnas on EfTEN United Property Fund'i eesmärgiks 2024. aasta II poolel suurem osa portfellist rahavoogu tootvasse ärikinnisvarasse ära investeerida. Lisaks plaanib fond alusfondidest ja intressidena laekuvatest tuludest teha selle aasta teise väljamakse. Koondkasumiaruanne +----------+----------+ |II kvartal| 6 kuud | +----+-----+----+-----+ |2024|2023 |2024|2023 | +--------------------------------------------------------+----+-----+----+-----+ |EUR tuhandetes | | | | | +--------------------------------------------------------+----+-----+----+-----+ |TULUD | | | | | +--------------------------------------------------------+----+-----+----+-----+ |Intressitulu | 159| 135| 310| 241| +--------------------------------------------------------+----+-----+----+-----+ |Dividenditulud | 238| 329| 260| 352| +--------------------------------------------------------+----+-----+----+-----+ |Muud finantstulud | 0| 0| 5| 0| +--------------------------------------------------------+----+-----+----+-----+ |Neto kasum / kahjum õiglases väärtuses muutusega läbi | | | | | |koondkasumiaruande kajastatud varadelt | -42| -456| -65| -529| +--------------------------------------------------------+----+-----+----+-----+ | Tütarettevõtetelt | 8| -104|-140| -76| +--------------------------------------------------------+----+-----+----+-----+ | Alusfondidelt | -50| -352| 75| -453| +--------------------------------------------------------+----+-----+----+-----+ |Tulud kokku | 355| 8| 510| 64| +--------------------------------------------------------+----+-----+----+-----+ | | | | | | +--------------------------------------------------------+----+-----+----+-----+ |KULUD | | | | | +--------------------------------------------------------+----+-----+----+-----+ |Tegevuskulud | | | | | +--------------------------------------------------------+----+-----+----+-----+ | Valitsemistasud | -28| -27| -56| -54| +--------------------------------------------------------+----+-----+----+-----+ | Fondi administreerimise kulud | -10| -6| -16| -18| +--------------------------------------------------------+----+-----+----+-----+ | Muud tegevuskulud | -10| -12| -37| -63| +--------------------------------------------------------+----+-----+----+-----+ |Tegevuskulud kokku | -48| -45|-109| -135| +--------------------------------------------------------+----+-----+----+-----+ | | | | | | +--------------------------------------------------------+----+-----+----+-----+ |Ärikasum/ -kahjum | 307| -37| 401| -71| +--------------------------------------------------------+----+-----+----+-----+ |Aruandeperioodi puhaskasum /-kahjum | 307| -37| 401| -71| +--------------------------------------------------------+----+-----+----+-----+ | | | | | | +--------------------------------------------------------+----+-----+----+-----+ |Tava- ja lahustatud kasum / -kahjum osaku kohta | | | | | |(eurodes) |0,12|-0,01|0,16|-0,03| +--------------------------------------------------------+----+-----+----+-----+ Finantsseisundi aruanne +----------+----------+ |30.06.2024|31.12.2023| +--------------------------------------------------------+----------+----------+ |EUR tuhandetes | | | +--------------------------------------------------------+----------+----------+ |VARAD | | | +--------------------------------------------------------+----------+----------+ |Käibevarad | | | +--------------------------------------------------------+----------+----------+ |Raha ja raha ekvivalendid | 5 500| 5 731| +--------------------------------------------------------+----------+----------+ |Lühiajalised hoiused | 1 563| 1 795| +--------------------------------------------------------+----------+----------+ |Muud nõuded ja viitlaekumised | 862| 711| +--------------------------------------------------------+----------+----------+ |Käibevarad kokku | 7 925| 8 237| +--------------------------------------------------------+----------+----------+ | | | | +--------------------------------------------------------+----------+----------+ |Põhivarad | | | +--------------------------------------------------------+----------+----------+ |Finantsvarad õiglases väärtuses muutusega läbi kasumi | | | |aruande | 12 818| 12 354| +--------------------------------------------------------+----------+----------+ | Investeeringud tütarettevõtjatesse | 914| 1 054| +--------------------------------------------------------+----------+----------+ | Alusfondidesse | 11 904| 11 300| +--------------------------------------------------------+----------+----------+ |Antud laenud | 5 668| 5 668| +--------------------------------------------------------+----------+----------+ |Põhivarad kokku | 18 486 18 022 +--------------------------------------------------------+----------+----------+ |VARAD KOKKU | 26 411| 26 259| +--------------------------------------------------------+----------+----------+ | | | | +--------------------------------------------------------+----------+----------+ |KOHUSTUSED | | | +--------------------------------------------------------+----------+----------+ |Lühiajalised kohustused | 13| 3| +--------------------------------------------------------+----------+----------+ |Kohustused kokku, v.a osakuomanikele kuuluv fondi vara | | | |puhasväärtus | 13| 3| +--------------------------------------------------------+----------+----------+ | | | | +--------------------------------------------------------+----------+----------+ |FONDI VARA PUHASVÄÄRTUS | | | +--------------------------------------------------------+----------+----------+ |Osakuomanikele kuuluv fondi vara puhasväärtus | 26 398| 26 256| +--------------------------------------------------------+----------+----------+ |Kohustused ja osakuomanikele kuuluv fondi vara | | | |puhasväärtus kokku | 26 411| 26 259| +--------------------------------------------------------+----------+----------+ EfTEN United Property Fund 2024. aasta II kvartali ja I poolaasta auditeerimata majandustulemused on lisatud käesolevale teatele ja leitavad Fondi kodulehel: https://eftenunitedpropertyfund.ee/aruanded-ja-dokumendid/ Kristjan Tamla Tegevjuht Tel: 655 9515 E-post: kristjan.tamla@eften.ee (mailto:kristjan.tamla@eften.ee)
Pealkiri
EfTEN United Property Fund unaudited financial results for 2nd quarter and I half-year of 2024
Teade
EfTEN United Property Fund (hereinafter the Fund) earned 307 thousand euros in net profit in the second quarter of 2024 (2023 second quarter: 37 thousand euros in net loss). The fund's revenues increased from 8 thousand euros to 355 thousand euros during the year. During the I half of 2024 the Fund earned 401 thousand euros in net profit (2023 I half: 71 thousand euros net loss). The Fund's assets amounted to 26,411 thousand euros as of 30.06.2024 (31.12.2023: 26,259 thousand euros), of which long-term investments make up 70.0% as of the end of June 2024 (31.12.2023: 68.6%). In the II quarter of 2024, the Baltics' real estate market continued to stabilize and the first signs of an increase in transaction activity appeared. Above all, this is due to the decrease in euro interest rates (the 6-month EURIBOR fell by almost 20 basis points in half a year), which has after many years started to reduce again the cost of debt in the sector. The increasing activity is most clearly visible in the residential real estate sector, where in the second quarter a record number of new sales contracts were signed at the Uus-Järveküla development project financed by EfTEN United Property Fund. As of the end of June, almost 60% of the final development volume of the residential area has been purchased or booked by customers. At the same time, the construction market is still fairly quiet, and there is currently little pressure on construction costs. This made enabled under favorable conditions to start the development of the third stage in the residential district of Uus-Järveküla at the end of the first half of the year. Altogether 18 terraced houses will be built during the third stage. Although transaction activity in the commercial real estate segment remains relatively low, some signs of recovery can be seen there as well. Owners have started to adjust their sales price expectations downwards compared to the period of a few years ago, which should increase the market activity further. In such an environment, EfTEN United Property Fund aims to invest the majority of the portfolio in commercial cash-flow generating real estate in the second half of 2024. In addition, the fund plans to make a second distribution this year from the income received from underlying funds and interest. Statement of the comprehensive income +----------+----------+ | 2nd | | | quarter | 6 months | +----+-----+----+-----+ |2024|2023 |2024|2023 | +--------------------------------------------------------+----+-----+----+-----+ |EUR thousand | | | | | +--------------------------------------------------------+----+-----+----+-----+ |INCOME | | | | | +--------------------------------------------------------+----+-----+----+-----+ |Interest income | 159| 135| 310| 241| +--------------------------------------------------------+----+-----+----+-----+ |Dividend income | 238| 329| 260| 352| +--------------------------------------------------------+----+-----+----+-----+ |Other financial income | 0| 0| 5| 0| +--------------------------------------------------------+----+-----+----+-----+ |Net profit / loss from assets recognised in fair value | | | | | |through profit or loss | -42| -456| -65| -529| +--------------------------------------------------------+----+-----+----+-----+ | Investments in subsidiaries | 8| -104|-140| -76| +--------------------------------------------------------+----+-----+----+-----+ | Investments in funds | -50| -352| 75| -453| +--------------------------------------------------------+----+-----+----+-----+ |Total income | 355| 8| 510| 64| +--------------------------------------------------------+----+-----+----+-----+ | | | | | | +--------------------------------------------------------+----+-----+----+-----+ |COSTS | | | | | +--------------------------------------------------------+----+-----+----+-----+ |Operating expenses | | | | | +--------------------------------------------------------+----+-----+----+-----+ | Management fee | -28| -27| -56| -54| +--------------------------------------------------------+----+-----+----+-----+ | Costs of administering the Fund | -10| -6| -16| -18| +--------------------------------------------------------+----+-----+----+-----+ | Other operating expenses | -10| -12| -37| -63| +--------------------------------------------------------+----+-----+----+-----+ |Total operating expenses | -48| -45|-109| -135| +--------------------------------------------------------+----+-----+----+-----+ | | | | | | +--------------------------------------------------------+----+-----+----+-----+ |Profit / loss for the period | 307| -37| 401| -71| +--------------------------------------------------------+----+-----+----+-----+ |Total profit / loss for the period | 307| -37| 401| -71| +--------------------------------------------------------+----+-----+----+-----+ | | | | | | +--------------------------------------------------------+----+-----+----+-----+ |Ordinary and diluted earnings / loss per share (EUR) |0,12|-0,01|0,16|-0,03| +--------------------------------------------------------+----+-----+----+-----+ Statement of financial position +----------+----------+ |30.06.2024|31.12.2023| +--------------------------------------------------------+----------+----------+ |EUR thousand | | | +--------------------------------------------------------+----------+----------+ |ASSETS | | | +--------------------------------------------------------+----------+----------+ |Current assets | | | +--------------------------------------------------------+----------+----------+ |Cash and cash equivalents | 5 500| 5 731| +--------------------------------------------------------+----------+----------+ |Short-term deposits | 1 563| 1 795| +--------------------------------------------------------+----------+----------+ |Other receivables and accrued income | 862| 711| +--------------------------------------------------------+----------+----------+ |Total current assets | 7 925| 8 237| +--------------------------------------------------------+----------+----------+ | | | | +--------------------------------------------------------+----------+----------+ |Non-current assets | | | +--------------------------------------------------------+----------+----------+ |Financial assets at fair value through profit or loss | 12 818| 12 354| +--------------------------------------------------------+----------+----------+ | Investments in subsidiaries | 914| 1 054| +--------------------------------------------------------+----------+----------+ | Real estate funds | 11 904| 11 300| +--------------------------------------------------------+----------+----------+ |Loans granted | 5 668| 5 668| +--------------------------------------------------------+----------+----------+ |Total non-current assets | 18 486 18 022 +--------------------------------------------------------+----------+----------+ |TOTAL ASSETS | 26 411| 26 259| +--------------------------------------------------------+----------+----------+ | | | | +--------------------------------------------------------+----------+----------+ |LIABILITIES | | | +--------------------------------------------------------+----------+----------+ |Current liabilities | 13| 3| +--------------------------------------------------------+----------+----------+ |Total liabilities, excluding net asset value of the fund| | | |attributable to shareholders | 13| 3| +--------------------------------------------------------+----------+----------+ | | | | +--------------------------------------------------------+----------+----------+ |NET ASSET VALUE OF THE FUND | | | +--------------------------------------------------------+----------+----------+ |Net asset value of the fund attributable to shareholders| 26 398| 26 256| +--------------------------------------------------------+----------+----------+ |Total liabilities and net asset value of the fund | | | |attributable to shareholders | 26 411| 26 259| +--------------------------------------------------------+----------+----------+ The unaudited 2(nd) quarter and I half-year 2024 report of the EfTEN United Property Fund is attached to the release and can be found on the Fund's website: https://eftenunitedpropertyfund.ee/en/reports-documents/ Kristjan Tamla Managing Director Phone 655 9515 E-mail: kristjan.tamla@eften.ee (mailto:kristjan.tamla@eften.ee)