Börsiteade

Baltic Horizon Fund / Northern Horizon Capital AS

LEI kood

5299008IKT93E4SA0G49

Emitendi suuruskategooria

Väike ettevõtja

Majandustegevusalad

Finants- ja kindlustustegevus

Sektor(id)

Fondivalitseja

Emitendi registreeritud asukoht

Eesti

Üldandmed

Kategooriad

Muud korporatiivtoimingud

Teate ID

8458

Esitamise kuupäev ja aeg

15.12.2020 20:00:00

Teate sisu eesti keeles

Pealkiri

Baltic Horizon Fond avaldab osaku puhasväärtuse 2020. aasta novembri seisuga

Teade

Baltic  Horizon Fondi (Fond) osaku  puhasväärtus (NAV) 2020. aasta novembri lõpu
seisuga  on 1,2088 eurot osaku kohta. Fondi osaku puhasväärtuse muutus võrreldes
eelneva  kuu lõpu seisuga on +0,66%. Fondi kogu puhasväärtus kasvas kuuga 144,6
miljoni   euroni.   Fondi  puhasväärtust  mõjutas  positiivselt  renditegevusest
teenitud rahavoog ja muutus rahavoogude riskimaandamisinstrumendi reservis. EPRA
NAV,  EPRA NRV  ja EPRA  NTA vähenes  2020. aasta novembri  lõpu seisuga 1,2937
euroni osaku kohta, mis tähendab +0,59% kasvu viimase kuuga.

Aasta esimese 11 kuu konsolideeritud puhas renditulu ulatus 18,4 miljoni euroni,
ületades  eelmise aasta sama perioodi renditulu 1,0 miljoni euro ehk +5,5% võrra
(17,4  miljonit  eurot  30. novembril  2019. aastal  lõppenud  üheteistkümne kuu
jooksul).  Tugeva kasvu taga olid Galerija Centrs`i ja North Star`i omandamised,
millel  oli  positiivne  mõju  Fondi  renditulu  kasvule 2020. aastal (võrreldes
2019. aastaga),  ehkki  renditulu  kasv  2020. aastal  aeglustus üürnikele antud
abistamismeetmete   tõttu   COVID-19 pandeemia  ajal.  Fond  teenis  2020. aasta
novembris auditeerimata konsolideeritud puhaskasumit 0,9 miljonit eurot.

2020. aasta   novembri  lõpus  moodustas  Fondi  konsolideeritud  raha  ja  raha
ekvivalendid  12,4 miljonit eurot (31.  detsember 2019: 9,8 miljonit eurot), mis
näitab  tugevat likviidsuspositsiooni. 3,1 miljoni  euro jaotamine investoritele
2020. aasta novembris mõjutas raha ja raha ekvivalentide vähenemist kuu jooksul.
Fondi  juhtkond jälgib aktiivselt nõuete laekumist. Nõuded üürnike vastu püsisid
novembri lõpus tavapärasel tasemel, 1,6 miljoni euro juures.

30. novembri  2020 seisuga  oli  Fondi  portfelli  õiglane  väärtus kokku 348,4
miljonit  eurot (31.  detsember 2019: 358,9 miljonit  eurot), samas  kui üüritav
netopind oli 153 351 ruutmeetrit. Fond on investeerinud täiendavaid 0,4 miljonit
eurot Meraki büroohoonete käimasolevatesse ehitustöödesse 2020. aasta novembris.

Lisainformatsiooni saamiseks palume ühendust võtta:

Tarmo Karotam
Baltic Horizon Fond, fondijuht
E-mail [email protected]
(https://www.globenewswire.com/Tracker?data=Aq7eFsHivmk2iGrO8RsZXimw66nqB06jZVlC
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www.baltichorizon.com (https://www.globenewswire.com/Tracker?data=IUXMSR-
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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

Teate sisu inglise keeles

Pealkiri

Baltic Horizon Fund publishes its NAV for November 2020

Teade

Net  asset value (NAV) of Baltic Horizon Fund (the Fund) unit at end of November
2020 amounted  to EUR 1.2088 per  unit. Compared to  the previous month, NAV per
unit  increased by +0.66%. Total net asset value  of the Fund rose to EUR 144.6
million  over  the  month.  The  NAV  was  affected  positively by the operating
performance  of properties and  cash flow hedge  movement during the month. EPRA
NAV,  EPRA NRV  and EPRA  NTA as  at the  end of  November 2020 increased to EUR
1.2937 per unit, corresponding to an increase of +0.59% over the last month.

Consolidated  net rental income for the first  11 months of the year amounted to
EUR  18.4 million, exceeding the previous year's  net rental income for the same
period  by EUR 1.0 million  or +5.5% (EUR 17.4 million  during the eleven months
ended  30 November 2019). The  strong growth  was driven  by the acquisitions of
Galerija  Centrs and North Star, which had  a positive effect on the Group's net
rental income growth in 2020 as compared to 2019, albeit rental income growth in
2020 slowed  down due to relief measures granted to tenants during the COVID-19
pandemic.  The  Fund  earned  an  unaudited  consolidated net profit of EUR 0.9
million in November 2020.

At  the end of November 2020, the  Fund's consolidated cash and cash equivalents
amounted   to   EUR  12.4 million  (31  December  2019: EUR  9.8 million)  which
demonstrates  adequate liquidity and financial  flexibility. The distribution of
EUR  3.1 million to  investors in  November 2020 contributed  to the decrease in
cash  and  cash  equivalents  during  the  month.  The Fund's management team is
actively  monitoring  the  collection  of  trade  receivables. Trade receivables
remained at a regular level of EUR 1.6 million at the end of November.

As  of 30 November 2020, the total  fair value of Fund's  portfolio stood at EUR
348.4 million  (31  December  2019: EUR  358.9 million),  while  the  total  net
leasable  area was 153,351 sq. m.  The Fund has invested  an additional EUR 0.4
million  into ongoing constructions  of Meraki office  buildings during November
2020.

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