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

8719

Esitamise kuupäev ja aeg

15.04.2021 18:40:00

Teate sisu eesti keeles

Pealkiri

Baltic Horizon Fond avaldab osaku puhasväärtuse 2021. aasta märtsi seisuga

Teade

Baltic Horizon Fondi (Fond) osaku puhasväärtus (NAV) 2021. aasta märtsi lõpu
seisuga on 1.1460 eurot osaku kohta. Fondi osaku puhasväärtuse muutus võrreldes
eelneva kuu lõpu seisuga on +0.39%. Fondi kogu puhasväärtus tõusis kuuga 137,1
miljoni euroni. Fondi puhasväärtust mõjutas positiivselt renditegevusest
teenitud rahavoog ja muutus rahavoogude riskimaandamisinstrumendi reservis. EPRA
NAV, EPRA NRV ja EPRA NTA kasvas 2021. aasta märtsi lõpu seisuga 1,2284 euroni
osaku kohta, mis tähendab +0.42% kasvu viimase kuuga.

2021. aasta märtsi auditeerimata konsolideeritud üüritulu oli 1,4 miljonit
eurot, mis vastab üüritulu neto vähenemisele võrreldes eelmise kuuga 0,1 miljoni
euro võrra (1,5 miljonit eurot 2021. aasta veebruaris). Renditulude kasv
aeglustus peamiselt COVID-19-ga seotud kaubanduskeskuste sulgemisest Baltikumis.
Fond teenis 2021. aasta märtsis auditeerimata konsolideeritud puhaskasumit 0,5
miljonit eurot. Täituvus oli 31. märtsi 2021 seisuga tugev - 94,1%. Üldine üüri
kogumine oli positiivne ning 2021. majandusaasta jooksul on seni kogutud 82%
üüriarvetest.

2021. aasta märtsi lõpus moodustas Fondi konsolideeritud raha ja raha
ekvivalendid 11,8 miljonit eurot (31. detsember 2020: 13,3 miljonit eurot), mis
näitab piisavat likviidsust ja finantsilist paindlikkust. Vaatamata Baltikumi
teise COVID-19 laine ajal üürnikele antud üürisoodustustele teenib Fond
jätkuvalt stabiilset positiivset rahavoogu. Nõuded üürnike vastu 2021. aasta
märtsis veidi kasvasid 2,1 miljoni euroni. Fondi juhtkond jälgib aktiivselt
laekumisi ja hoiab üürnikega kommunikatsioonivahetust.

31. märts 2021 seisuga oli Fondi konsolideeritud varade kogumaht 356,0 miljonit
eurot (31. detsember 2020: 355,6 miljonit eurot). Fond on investeerinud
täiendavad 0,2 miljonit eurot Meraki büroohoonete käimasolevatesse
ehitustöödesse 2021. aasta märtsis.

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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RdlvsjnaIMndOG_)
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 March 2021

Teade

The net asset value (NAV) of Baltic Horizon Fund (the Fund) unit at end of March
2021 amounted  to EUR 1.1460 per  unit. Compared to  the previous month, NAV per
unit  increased by  +0.39%. The total  net asset  value of  the Fund rose to EUR
137.1 million  over the month. The NAV  was affected positively by the operating
performance of properties. EPRA NRV as at the end of March 2021 increased to EUR
1.2284 per unit, corresponding to an increase of +0.42% over the last month.

Consolidated  net  rental  income  for  March  2021 amounted to EUR 1.4 million,
corresponding to a net rental income decrease of EUR 0.1 million compared to the
previous  month (EUR 1.5 million  in February 2021) due  to the COVID-19 related
closure  of  shopping  centres  in  the  Baltics.  The  Fund earned an unaudited
consolidated  net  profit  of  EUR  0.5 million  in  March  2021. The  Portfolio
occupancy   rate  as  of  31 March  2021 stood  strong  at  94.1%. Overall  rent
collection  remained commendable with 82% of invoiced rent collected to date for
the 2021 financial year.

At  the end  of March  2021, the Fund's  consolidated cash  and cash equivalents
amounted   to  EUR  11.8 million  (31  December  2020: EUR  13.3 million)  which
demonstrates  sufficient liquidity and financial flexibility. The Fund continues
to  generate  stable  positive  cash  flow  from operations despite rent reliefs
granted  to  tenants  during  the  second  COVID-19 wave  in  the Baltics. Trade
receivables  stabilized  at  EUR  2.1 million  at  the end of March and February
2021. The Fund's management team actively monitors the rent collection rates and
keeps on-going communication with the tenants.

As  of 31 March  2021, the total  consolidated assets  of the  Fund stood at EUR
356.0 million  (31 December 2020: EUR  355.6 million). The Fund  has invested an
additional EUR 0.2 million into ongoing constructions of Meraki office buildings
during March 2021.

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