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

8892

Esitamise kuupäev ja aeg

15.06.2021 19:15:00

Teate sisu eesti keeles

Pealkiri

Baltic Horizon Fond avaldab osaku puhasväärtuse 2021. aasta mai seisuga

Teade

Baltic Horizon Fondi (Fond) osaku puhasväärtus (NAV) 2021. aasta mai lõpu
seisuga on 1.1463 eurot osaku kohta. Fondi osaku puhasväärtuse muutus võrreldes
eelneva kuu lõpu seisuga on +0.36%. Fondi kogu puhasväärtus tõusis kuuga 137,1
miljoni euroni. Fondi puhasväärtust mõjutas positiivselt renditegevusest
teenitud rahavoog. EPRA NRV kasvas 2021. aasta mai lõpu seisuga 1,2283 euroni
osaku kohta, mis tähendab +0.34% kasvu viimase kuuga.

2021. aasta mai auditeerimata konsolideeritud üüritulu oli 1,2 miljonit eurot,
mis vastab üüritulu neto vähenemisele võrreldes eelmise kuuga 0,3 miljoni euro
võrra (1,5 miljonit eurot 2021. aasta aprillis). Langust mõjutas peamiselt
ühekordne rendigarantii mahakandmine Pirita Keskuses summas 0,2 miljonit eurot.
Selle tasakaalustas osaliselt kontorisegmendi puhas renditulu kasv. Fond teenis
2021. aasta mai auditeerimata konsolideeritud puhaskasumit 0,4 miljonit eurot.
Täituvus oli 31. mai 2021 seisuga tugev 93,7%. Üldine üüri kogumine oli
positiivne ning 2021. majandusaasta jooksul on seni kogutud 87% üüriarvetest.

2021. aasta mais on Fond suurendanud oma sularahajääki, emiteerides edukalt
Meraki SPV 4,0 miljonit eurot võlakirju. Meraki võlakirjadega seotud vahendeid
hoitakse hetkel tagatisfondi kontol. 2021. aasta mai lõpus moodustas Fondi
konsolideeritud raha ja raha ekvivalendid 14,5 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 mais veidi kasvasid 2,3 miljoni euroni. Fondi juhtkond
jälgib aktiivselt laekumisi ja hoiab üürnikega kommunikatsioonivahetust.

31. mai 2021 seisuga oli Fondi konsolideeritud varade kogumaht 359,7 miljonit
eurot (31. detsember 2020: 355,6 miljonit eurot). Fond on investeerinud
täiendavad 0,2 miljonit eurot Meraki büroohoonete käimasolevatesse
ehitustöödesse 2021. aasta mais.

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 (http://www.baltichorizon.com)

Teate sisu inglise keeles

Pealkiri

Baltic Horizon Fund publishes its NAV for May 2021

Teade

The  net asset value (NAV) of Baltic Horizon  Fund (the Fund) unit at end of May
2021 amounted  to EUR 1.1463 per  unit. Compared to  the previous month, NAV per
unit  increased by  +0.36%. 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 May 2021 increased to EUR
1.2283 per unit, corresponding to an increase of +0.34% over the last month.

Consolidated  net  rental  income  for  May  2021 amounted  to  EUR 1.2 million,
corresponding to a net rental income decrease of EUR 0.3 million compared to the
previous  month  (EUR  1.5 million  in  April  2021). The  decrease  was  mainly
influenced  by a one-off rental guarantee write-off at Pirita Shopping Centre in
the  amount of EUR 0.2 million. This was  partially offset by an increase in the
net  rental  income  of  the  office  segment.  The  Fund  earned  an  unaudited
consolidated  net profit of EUR 0.4 million in May 2021. The Portfolio occupancy
rate  as of 31 May 2021 stood strong  at 93.7%. Overall rent collection remained
commendable  with 87% of invoiced rent collected  to date for the 2021 financial
year.

In May 2021, the Fund has increased its cash balance by successfully issuing EUR
4.0 million  bonds in  Meraki SPV.  Funds related  to Meraki bonds are currently
held  at an escrow account. At the end of May 2021, the Fund's consolidated cash
and  cash equivalents amounted to EUR  14.5 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 slightly increased over the month and reached EUR 2.3 million
at  the end of May  2021. The Fund's management team  actively monitors the rent
collection rates and keeps on-going communication with the tenants.

As of 31 May 2021, the total consolidated assets of the Fund stood at EUR 359.7
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 May 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