Börsiteade
EfTEN United Property Fund / EFTEN Capital AS
LEI kood
984500E070A0V4E8CO64
Emitendi suuruskategooria
Väikekontsern
Majandustegevusalad
Finants- ja kindlustustegevus
Sektor(id)
Fondivalitseja
Emitendi registreeritud asukoht
Eesti
Üldandmed
Kategooriad
Juhtkonna vaheteadaanne või kvartaalne finantsaruanne
Teate ID
11148
Manused
Esitamise kuupäev ja aeg
30.04.2024 08:05:00
Teate sisu eesti keeles
Pealkiri
EfTEN United Property Fund’i 2024. aasta I kvartali auditeerimata majandustulemused
Teade
2024. aasta I kvartalis teenis EfTEN United Property Fund (edaspidi Fond) 94
tuhat eurot puhaskasumit (2023 I kvartal: 34 tuhat eurot puhaskahjumit). Fondi
tulud kasvasid aastaga 56 tuhandelt eurolt 155 tuhande euroni ning kulud
kahanesid 90 tuhandelt eurolt 61 tuhande euroni.
2024. aasta I kvartalis tegutses Fond stabiliseeruva kinnisvaraturu ja euro
intressimäärade keskkonnas. Kuigi elukondliku ja eriti ärikinnisvaraturu
tehinguaktiivsus püsivad veel suhteliselt madalad, oli aasta alguses märgata
teatavaid stabiliseerumise ja taastumise märke. Nii näiteks kiirenes mõnevõrra
Fondi Uus-Järveküla arendusprojekti müügitempo. Stabiliseeruva kinnisvaraturu
keskkonnas on Fondi eesmärgiks 2024. aastal vaba kapitali investeerimine
rahavoogu tootvasse ärikinnisvarasse ning investoritele kahel korral tulu
jagamine.
Fondi varade maht on 31.03.2024 seisuga 26 354 tuhat eurot (31.12.2023: 26 259
tuhat eurot), millest 2024. aasta märtsi lõpu seisuga moodustavad 69,2%
pikaajalised investeeringud (31.12.2023: 68,6%).
Fond suurendas 2024. aasta jaanuaris seoses Vilniuses asuva üürikorterite
arendusprojektiga investeeringut usaldusfondis EfTEN Residential Fund 250
tuhande euro võrra. Vilniuse üürimaja peaks valmima ja hakkama Fondile tootma
rahavoogu 2024. aasta suvel. Viimase investeeringu Vilniuse üürimaja valmimisse
planeerib Fond teha 2024. aasta mais. Seejärel uusi investeeringuid
üürimajadesse ei planeeri.
Uus-Järveküla elurajoonis anti 2023. aasta I kvartalis klientidele üle ligikaudu
50 ridamaja osa. Lisaks algasid II etapi ehitustööd, mille raames valmib 2025.
aasta alguses 16 paarismaja osa ja 14 ridamaja osa. Nendest on klientide poolt
broneerimata veel vaid 2 paarismaja osa ja 4 ridamaja osa.
Koondkasumiaruanne
+----------+
|I kvartal |
+----+-----+
|2024|2023 |
+-------------------------------------------------------------------+----+-----+
|EUR tuhandetes | | |
+-------------------------------------------------------------------+----+-----+
|TULUD | | |
+-------------------------------------------------------------------+----+-----+
|Intressitulu | 151| 106|
+-------------------------------------------------------------------+----+-----+
|Dividenditulud | 22| 23|
+-------------------------------------------------------------------+----+-----+
|Muud finantstulud | 5| 0|
+-------------------------------------------------------------------+----+-----+
|Neto kasum / kahjum õiglases väärtuses muutusega läbi | | |
|koondkasumiaruande kajastatud varadelt | -23| -73|
+-------------------------------------------------------------------+----+-----+
| Tütarettevõtetelt |-148| 28|
+-------------------------------------------------------------------+----+-----+
| Alusfondidelt | 125| -101|
+-------------------------------------------------------------------+----+-----+
|Tulud kokku | 155| 56|
+-------------------------------------------------------------------+----+-----+
| | | |
+-------------------------------------------------------------------+----+-----+
|KULUD | | |
+-------------------------------------------------------------------+----+-----+
|Tegevuskulud | | |
+-------------------------------------------------------------------+----+-----+
| Valitsemistasud | -28| -27|
+-------------------------------------------------------------------+----+-----+
| Fondi administreerimise kulud | -6| -12|
+-------------------------------------------------------------------+----+-----+
| Muud tegevuskulud | -27| -51|
+-------------------------------------------------------------------+----+-----+
|Tegevuskulud kokku | -61| -90|
+-------------------------------------------------------------------+----+-----+
| | | |
+-------------------------------------------------------------------+----+-----+
|Ärikasum/ -kahjum | 94| -34|
+-------------------------------------------------------------------+----+-----+
|Aruandeperioodi puhaskasum /-kahjum | 94| -34|
+-------------------------------------------------------------------+----+-----+
| | | |
+-------------------------------------------------------------------+----+-----+
|Tava- ja lahustatud kasum / -kahjum osaku kohta (eurodes) |0,04|-0,01|
+-------------------------------------------------------------------+----+-----+
Finantsseisundi aruanne
+----------+----------+
|31.03.2024|31.12.2023|
+--------------------------------------------------------+----------+----------+
|EUR tuhandetes | | |
+--------------------------------------------------------+----------+----------+
|VARAD | | |
+--------------------------------------------------------+----------+----------+
|Käibevarad | | |
+--------------------------------------------------------+----------+----------+
|Raha ja raha ekvivalendid | 5 788| 5 731|
+--------------------------------------------------------+----------+----------+
|Lühiajalised hoiused | 1 563| 1 795|
+--------------------------------------------------------+----------+----------+
|Muud nõuded ja viitlaekumised | 754| 711|
+--------------------------------------------------------+----------+----------+
|Käibevarad kokku | 8 105| 8 237|
+--------------------------------------------------------+----------+----------+
| | | |
+--------------------------------------------------------+----------+----------+
|Põhivarad | | |
+--------------------------------------------------------+----------+----------+
|Finantsvarad õiglases väärtuses muutusega läbi kasumi | | |
|aruande | 12 581| 12 354|
+--------------------------------------------------------+----------+----------+
| Investeeringud tütarettevõtjatesse | 906| 1 054|
+--------------------------------------------------------+----------+----------+
| Alusfondidesse | 11 675| 11 300|
+--------------------------------------------------------+----------+----------+
|Antud laenud | 5 668| 5 668|
+--------------------------------------------------------+----------+----------+
|Põhivarad kokku | 18 249| 18 022|
+--------------------------------------------------------+----------+----------+
|VARAD KOKKU | 26 354| 26 259|
+--------------------------------------------------------+----------+----------+
| | | |
+--------------------------------------------------------+----------+----------+
|KOHUSTUSED | | |
+--------------------------------------------------------+----------+----------+
|Lühiajalised kohustused | 4| 3|
+--------------------------------------------------------+----------+----------+
|Kohustused kokku, v.a osakuomanikele kuuluv fondi vara | | |
|puhasväärtus | 4| 3|
+--------------------------------------------------------+----------+----------+
| | | |
+--------------------------------------------------------+----------+----------+
|FONDI VARA PUHASVÄÄRTUS | | |
+--------------------------------------------------------+----------+----------+
|Osakuomanikele kuuluv fondi vara puhasväärtus | 26 350| 26 256|
+--------------------------------------------------------+----------+----------+
|Kohustused ja osakuomanikele kuuluv fondi vara | | |
|puhasväärtus kokku | 26 354| 26 259|
+--------------------------------------------------------+----------+----------+
EfTEN United Property Fund 2024. aasta I kvartali auditeerimata
majandustulemused on lisatud käesolevale teatele ja leitavad Fondi kodulehel:
https://eftenunitedpropertyfund.ee/aruanded-ja-dokumendid/
Kristjan Tamla
Tegevjuht
Tel: 655 9515
E-post: [email protected] (mailto:[email protected])
Teate sisu inglise keeles
Pealkiri
EfTEN United Property Fund unaudited financial results for 1st quarter of 2024
Teade
EfTEN United Property Fund (hereinafter the Fund) earned 94 thousand euros in
net profit in the first quarter of 2024 (2023 first quarter: 34 thousand euros
in net loss). The fund's revenues increased from 56 thousand euros to 155
thousand euros during the year, and expenses decreased from 90 thousand euros to
61 thousand euros.
In the first quarter of 2024, EfTEN United Property Fund operated in an
environment of stabilizing real estate market and euro interest rates. Although
transaction activity in the residential and especially commercial real estate
market remains relatively low, certain signs of stabilization and recovery were
noticeable at the beginning of the year. For example, the sales of the fund's
Uus-Järveküla residential development project accelerated somewhat. In the
stabilizing real estate market environment, the goal of the fund is to invest
most of the free capital in cash-flow commercial real estate and to distribute
income to investors twice in 2024.
The assets of EfTEN United Property Fund are 26,354 thousand euros as of
31.03.2024 (31.12.2023: 26,259 thousand euros), of which long-term investments
make up 69.2% as of the end of March 2024 (31.12.2023: 68.6%).
In January 2024, EfTEN United Property Fund increased its investment in the
EfTEN Residential Fund by 250 thousand euros in connection with the development
project of rental apartments in Vilnius. The Vilnius rental building is expected
to be completed and to start generating cash flow for the fund in the summer of
2024. EfTEN United Property Fund is planning the last investment in the Vilnius
residential rental building in May 2024. After that, no new investments in
residential rental buildings are planned.
In the residential district of Uus-Järveküla, approximately 50 parts of terraced
houses were handed over to customers in the first quarter of 2023. In addition,
the construction works of the II stage started, where 16 semi-detached houses
and 14 of terraced houses will be completed by the beginning of 2025. Of these,
only 2 semi-detached houses and 4 terraced houses have not been booked by
customers.
Statement of the comprehensive income
+----------+
| 1st |
| quarter |
+----+-----+
|2024|2023 |
+-------------------------------------------------------------------+----+-----+
|EUR thousand | | |
+-------------------------------------------------------------------+----+-----+
|INCOME | | |
+-------------------------------------------------------------------+----+-----+
|Interest income | 151| 106|
+-------------------------------------------------------------------+----+-----+
|Dividend income | 22| 23|
+-------------------------------------------------------------------+----+-----+
|Other financial income | 5| 0|
+-------------------------------------------------------------------+----+-----+
|Net profit / loss from assets recognised in fair value through | | |
|profit or loss | -23| -73|
+-------------------------------------------------------------------+----+-----+
| Investments in subsidiaries |-148| 28|
+-------------------------------------------------------------------+----+-----+
| Investments in funds | 125| -101|
+-------------------------------------------------------------------+----+-----+
|Total income | 155| 56|
+-------------------------------------------------------------------+----+-----+
| | | |
+-------------------------------------------------------------------+----+-----+
|COSTS | | |
+-------------------------------------------------------------------+----+-----+
|Operating expenses | | |
+-------------------------------------------------------------------+----+-----+
| Management fee | -28| -27|
+-------------------------------------------------------------------+----+-----+
| Costs of administering the Fund | -6| -12|
+-------------------------------------------------------------------+----+-----+
| Other operating expenses | -27| -51|
+-------------------------------------------------------------------+----+-----+
|Total operating expenses | -61| -90|
+-------------------------------------------------------------------+----+-----+
| | | |
+-------------------------------------------------------------------+----+-----+
|Profit / loss for the period | 94| -34|
+-------------------------------------------------------------------+----+-----+
|Total profit / loss for the period | 94| -34|
+-------------------------------------------------------------------+----+-----+
| | | |
+-------------------------------------------------------------------+----+-----+
|Ordinary and diluted earnings / loss per share (EUR) |0,04|-0,01|
+-------------------------------------------------------------------+----+-----+
Statement of financial position
+----------+----------+
|31.03.2024|31.12.2023|
+--------------------------------------------------------+----------+----------+
|EUR thousand | | |
+--------------------------------------------------------+----------+----------+
|ASSETS | | |
+--------------------------------------------------------+----------+----------+
|Current assets | | |
+--------------------------------------------------------+----------+----------+
|Cash and cash equivalents | 5 788| 5 731|
+--------------------------------------------------------+----------+----------+
|Short-term deposits | 1 563| 1 795|
+--------------------------------------------------------+----------+----------+
|Other receivables and accrued income | 754| 711|
+--------------------------------------------------------+----------+----------+
|Total current assets | 8 105| 8 237|
+--------------------------------------------------------+----------+----------+
| | | |
+--------------------------------------------------------+----------+----------+
|Non-current assets | | |
+--------------------------------------------------------+----------+----------+
|Financial assets at fair value through profit or loss | 12 581| 12 354|
+--------------------------------------------------------+----------+----------+
| Investments in subsidiaries | 906| 1 054|
+--------------------------------------------------------+----------+----------+
| Real estate funds | 11 675| 11 300|
+--------------------------------------------------------+----------+----------+
|Loans granted | 5 668| 5 668|
+--------------------------------------------------------+----------+----------+
|Total non-current assets | 18 249| 18 022|
+--------------------------------------------------------+----------+----------+
|TOTAL ASSETS | 26 354| 26 259|
+--------------------------------------------------------+----------+----------+
| | | |
+--------------------------------------------------------+----------+----------+
|LIABILITIES | | |
+--------------------------------------------------------+----------+----------+
|Current liabilities | 4| 3|
+--------------------------------------------------------+----------+----------+
|Total liabilities, excluding net asset value of the fund| | |
|attributable to shareholders | 4| 3|
+--------------------------------------------------------+----------+----------+
| | | |
+--------------------------------------------------------+----------+----------+
|NET ASSET VALUE OF THE FUND | | |
+--------------------------------------------------------+----------+----------+
|Net asset value of the fund attributable to shareholders| 26 350| 26 256|
+--------------------------------------------------------+----------+----------+
|Total liabilities and net asset value of the fund | | |
|attributable to shareholders | 26 354| 26 259|
+--------------------------------------------------------+----------+----------+
The unaudited 1(st) quarter 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: [email protected] (mailto:[email protected])