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
16590
Manused
Esitamise kuupäev ja aeg
31.10.2024 08:15:00
Teate sisu eesti keeles
Pealkiri
EfTEN United Property Fund’i 2024. aasta 9 kuu ja III kvartali auditeerimata majandustulemused
Teade
2024. aasta III kvartalis teenis EfTEN United Property Fund (edaspidi Fond) 134
tuhat eurot puhaskasumit (2023 III kvartal: 16 tuhat eurot puhaskahjumit). Fondi
tulud kasvasid aastaga 38 tuhandelt eurolt 176 tuhande euroni. 2024. aasta 9
kuuga teenis Fond 535 tuhat eurot puhaskasumit (2023 9 kuuga: 87 tuhat eurot
puhaskahjumit).
Fondi varade maht on 30.09.2024 seisuga 26 545 tuhat eurot (31.12.2023: 26 259
tuhat eurot), millest 2024. aasta septembri lõpu seisuga moodustavad 74,5%
pikaajalised investeeringud (31.12.2023: 68,6%).
Euro intressimäärade languse toel on Euroopa ja Baltikumi kinnisvaraturu
väljavaade paranemas. Paljude Euroopa riikide (sh Põhjamaade) börsidel
noteeritud kinnisvaraettevõtete aktsiad pöördusid tõusule juba eelmise aasta
lõpus. Sellele on järgnenud nende ettevõtete noteeritud võlakirjade
riskipreemiate langus ning kinnisvaraturu tehinguaktiivsus näitab esimesi
elavnemise märke.
EfTEN United Property Fundi keskne eesmärk on investeerimata kapitali aktiivne
kasutuselevõtt taastuvates majandustingimustes. Augustis tegigi Fond oma
ajalooliselt suurima investeeringu - paigutades 4,78 miljonit eurot usaldusfondi
EfTEN Real Estate Fund 5. Selle toel omandati Vilniuses värskelt valminud UNA
kaubanduskeskus, kus ankurrentnikud on Kesko Senukai ja Rimi. Tehingu järgselt
on EfTEN United Property Fund'i varadest investeeritud üle 90%.
Fondi poolt rahastatavas Uus-Järveküla elurajoonis jätkusid teise etapi (16
paarismaja ja 14 ridamaja) ning käesoleva aasta juunis alustatud kolmanda etapi
(18 ridamaja) ehitustööd. III kvartali lõpu seisuga on järgmise aasta alguses
valmivast teisest ehitusetapist broneerimata vaid 2 ridamaja. Kokku on
elurajooni planeeritavast 165-st rida- ja paarismaja boksist tänaseks valminud
või ehitusjärgus 133 boksi ning klientide poolt ostetud või broneeritud 102
boksi.
Aasta viimases kvartalis teeb EfTEN United Property Fund usaldusfondist EfTEN
Real Estate Fund 5 laekunud tuludest tänavuse aasta teise väljamakse. Fondi
investeerimata kapital on plaanis lähikuudel paigutada rahavoogu teenivasse
ärikinnisvara projekti ning väiksemas ulatuses läbi usaldusfondi EfTEN Special
Opportunities Fund erinevatesse kapitali vajadusega kinnisvara
arendusprojektidesse.
Koondkasumiaruanne
+----------+----------+
| III | |
| kvartal | 9 kuud |
+----+-----+----+-----+
|2024|2023 |2024|2023 |
+--------------------------------------------------------+----+-----+----+-----+
|EUR tuhandetes | | | | |
+--------------------------------------------------------+----+-----+----+-----+
|TULUD | | | | |
+--------------------------------------------------------+----+-----+----+-----+
|Intressitulu | 137| 143| 447| 384|
+--------------------------------------------------------+----+-----+----+-----+
|Dividenditulud | 0| 0| 260| 352|
+--------------------------------------------------------+----+-----+----+-----+
|Muud finantstulud | 0| 0| 5| 0|
+--------------------------------------------------------+----+-----+----+-----+
|Neto kasum / kahjum õiglases väärtuses muutusega läbi | | | | |
|koondkasumiaruande kajastatud varadelt | 39| -105| -26| -634|
+--------------------------------------------------------+----+-----+----+-----+
| Tütarettevõtetelt | 26| 46|-114| -30|
+--------------------------------------------------------+----+-----+----+-----+
| Alusfondidelt | 13| -151| 88| -604|
+--------------------------------------------------------+----+-----+----+-----+
|Tulud kokku | 176| 38| 686| 102|
+--------------------------------------------------------+----+-----+----+-----+
| | | | | |
+--------------------------------------------------------+----+-----+----+-----+
|KULUD | | | | |
+--------------------------------------------------------+----+-----+----+-----+
|Tegevuskulud | | | | |
+--------------------------------------------------------+----+-----+----+-----+
| Valitsemistasud | -28| -31| -84| -85|
+--------------------------------------------------------+----+-----+----+-----+
| Fondi administreerimise kulud | -5| -11| -21| -29|
+--------------------------------------------------------+----+-----+----+-----+
| Muud tegevuskulud | -9| -12| -46| -75|
+--------------------------------------------------------+----+-----+----+-----+
|Tegevuskulud kokku | -42| -54|-151| -189|
+--------------------------------------------------------+----+-----+----+-----+
| | | | | |
+--------------------------------------------------------+----+-----+----+-----+
|Ärikasum/ -kahjum | 134| -16| 535| -87|
+--------------------------------------------------------+----+-----+----+-----+
|Aruandeperioodi puhaskasum /-kahjum | 134| -16| 535| -87|
+--------------------------------------------------------+----+-----+----+-----+
| | | | | |
+--------------------------------------------------------+----+-----+----+-----+
|Tava- ja lahustatud kasum / -kahjum osaku kohta | | | | |
|(eurodes) |0,05|-0,01|0,22|-0,04|
+--------------------------------------------------------+----+-----+----+-----+
Finantsseisundi aruanne
+----------+----------+
|30.09.2024|31.12.2023|
+--------------------------------------------------------+----------+----------+
|EUR tuhandetes | | |
+--------------------------------------------------------+----------+----------+
|VARAD | | |
+--------------------------------------------------------+----------+----------+
|Käibevarad | | |
+--------------------------------------------------------+----------+----------+
|Raha ja raha ekvivalendid | 709| 5 731|
+--------------------------------------------------------+----------+----------+
|Lühiajalised hoiused | 1 563| 1 795|
+--------------------------------------------------------+----------+----------+
|Antud laenud | 3 519| 0|
+--------------------------------------------------------+----------+----------+
|Muud nõuded ja viitlaekumised | 970| 711|
+--------------------------------------------------------+----------+----------+
|Käibevarad kokku | 6 761| 8 237|
+--------------------------------------------------------+----------+----------+
| | | |
+--------------------------------------------------------+----------+----------+
|Põhivarad | | |
+--------------------------------------------------------+----------+----------+
|Finantsvarad õiglases väärtuses muutusega läbi kasumi | | |
|aruande | 17 635| 12 354|
+--------------------------------------------------------+----------+----------+
| Investeeringud tütarettevõtjatesse | 940| 1 054|
+--------------------------------------------------------+----------+----------+
| Alusfondidesse | 16 695| 11 300|
+--------------------------------------------------------+----------+----------+
|Antud laenud | 2 149| 5 668|
+--------------------------------------------------------+----------+----------+
|Põhivarad kokku | 19 784| 18 022|
+--------------------------------------------------------+----------+----------+
|VARAD KOKKU | 26 545| 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 | 26 532| 26 256|
+--------------------------------------------------------+----------+----------+
|Kohustused ja osakuomanikele kuuluv fondi vara | | |
|puhasväärtus kokku | 26 545| 26 259|
+--------------------------------------------------------+----------+----------+
EfTEN United Property Fund 2024. aasta III kvartali ja 9 kuu 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 3rd quarter and 9 months of 2024
Teade
EfTEN United Property Fund (hereinafter the Fund) earned 134 thousand euros in
net profit in the third quarter of 2024 (2023 third quarter: 16 thousand euros
in net loss). The fund's revenues increased from 38 thousand euros to 176
thousand euros during the year. During the 9 months of 2024 the Fund earned 535
thousand euros in net profit (2023 9 months: 87 thousand euros net loss).
The Fund's assets amounted to 26,545 thousand euros as of 30.09.2024
(31.12.2023: 26,259 thousand euros), of which long-term investments make up
74.5% as of the end of September 2024 (31.12.2023: 68.6%).
With the support of declining Euro interest rates, the outlook for the European
and Baltic real estate markets is improving. The shares value of real estate
companies listed on stock exchanges in many European countries (including the
Nordic countries) began to increase at the end of last year. This has been
followed by a decrease in the risk premiums of bonds listed by these companies,
and the transaction activity in the real estate market is showing the first
signs of recovery.
The central objective of the EfTEN United Property Fund has been the active
deployment of uninvested capital in the recovering economic conditions. In
August, the fund made its largest historical investment - investing 4.78 million
euros into the EfTEN Real Estate Fund 5. This investment enabled the acquisition
of the newly completed UNA shopping center in Vilnius, with Kesko Senukai and
Rimi as anchor tenants. Following the transaction, more than 90% of the assets
of the EfTEN United Property Fund have been invested.
Construction works at the Uus-Järveküla residential area, financed by the Fund,
continued on the second phase (16 semi-detached houses and 14 terraced houses)
and were started in June on the third phase (18 terraced houses). As of the end
of the third quarter, only 2 terraced houses from the second phase, which will
be completed at the beginning of next year, remain unreserved. Out of the
planned 165 terraced and semi-detached houses in the residential area, 133 have
been completed or are under construction, and 102 have been purchased or
reserved by clients.
In the last quarter of the year, EfTEN United Property Fund will make its second
distribution of the year from the income received from the EfTEN Real Estate
Fund 5. The uninvested capital of the Fund is planned to be allocated in the
coming months to a cash-flow-generating commercial real estate project and, to a
smaller extent, to various real estate development projects in need of capital
through the EfTEN Special Opportunities Fund.
Statement of the comprehensive income
+----------+----------+
| 3rd | |
| quarter | 9 months |
+----+-----+----+-----+
|2024|2023 |2024|2023 |
+--------------------------------------------------------+----+-----+----+-----+
|EUR thousand | | | | |
+--------------------------------------------------------+----+-----+----+-----+
|INCOME | | | | |
+--------------------------------------------------------+----+-----+----+-----+
|Interest income | 137| 143| 447| 384|
+--------------------------------------------------------+----+-----+----+-----+
|Dividend income | 0| 0| 260| 352|
+--------------------------------------------------------+----+-----+----+-----+
|Other financial income | 0| 0| 5| 0|
+--------------------------------------------------------+----+-----+----+-----+
|Net profit / loss from assets recognised in fair value | | | | |
|through profit or loss | 39| -105| -26| -634|
+--------------------------------------------------------+----+-----+----+-----+
| Investments in subsidiaries | 26| 46|-114| -30|
+--------------------------------------------------------+----+-----+----+-----+
| Investments in funds | 13| -151| 88| -604|
+--------------------------------------------------------+----+-----+----+-----+
|Total income | 176| 38| 686| 102|
+--------------------------------------------------------+----+-----+----+-----+
| | | | | |
+--------------------------------------------------------+----+-----+----+-----+
|COSTS | | | | |
+--------------------------------------------------------+----+-----+----+-----+
|Operating expenses | | | | |
+--------------------------------------------------------+----+-----+----+-----+
| Management fee | -28| -31| -84| -85|
+--------------------------------------------------------+----+-----+----+-----+
| Costs of administering the Fund | -5| -11| -21| -29|
+--------------------------------------------------------+----+-----+----+-----+
| Other operating expenses | -9| -12| -46| -75|
+--------------------------------------------------------+----+-----+----+-----+
|Total operating expenses | -42| -54|-151| -189|
+--------------------------------------------------------+----+-----+----+-----+
| | | | | |
+--------------------------------------------------------+----+-----+----+-----+
|Profit / loss for the period | 134| -16| 535| -87|
+--------------------------------------------------------+----+-----+----+-----+
|Total profit / loss for the period | 134| -16| 535| -87|
+--------------------------------------------------------+----+-----+----+-----+
| | | | | |
+--------------------------------------------------------+----+-----+----+-----+
|Ordinary and diluted earnings / loss per share (EUR) |0,05|-0,01|0,22|-0,04|
+--------------------------------------------------------+----+-----+----+-----+
Statement of financial position
+----------+----------+
|30.09.2024|31.12.2023|
+--------------------------------------------------------+----------+----------+
|EUR thousand | | |
+--------------------------------------------------------+----------+----------+
|ASSETS | | |
+--------------------------------------------------------+----------+----------+
|Current assets | | |
+--------------------------------------------------------+----------+----------+
|Cash and cash equivalents | 709| 5 731|
+--------------------------------------------------------+----------+----------+
|Short-term deposits | 1 563| 1 795|
+--------------------------------------------------------+----------+----------+
|Loans granted | 3 519| 0|
+--------------------------------------------------------+----------+----------+
|Other receivables and accrued income | 970| 711|
+--------------------------------------------------------+----------+----------+
|Total current assets | 6 761| 8 237|
+--------------------------------------------------------+----------+----------+
| | | |
+--------------------------------------------------------+----------+----------+
|Non-current assets | | |
+--------------------------------------------------------+----------+----------+
|Financial assets at fair value through profit or loss | 17 635| 12 354|
+--------------------------------------------------------+----------+----------+
| Investments in subsidiaries | 940| 1 054|
+--------------------------------------------------------+----------+----------+
| Real estate funds | 16 695| 11 300|
+--------------------------------------------------------+----------+----------+
|Loans granted | 2 149| 5 668|
+--------------------------------------------------------+----------+----------+
|Total non-current assets | 19 784| 18 022|
+--------------------------------------------------------+----------+----------+
|TOTAL ASSETS | 26 545| 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| 26 532| 26 256|
+--------------------------------------------------------+----------+----------+
|Total liabilities and net asset value of the fund | | |
|attributable to shareholders | 26 545| 26 259|
+--------------------------------------------------------+----------+----------+
The unaudited 3(rd) quarter and 9 months 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])