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

8577

Esitamise kuupäev ja aeg

15.02.2021 22:30:00

Teate sisu eesti keeles

Pealkiri

Baltic Horizon Fond avaldab osaku puhasväärtuse 2021. aasta jaanuari seisuga

Teade

Baltic Horizon Fondi (Fond) osaku puhasväärtus (NAV) 2021. aasta jaanuari lõpu
seisuga on 1.1442 eurot osaku kohta. Fondi osaku puhasväärtuse muutus võrreldes
eelneva kuu lõpu seisuga on +0,41%. Fondi kogu puhasväärtus tõusis kuuga 136,9
miljoni euroni. Fondi puhasväärtust mõjutas positiivselt renditegevusest
teenitud rahavoog ja muutus rahavoogude riskimaandamisinstrumendi reservis. EPRA
NAV, EPRA NRV ja EPRA NTA kasvas 2021. aasta jaanuari lõpu seisuga 1,2270 euroni
osaku kohta, mis tähendab +0.42% kasvu viimase kuuga.

2021. aasta esimese kuu auditeerimata konsolideeritud üüritulu oli 1,3 miljonit
eurot, mis vastab üüritulu neto vähenemisele võrreldes eelmise kuuga 0,3 miljoni
euro võrra (1,6 miljonit eurot 2020. aasta detsembris). Renditulude kasv
aeglustus peamiselt üürnikele kehtestatud abimeetmete- ja madalamatele
käiberentide tõttu, mis tulenesid COVID-19-ga seotud kaubanduskeskuste
sulgemisest Baltikumis. Fond teenis jaanuaris 2021 auditeerimata konsolideeritud
puhaskasumit 0,6 miljonit eurot.

2021. aasta jaanuari lõpus moodustas Fondi konsolideeritud raha ja raha
ekvivalendid 13,1 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
jaanuaris veidi kasvasid 1,8 miljoni euroni. Fondi juhtkond jälgib aktiivselt
laekumisi üürnikelt.

31. jaanuar 2021 seisuga oli Fondi konsolideeritud varade kogumaht 356,3
miljonit eurot (31. detsember 2020: 355,6 miljonit eurot). Fond on investeerinud
täiendavad 0,5 miljonit eurot Meraki büroohoonete käimasolevatesse
ehitustöödesse 2021. aasta jaanuaris.

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 January 2021

Teade

The  net asset  value (NAV)  of Baltic  Horizon Fund  (the Fund)  unit at end of
January  2021 amounted to EUR  1.1442 per unit. Compared  to the previous month,
NAV  per unit increased by +0.41%. The total net asset value of the Fund rose to
EUR  136.9 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 January 2021 increased
to  EUR 1.2270 per  unit, corresponding  to an  increase of +0.42% over the last
month.

Consolidated  net rental income for the first  month of the year amounted to EUR
1.3 million,  corresponding to a  net rental income  decrease of EUR 0.3 million
compared to the previous month (EUR 1.6 million in December 2020). Rental income
growth  slowed down due to relief measures granted to tenants and lower turnover
rents  resulting mostly from the COVID-19 related closure of shopping centres in
the  Baltics. The Fund earned  an unaudited consolidated net  profit of EUR 0.6
million in January 2021.

At  the end of  January 2021, the Fund's  consolidated cash and cash equivalents
amounted   to  EUR  13.1 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  increased slightly during the month  and reached EUR 1.8 million at
the  end of January 2021. The Fund's  management team is actively monitoring the
collection of trade receivables from tenants.

As  of 31 January 2021, the total  consolidated assets of the  Fund stood at EUR
356.3 million  (31 December 2020: EUR  355.6 million). The Fund  has invested an
additional EUR 0.5 million into ongoing constructions of Meraki office buildings
during January 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