Understanding Baltic Horizon Fund's NAV Performance
The Baltic Horizon Fund recently announced a decrease in its net asset value (NAV) per unit to EUR 0.5446 as of the end of November. This shows a decline from EUR 0.6783 as recorded on October 31. The overall net asset value of the Fund fell to EUR 78.2 million, down from EUR 97.4 million in the previous month.
Key Details of Portfolio Valuations
As part of its ongoing financial assessments, the Fund underwent a series of independent property valuations. As of the end of November, the total fair value of the Baltic Horizon Fund portfolio stood at EUR 208.7 million, a reduction from EUR 224.5 million noted at the end of the previous year, excluding a sold property. This reduction can be primarily attributed to changes in discount rates, exit yields, future occupancy considerations, and upgrades planned for tenants.
Rental Income and Financial Health
The Fund's consolidated net rental income for November was reported at EUR 1.0 million, consistent with the earnings from the previous month. Additionally, the Fund had consolidated cash and cash equivalents totaling EUR 5.7 million, a slight decrease from EUR 6.0 million at the end of October. Notably, a portion of this cash, specifically EUR 4.3 million, is earmarked for specific uses as per credit agreements.
Consolidated Assets Overview
The total consolidated assets of the Baltic Horizon Fund were recorded at EUR 217.2 million as of November 30, down from EUR 238.0 million on October 31. These insights reflect the Fund's ongoing evaluations and strategic adjustments in response to market dynamics.
Contact Information
If you have any inquiries, feel free to reach out to Tarmo Karotam, the Fund manager, at tarmo.karotam@baltichorizon.com. For further insights about the Baltic Horizon Fund and its operations, visit www.baltichorizon.com.
The Baltic Horizon Fund operates as a registered public closed-end real estate fund, managed by Baltic Horizon Capital AS, which holds an Alternative Investment Fund Manager license.
Frequently Asked Questions
What is the current NAV of Baltic Horizon Fund?
The NAV per unit of Baltic Horizon Fund is EUR 0.5446 as of the end of November.
How has the portfolio value changed?
The fair value of the portfolio decreased to EUR 208.7 million, down from EUR 224.5 million compared to the previous period.
What was the rental income for November?
The Fund generated a net rental income of EUR 1.0 million in November, unchanged from October.
How much cash does the Fund currently have?
The Fund's consolidated cash and cash equivalents stood at EUR 5.7 million at the end of November.
Where can I find more information about Baltic Horizon Fund?
More information is available on the Fund's official website at www.baltichorizon.com.
