Baltic Horizon Fund Reports August NAV Highlights
Baltic Horizon Fund's NAV Overview for August
The net asset value (NAV) per unit of Baltic Horizon Fund reached EUR 0.8011 at the close of August, a slight decrease from the EUR 0.8028 reported at the end of July. The total net asset value for the Fund was approximately EUR 95.8 million, compared to EUR 96.0 million the previous month. Additionally, the EPRA NRV as of August was EUR 0.8496 per unit, hinting at the Fund's ongoing value stability.
Consistent Rental Income Performance
Throughout August, Baltic Horizon Fund maintained its consolidated net rental income at EUR 1.0 million, mirroring the performance of July. This consistent income stream is crucial for the Fund’s operational stability, demonstrating resilience in its investment strategy amidst market fluctuations.
New Lease Agreement with EXPO Group
An exciting development during August was the signing of a new lease with EXPO Group. The partnership is set to bring an interactive entertainment center, covering approximately 2,000 square meters, to Galerija Centrs starting this autumn. Such initiatives not only diversify the Fund's portfolio but also enhance its income-generating capabilities moving forward.
Financial Health Indicators
As of the end of August, the Fund reported consolidated cash and cash equivalents amounting to EUR 3.9 million, a decrease from EUR 4.8 million noted at the end of July. Furthermore, total consolidated assets stood at EUR 249.8 million as of August, reflecting a minimal decline from EUR 250.1 million reported in the preceding month. The careful management of resources showcases the Fund's proactive approach to maintaining liquidity and asset management.
Details About Baltic Horizon Fund
Baltic Horizon Fund is a registered contractual public closed-end real estate fund managed by Northern Horizon Capital AS, a licensed Alternative Investment Fund Manager. Both the Fund and its Management Company operate under the supervision of the Estonian Financial Supervision Authority, reinforcing their commitment to regulatory compliance and investor protection.
Staying Informed
Baltic Horizon Fund emphasizes the importance of transparent communication. Interested parties are encouraged to stay updated with latest news and announcements regarding the Fund’s operations and projects through its official website. Regular updates ensure that investors and stakeholders are well-informed about the Fund’s progress and strategic initiatives.
Frequently Asked Questions
What is the NAV of Baltic Horizon Fund as of August?
The NAV per unit for Baltic Horizon Fund as of August was EUR 0.8011.
How much net rental income did Baltic Horizon Fund report?
In August, the net rental income remained steady at EUR 1.0 million.
What new developments occurred in August for the Fund?
The Fund signed a lease with EXPO Group for a new entertainment center at Galerija Centrs.
What was the Fund's consolidated cash position at the end of August?
The consolidated cash and cash equivalents at the end of August amounted to EUR 3.9 million.
Who manages the Baltic Horizon Fund?
Baltic Horizon Fund is managed by Northern Horizon Capital AS, supervised by Estonia’s Financial Supervision Authority.
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