Baltic Horizon Fund: August NAV Summary
At the end of August, the net asset value (NAV) per unit of Baltic Horizon Fund reached EUR 0.8011, showing a slight dip from EUR 0.8028 at the end of July. The Fund's total net asset value was about EUR 95.8 million, down from EUR 96.0 million the previous month. Additionally, the EPRA NRV for August registered at EUR 0.8496 per unit, indicating a stable value for the Fund.
Steady Rental Income Consistency
In August, Baltic Horizon Fund achieved consolidated net rental income of EUR 1.0 million, consistent with July's performance. This steady income is vital for the Fund's operational health, showcasing the resilience of its investment strategy despite market changes.
New Lease with EXPO Group
A significant highlight in August was the signing of a new lease agreement with EXPO Group. This partnership will introduce an interactive entertainment center, covering approximately 2,000 square meters, at Galerija Centrs this autumn. This move not only diversifies the Fund’s portfolio but also enhances its potential for income generation going forward.
Indicators of Financial Health
As of the end of August, the Fund's consolidated cash and cash equivalents were reported at EUR 3.9 million, a drop from EUR 4.8 million at the end of July. Total consolidated assets were valued at EUR 249.8 million by the end of August, showing a slight decline from EUR 250.1 million reported in the previous month. This reflects the Fund's careful management of resources, highlighting its proactive stance on liquidity and asset oversight.
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 the Management Company are under the regulation of the Estonian Financial Supervision Authority, emphasizing their dedication to compliance and investor safeguarding.
Keeping You Updated
Baltic Horizon Fund prioritizes transparent communication. Interested individuals are encouraged to stay informed about the latest news and updates on the Fund’s operations and projects by visiting its official website. Regular updates are crucial for ensuring that both investors and stakeholders are aware of the Fund’s progress and strategic direction.
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.
