Financial Performance of Baltic Horizon Fund in September 2024
The Baltic Horizon Fund has reported relevant updates on its net asset value (NAV) as of September 2024. The NAV per unit stood at EUR 0.7099 at the close of September, showing a decrease from EUR 0.8011 at the end of August. This change reflects adjustments in the market and the Fund's operational performance. Overall, the Fund's total net asset value reached EUR 101.9 million, rising from EUR 95.8 million in the previous month.
Key Metrics and Financial Adjustments
The EPRA NRV, a crucial indicator for real estate funds, was reported at EUR 0.7510 per unit as of September 30, 2024. This valuable metric assists investors in evaluating the underlying property values. During this month, the Fund also successfully completed a private placement, issuing 23,927,085 new units with a gross value of EUR 6.29 million, which indicates a solid fundraising effort.
Investment Income Stability
Consistent Rental Income
Notably, the Fund's consolidated net rental income throughout September remained steady at EUR 1.0 million, maintaining the same level recorded in August. This consistency is critical in the volatile real estate market, demonstrating the Fund's ability to secure stable income from its properties.
Cash Flow and Asset Management
As September came to a close, the Fund’s consolidated cash and cash equivalents experienced a significant increase, amounting to EUR 10.0 million compared to EUR 3.9 million on August 31, 2024. This robust cash position enhances the Fund's liquidity and financial flexibility, allowing it to seize potential investment opportunities swiftly.
Total Consolidated Assets Growth
Furthermore, the total consolidated assets of the Fund were reported at EUR 256.8 million, reflecting an increase from EUR 249.8 million at the end of last month. This growth signals sound asset management and highlights the Fund's capability to increase its asset base progressively, providing better security and potential for future returns.
Future Outlook for Baltic Horizon Fund
Looking forward, the Baltic Horizon Fund continues to focus on strategic property acquisitions and enhancements to ensure long-term growth and stability. The commitment towards transparent operations and strong governance practices remains foundational as the Fund navigates through market fluctuations.
For more information or inquiries, please reach out to Tarmo Karotam, the Baltic Horizon Fund manager, via email at tarmo.karotam@nh-cap.com.
Frequently Asked Questions
What is the current NAV of Baltic Horizon Fund?
The NAV per unit of Baltic Horizon Fund as of September 2024 is EUR 0.7099.
How much cash does the Baltic Horizon Fund have?
The Fund’s consolidated cash and cash equivalents are reported at EUR 10.0 million.
What was the Fund's total net asset value in September 2024?
The total net asset value of the Fund in September 2024 was EUR 101.9 million.
How many new units did the Fund issue in September 2024?
In September 2024, the Fund issued 23,927,085 new units as part of a private placement.
What is the EPRA NRV of the Fund?
The EPRA NRV as of September 30, 2024, stands at EUR 0.7510 per unit.
