Baltic Horizon Fund Reports Increased NAV and Financial Growth
Baltic Horizon Fund's Positive Financial Update
The Baltic Horizon Fund has seen a slight but encouraging increase in its net asset value (NAV) per unit, reaching EUR 0.6834 at the close of January. This marks a minor rise from EUR 0.6833 recorded at the end of December. The total NAV for the month stands at EUR 98.1 million, unchanged from the previous month. Additionally, the EPRA Net Rental Value (NRV) was reported at EUR 0.7266 per unit as of the end of January.
Increased Rental Income Reflects Fund's Stability
Total consolidated net rental income for the Fund climbed to EUR 1.0 million during January, up from EUR 0.9 million in December. This signifies a strong performance driven by enhanced property management and strategic tenant placements, which ultimately benefit the Fund's investors.
Cash Position and Investment Activities
As of January, the Fund's consolidated cash and cash equivalents decreased to EUR 8.8 million, down from EUR 10.1 million at the end of December. This decrease primarily resulted from investments in tenant fit-outs, totaling approximately EUR 0.9 million. Such investment is indicative of the Fund's commitment to maintaining high-quality tenant experiences and property upgrades.
Overview of the Fund’s Assets
The total consolidated assets held by the Baltic Horizon Fund were reported at EUR 255.4 million as of the end of January, which reflects a slight decrease from EUR 256.0 million noted in December. This stability in asset value highlights the Fund's resilience in the fluctuating market.
Management and Contact Information
The Baltic Horizon Fund is managed by Northern Horizon Capital AS, a registered alternative investment fund manager. For any inquiries or additional information, you can reach:
Tarmo Karotam
Baltic Horizon Fund Manager
Email: tarmo.karotam@nh-cap.com
www.baltichorizon.com
The Baltic Horizon Fund is a registered contractual public closed-end real estate fund. It is under the management of Northern Horizon Capital AS, an alternative investment fund manager.
Frequently Asked Questions
What is the current NAV of the Baltic Horizon Fund?
The current NAV per unit for the Baltic Horizon Fund is EUR 0.6834 as of January.
How has the Fund's rental income changed recently?
The Fund's consolidated net rental income has increased to EUR 1.0 million, up from EUR 0.9 million last month.
What is the total amount of the Fund's cash equivalents?
The total consolidated cash and cash equivalents of the Fund are EUR 8.8 million as of the end of January.
What were the total consolidated assets held by the Fund?
The total consolidated assets of the Fund stand at EUR 255.4 million.
Who manages the Baltic Horizon Fund?
The Fund is managed by Northern Horizon Capital AS, an alternative investment fund manager.
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