Insights into Baltic Horizon Fund's Latest NAV Publication
The Baltic Horizon Fund has recently shared its net asset value (NAV), revealing a notable adjustment per unit at EUR 0.7050 by the end of November. This marks a slight decrease from EUR 0.7080 recorded at the end of October. The overall net asset value has also adjusted, now totaling EUR 101.2 million, compared to EUR 101.6 million in the previous month.
Financial Performance Overview
In November, the consolidated net rental income was reported at EUR 0.9 million, a decrease from EUR 1.0 million in October. Despite this decline, a significant milestone was achieved with the signing of a 5-year lease with the International School of Riga, covering approximately 3,700 square meters in S27. The revenue from this lease is expected to positively impact the Fund's net operating income starting in the fourth quarter of 2025.
Consolidated Assets and Cash Flow Analysis
As of November's end, the Baltic Horizon Fund maintained consolidated cash and cash equivalents amounting to EUR 5.2 million. This reflects a decrease from EUR 7.3 million in October. The Fund's total consolidated assets stood at EUR 254.0 million, down slightly from EUR 255.6 million the prior month. Additionally, the Fund made strides in managing its liabilities by prepaying bank loans totaling EUR 1.5 million and investing approximately EUR 0.7 million towards tenant fit-outs.
Contact Information and Further Engagement
For inquiries or additional details, individuals can reach out to Tarmo Karotam, the Baltic Horizon Fund manager, via email at tarmo.karotam@nh-cap.com. The Fund is recognized as a contractual public closed-end real estate fund managed by Northern Horizon Capital AS, which holds an Alternative Investment Fund Manager license.
Future Plans and Strategic Outlook
Looking ahead, the Baltic Horizon Fund aims to refine its operational strategies and maximize portfolio profitability amidst changing market dynamics. The recent lease agreement is expected to bolster the Fund’s future rental income and asset value as it navigates through the competitive real estate landscape.
Frequently Asked Questions
What is the current NAV of the Baltic Horizon Fund?
The net asset value per unit of the Baltic Horizon Fund is EUR 0.7050 as of the end of November.
How did the Fund's rental income perform in November?
The Fund reported a consolidated net rental income of EUR 0.9 million for November 2024.
What significant lease was signed by the Fund recently?
The Fund signed a 5-year lease with the International School of Riga for around 3,700 square meters.
How much cash did the Fund hold at the end of November?
As of the end of November, the Fund had cash and cash equivalents of EUR 5.2 million.
Who manages the Baltic Horizon Fund?
The Fund is managed by Northern Horizon Capital AS, which has an Alternative Investment Fund Manager license.
