Baltic Horizon Fund Reports Increased NAV for July
The Baltic Horizon Fund has recently announced an increase in its net asset value (NAV) per unit, rising to EUR 0.6772 at the close of July. This marks an upward movement from EUR 0.6766 reported at the end of June.
Total Net Asset Value Growth
As of the end of July, the total net asset value of the Fund reached EUR 97.2 million, narrowly surpassing the previous month's figure of EUR 97.1 million. This incremental growth underscores the Fund's ongoing strength within the market.
Understanding EPRA NRV
The European Public Real Estate Association (EPRA) NRV on July 31 was EUR 0.7222 per unit. This indicator provides insights into the Fund's net asset value, reflecting the strength of its portfolio
Consistent Net Rental Income
The Fund's consolidated net rental income held steady in July, amounting to EUR 1.0 million, consistent with the earnings reported in June. This stability in rental income can indicate solid tenant engagements and effective property management strategies.
Cash and Cash Equivalents Rise
By the end of July, the Fund’s consolidated cash and cash equivalents saw an increase, amounting to EUR 7.5 million, up from EUR 7.1 million in June. This growth in cash reserves is attributed to the successful launch of the Apollo Plaza first-floor area, which has generated additional inflows.
Assets and Future Prospects
The Fund's total consolidated assets reached EUR 239.3 million at the month’s end, indicating a rise from EUR 238.8 million in June. These figures present a healthy asset base, suggesting potential for expansion and further investment in promising ventures.
Management and Contact Information
The Baltic Horizon Fund is managed by Northern Horizon Capital AS, a reputable manager with an Alternative Investment Fund Manager license. For any inquiries, you can reach Tarmo Karotam through email at tarmo.karotam@nh-cap.com or visit the Fund's website at www.baltichorizon.com.
Register for Updates
Stay informed about future announcements from the Baltic Horizon Fund regarding its projects and plans by registering on its official website. Additionally, follow the Fund's social media pages on platforms like Facebook, LinkedIn, YouTube, and X to stay updated with the latest news.
Frequently Asked Questions
What is the current NAV of the Baltic Horizon Fund?
The current NAV per unit of the Baltic Horizon Fund is EUR 0.6772.
How did the Fund's net rental income perform in July?
In July, the consolidated net rental income remained steady at EUR 1.0 million, consistent with June's results.
What factors contributed to the increase in cash reserves?
The increase in cash reserves was primarily due to the opening of Apollo Plaza's first-floor area and effective debt recovery strategies.
Who manages the Baltic Horizon Fund?
The Baltic Horizon Fund is managed by Northern Horizon Capital AS, which holds an Alternative Investment Fund Manager license.
How can I stay informed about the Baltic Horizon Fund?
You can register on the Fund's official website and follow them on various social media platforms for updates and announcements.
