Baltic Horizon Fund's Financial Overview
The Baltic Horizon Fund has released its net asset value (NAV) for October, showcasing a stable financial performance. At the specified month-end, the NAV per unit was recorded at EUR 0.7080, a slight decrease from EUR 0.7099 as of the end of September. Overall, the total net asset value of the Fund also saw a minor decline, standing at EUR 101.6 million, compared to EUR 101.9 million the previous month.
Consolidated Financial Insights
For October, the Fund maintained a consolidated net rental income of EUR 1.0 million, consistent with the earnings reported in September. This steady income level highlights the Fund's resilience in the current market environment, despite potential economic challenges.
Cash Management and Asset Overview
As of October's close, the consolidated cash and cash equivalents of the Fund amounted to EUR 7.3 million, a decrease from EUR 10.0 million at the end of September. This change reflects strategic financial management, including a significant prepayment of bank loans totaling EUR 1.2 million and a targeted investment of approximately EUR 0.5 million directed towards tenant fit-outs.
Asset Allocation and Future Prospects
The total consolidated assets of Baltic Horizon Fund are currently valued at EUR 255.6 million, down from EUR 256.8 million in September. These figures illustrate a commitment to optimizing the asset portfolio and adapting to market fluctuations as necessary. Looking ahead, the Fund's management is focused on enhancing tenant engagement and improving property values, thus supporting future income potential.
About Baltic Horizon Fund
Baltic Horizon Fund is a registered public closed-end real estate fund under the management of Northern Horizon Capital AS, holding a license for Alternative Investment Fund Management. Both the Fund and its management company are under the oversight of the Estonian Financial Supervision Authority, ensuring compliance and governance in management practices.
Contact Information
For inquiries or further information, please reach out to:
Tarmo Karotam
Baltic Horizon Fund manager
E-mail tarmo.karotam@nh-cap.com
Investment Strategy and Community Engagement
Baltic Horizon Fund actively engages with the community, aiming to enhance the living and working environments within its investment properties. The ongoing investments in tenant fit-outs are part of a strategy to upgrade facilities and improve customers' experiences, which is expected to lead to greater tenant satisfaction and retention.
Frequently Asked Questions
What is the current NAV of Baltic Horizon Fund for October?
The NAV per unit for Baltic Horizon Fund in October is EUR 0.7080, reflecting a slight decrease from the previous month.
How much net rental income did the Fund generate in October?
The consolidated net rental income for October 2024 remained stable at EUR 1.0 million, the same as in September.
What are the recent cash and asset figures for the Fund?
As of October, the Fund's consolidated cash and cash equivalents were EUR 7.3 million, with total consolidated assets amounting to EUR 255.6 million.
Who manages the Baltic Horizon Fund?
Baltic Horizon Fund is managed by Northern Horizon Capital AS, which holds the license for Alternative Investment Fund Management.
How can I contact the Fund manager for more information?
You can reach the Baltic Horizon Fund manager, Tarmo Karotam, via email at tarmo.karotam@nh-cap.com.
