Overview of EfTEN Real Estate Fund AS Performance
In October, EfTEN Real Estate Fund AS reported a consolidated rental income of €2,702 thousand, maintaining the same level as the prior month. Despite an increase in marketing expenses at the Saules Miestas shopping centre, the Fund's consolidated net rental income (NOI) was €2,574 thousand, showing only a slight decrease of €32 thousand.
Year-to-Date Financial Insights
For the first ten months of the year, the Fund achieved a total consolidated rental income of €26.38 million, reflecting a growth of 3% compared to the same timeframe last year. The consolidated EBITDA for this period reached €22.18 million, marking an increase of 1.7% year-on-year, indicating steady operational performance.
Cost Management and Cash Flow Enhancements
The Fund’s adjusted cash flow, calculated by subtracting loan principal repayments and interest expenses from EBITDA, totalled €10.7 million during the ten-month period, showcasing a robust increase of 20% from the prior year. This positive momentum was fueled by higher cash flows derived from newly acquired properties and a reduction in interest expenses linked to the decline in EURIBOR rates.
Dividend Insights and Upcoming Plans
Based on the results of the past ten months, the Fund has generated a potential gross dividend of €0.7483 per share, representing a notable increase of 13.4% compared to the same period last year. The Fund Manager is focused on refinancing bank loans for properties that demonstrate robust operational cash flow relative to debt service obligations. Their goal is to increase dividend distributions to as high as €1.20 per share, net, which signals a commitment to returning value to shareholders.
Net Asset Value and Future Outlook
As of the end of October, the Fund’s net asset value (NAV) per share stood at €20.5842, reflecting a 0.7% increase over the month. Additionally, the EPRA NRV amounted to €21.48 per share, also rising by 0.7% in October, highlighting the underlying strength and growth potential of the Fund.
Contact Information
For more details and inquiries, please reach out to:
Marilin Hein
CFO
Phone: +372 6559 515
E-mail: marilin.hein@eften.ee
Frequently Asked Questions
What is the consolidated rental income for October 2025?
The consolidated rental income for EfTEN Real Estate Fund AS in October 2025 was €2,702 thousand, remaining consistent with September.
How did the Fund's EBITDA perform in the first ten months?
The Fund's consolidated EBITDA for the first ten months of 2025 was €22.18 million, showing a 1.7% increase year-on-year.
What is the adjusted cash flow for the Fund?
The adjusted cash flow for the Fund during the ten-month period was €10.7 million, which represents a 20% increase compared to the previous year.
What is the potential gross dividend for the Fund per share?
The potential gross dividend generated by the Fund is €0.7483 per share, which is a 13.4% increase from the same period last year.
What is the current net asset value per share?
The net asset value (NAV) per share for the Fund at the end of October was €20.5842, indicating a 0.7% increase during the month.
