EfTEN Real Estate Fund AS Generates Consistent Rental Income
EfTEN Real Estate Fund AS displayed a steady performance with a consolidated rental income of EUR 2,703 thousand in November, consistent with October’s results. The Fund's consolidated net rental income (NOI) saw a slight dip, clocking in at EUR 2,568 thousand, a decrease of just EUR 6 thousand compared to the previous month.
Year-to-Date Performance Highlights
Throughout the eleven months of 2025, the Fund achieved a total of EUR 29.08 million in consolidated rental income, marking a 3.1% growth from the same timeframe last year. Furthermore, the consolidated EBITDA for this period reached EUR 24.45 million, an encouraging 1.9% year-on-year increase. This demonstrates the Fund's ability to maintain its revenue streams effectively.
Cash Flow and Investment Growth
Adjusted cash flow, calculated by subtracting loan principal repayments and interest expenses from EBITDA, amounted to EUR 11.9 million for the eleven-month period, reflecting a remarkable 19.9% increase compared to the previous year. This growth can largely be attributed to the cash flow generated from newly acquired investment properties and the favorable decrease in EURIBOR rates. By the end of November, the Fund's weighted average interest rate on loans was a competitive 3.99%, enhancing overall profitability.
Dividend Outlook and Share Performance
Based on the consolidated results accrued over eleven months, the Fund is positioned to offer potential gross dividends of 82.91 cents per share to its investors, which is an impressive 12.5% rise compared to the same period last year. In pursuit of enhancing the Fund’s dividend distribution capability, the management team is actively involved in refinancing bank loans linked to properties that generate strong cash flows, ensuring that investors continue to receive attractive returns.
Impact of Recent Share Issues
Following a recent share issuance in November, the consolidated cash reserves increased by EUR 1.6 million, showcasing investor confidence. The new share capital was officially registered on November 27, 2025, and the new shares are expected to be listed on December 2, 2025, reflecting a proactive approach to growing the Fund’s shareholder base.
Net Asset Value Update
As of the end of November, the Fund’s net asset value (NAV) per share stood at EUR 20.7218, appreciating by 0.7% over the month. The EPRA NRV also grew to EUR 21.6145, reflecting a 0.6% increase. These metrics indicate a positive trajectory for investors, reinforcing confidence in the Fund's performance.
Contact Information
For further inquiries, interested parties can reach out to Marilin Hein, CFO, via phone at +372 6559 515 or by email at marilin.hein@eften.ee.
Frequently Asked Questions
What was the rental income for EfTEN in November 2025?
The consolidated rental income for EfTEN Real Estate Fund AS in November 2025 was EUR 2,703 thousand.
How much did the Fund earn in consolidated EBITDA?
The consolidated EBITDA for the Fund reached EUR 24.45 million over the eleven months of 2025.
What changes occurred in the Fund's net asset value?
The net asset value (NAV) per share increased to EUR 20.7218 at the end of November, up by 0.7% from the previous month.
How does the recent share issue affect the Fund?
The recent share issuance raised the Fund's cash reserves by EUR 1.6 million, demonstrating strong investor confidence.
What is the outlook for dividends?
The Fund is projected to distribute potential gross dividends of 82.91 cents per share, a 12.5% increase from the previous year.
