EfTEN Real Estate Fund Reports Solid Growth and NAV Results

Author: Dylan Bailey Updated: 08-11-2025 01:15 AM

EfTEN Real Estate Fund AS Reports Financial Highlights

In July, EfTEN Real Estate Fund AS experienced a substantial increase in its consolidated rental income, totaling EUR 2,689 thousand. This represents an uptick of EUR 39 thousand compared to the previous month. This growth can be attributed largely to the end of a rent discount period for a logistics tenant and improved turnover rents at the Mustika and Saules Miestas shopping centers. However, the Fund observed a minor decline in other sales income, which decreased by EUR 33 thousand from June, owing primarily to lower earnings from service mediation.

Performance Overview of the Fund

The consolidated net operating income (NOI) for July stood at EUR 2,604 thousand, reflecting a decrease of EUR 10 thousand from the figure recorded in June. This minor reduction was offset by lower general expenses, particularly in costs linked to property valuations during the previous month. Notably, the Fund’s consolidated EBITDA held steady at EUR 2,310 thousand, consistent with the preceding month.

Annual Growth in Rental Income

Throughout the first seven months of the year, the Fund achieved a consolidated rental income of EUR 18.27 million, marking a 2.0% increase compared to the same period the previous year. The EBITDA for this timeframe also remained stable at EUR 15.21 million year-on-year, demonstrating the Fund's resilience in maintaining its performance metrics.

Cash Flow Improvement

The adjusted cash flow for the seven-month period registered at EUR 7.10 million, showcasing a remarkable 15% improvement compared to the previous year's figures. This enhancement in cash flow can be credited to additional revenue generated from new acquisitions and ongoing developments, coupled with lower interest expenses stemming from decreased EURIBOR rates.

Dividend Expectations for Investors

Based on the results compiled over the initial seven months, the Fund anticipates a potential gross dividend of 49.62 cents per share for its investors, reflecting an 8.7% increase from the same period last year. The Fund Manager is set to carry out more detailed analyses regarding the refinancing of loans and the anticipated dividend for 2025 as autumn approaches.

Net Asset Value as of July

As of the end of July, the Fund’s net asset value (NAV) per share was reported at EUR 20.13, with EPRA NRV sitting at EUR 21.0097. Notably, both metrics showcased a 0.8% increase since the previous month, indicating a positive trajectory in the Fund’s valuation.

Contact Information

For inquiries, you may reach out to Marilin Hein, the CFO of EfTEN Real Estate Fund AS, via phone at +372 6559 515 or through email at marilin.hein@eften.ee.

Frequently Asked Questions

What is the recent rental income of EfTEN Real Estate Fund AS?

In July, the Fund reported rental income of EUR 2,689 thousand, an increase from the previous month.

How has the Fund's EBITDA performed recently?

The consolidated EBITDA for July remained constant at EUR 2,310 thousand.

What increase did the Fund experience in cash flow?

The adjusted cash flow rose by 15% to EUR 7.10 million compared to the same period last year.

What is the expected dividend for investors in 2025?

The Fund anticipates a gross dividend of 49.62 cents per share, an increase of 8.7% from last year.

What is the current NAV per share?

The NAV per share as of July is EUR 20.13, reflecting a 0.8% increase over the month.

About The Author

My name is Dylan Bailey, and I am 28 years old. I am an author and an expert on the stock market who specializes in publicly traded companies. Early fascination with the stock market inspired me to seek a finance degree and then delve deeply into the world of stocks. I have developed over the years my abilities to spot investment prospects, assess business performance, and analyze market trends.

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