EfTEN Real Estate Fund Sees Growth in NAV and Income Insights
Overview of EfTEN Real Estate Fund AS Performance
In September, EfTEN Real Estate Fund AS maintained its consolidated rental income at €2,701 thousand, showing stability compared to August. The Fund's consolidated net operating income (NOI) recorded a slight decline to €2,606 thousand, which represents a decrease of €16 thousand from the prior month. This small drop was attributed to increased VAT-related expenses in the Fund's Lithuanian branch.
Performance Highlights for the First Nine Months
Throughout the initial three quarters of 2025, EfTEN Real Estate Fund AS achieved consolidated rental income of €23.68 million, marking an increase of 2.7% from the same timeframe last year. The consolidated EBITDA for this period rose to €19.89 million, which reflects an annual growth of 1.2%. Such growth showcases the Fund's resilience and effective management strategies in today’s market.
Cash Flow and Dividend Potential
In terms of adjusted cash flow, the Fund reported €9.53 million for the first nine months, a significant 19% growth year-on-year. This growth was largely fueled by higher cash flow from new acquisitions and ongoing developments, in addition to a reduction in interest expenses influenced by the declining EURIBOR rates. By September’s end, the Fund’s average interest rate stood steady at 3.95%, mirroring August’s figures.
Future Dividend Capacities
Based on the performance over the first nine months, the Fund is poised to distribute a potential gross dividend of €0.6666 per share — a promising 12.6% rise compared to the previous year. Plans are underway for the Fund Manager to refinance bank loans for properties where cash flows significantly surpass loan payments. This approach aims to enhance the Fund's dividend-paying abilities further.
Net Asset Value Insights
As of the end of September, the net asset value (NAV) per share for EfTEN Real Estate Fund AS reached €20.4379, reflecting a 0.7% increase over the month. Notably, the EPRA NRV per share also saw an uplift, amounting to €21.3280, an increase of 0.8% when compared to August. This growth illustrates the Fund's solid asset management and strategic investment decisions.
Contact Information for Further Inquiries
For any questions or detailed insights about EfTEN Real Estate Fund AS, you can reach out to:
Marilin Hein
CFO
Phone: +372 6559 515
Email: marilin.hein@eften.ee
Frequently Asked Questions
What was EfTEN Real Estate Fund's rental income in September 2025?
The Fund earned consolidated rental income of €2,701 thousand in September 2025.
How much did the consolidated EBITDA change?
The consolidated EBITDA increased to €19.89 million, reflecting a 1.2% rise year-on-year.
What is the NAV per share as of September?
The net asset value (NAV) per share was €20.4379 at the end of September 2025.
What are the dividend plans for the Fund?
The Fund anticipates a gross dividend of €0.6666 per share, which is a 12.6% increase from the previous year.
Who can I contact for more information?
You can contact Marilin Hein, the CFO, via phone at +372 6559 515 or email at marilin.hein@eften.ee.
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