EfTEN United Property Fund's NAV Rises Slightly Amid Trends
EfTEN United Property Fund's NAV Update
The net asset value (NAV) of the EfTEN United Property Fund units reached 11.34 euros by the end of September, marking a modest month-on-month increase of 0.33%. This relatively small gain in NAV was influenced by the investment in EfTEN Real Estate Fund AS. The shares of this fund closed at 0.8% lower compared to the previous month on the Tallinn stock market. If the investment had been recorded based on its book value, the NAV would have registered a higher value of 11.45 euros, reflecting an increase of 0.6% month-on-month.
Profit Performance Overview
In September, the fund reported a net profit of 93 thousand euros, contributing to a total of 2.1 million euros for the first nine months of the year. This figure represents a significant increase from last year's profit of 534 thousand euros during the same timeframe.
A notable highlight for the fund was its largest profit from investing in EfTEN Real Estate Fund 5, amounting to 89.5 thousand euros, as its NAV saw a 0.7% increase. Among the fund’s major assets is the UNA retail park on the outskirts of Vilnius, acquired in August of the prior year. This retail park has shown robust performance over the past year, delivering 2.2 million euros in rental income, which corresponds to 7.3% of the investment's acquisition price. The growth of EfTEN Real Estate Fund 5 was further bolstered by EfTEN Kristiine OÜ, which owns the Kristiine shopping center, where the equity value rose by 1.1% in a month.
Developments in Ongoing Projects
The fund also holds an 80% stake in Invego Uus-Järveküla OÜ, a development company that saw significant activity in September when clients booked four terraced houses expected to be completed by the first quarter of 2026. The EfTEN United Property Fund generated 23.6 thousand euros in interest income from this investment during the month.
In early October, the fund received income distributions totaling 293 thousand euros from both EfTEN Real Estate Fund 5 and EfTEN Special Opportunities Fund. The distribution will include the interest received in August from the Invego Uus-Järveküla OÜ project and is set to be shared with investors at the beginning of November.
Investor Relations and Communication
For a deeper understanding of the EfTEN United Property Fund's portfolio, it is encouraged to visit the fund’s website, where detailed information can be accessed:
Contact Information:
Kristjan Tamla
Managing Director
Phone: 655 9515
Email: kristjan.tamla@eften.ee
Frequently Asked Questions
What is the current NAV of the EfTEN United Property Fund?
The NAV is currently reported at 11.34 euros as of the end of September.
How did the fund perform in terms of profit in September?
The fund earned a net profit of 93 thousand euros in September alone.
What was the basis for the NAV increase this month?
The increase was influenced by the investment in EfTEN Real Estate Fund AS, despite its shares declining in value.
What are the fund's key investments?
The fund's significant investments include the UNA retail park and stakes in various real estate funds.
How does the EfTEN United Property Fund communicate with investors?
The fund regularly updates investors via the website and direct contact through the managing director.
About The Author
Contact Dominic Sanders privately here. Or send an email with ATTN: Dominic Sanders as the subject to contact@investorshangout.com.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.