Baltic Horizon Fund Increases NAV as Rental Income Grows
Baltic Horizon Fund Sees Positive Growth In NAV
The Baltic Horizon Fund has experienced a notable increase in its net asset value (NAV) per unit, rising to EUR 0.6784 by the end of the month. This uptick from EUR 0.6772 recorded at the end of the previous month signifies a steady financial performance for the Fund. The total net asset value of the Fund now stands at EUR 97.4 million, a slight rise from EUR 97.2 million as of the previous month.
Positive Rental Income and Performance
In terms of financial performance, the Fund achieved a consolidated net rental income of EUR 1.1 million in the recent month, which marks an increase from EUR 1.0 million in the prior month. A key factor contributing to this rise has been the influx of rental income derived from recently completed premises that were handed over to an anchor tenant, S27. This development showcases the Fund's effective management strategy in enhancing its income streams.
Cash and Asset Management Insights
By the close of the month, the Fund's consolidated cash and cash equivalents were reported at EUR 5.8 million, a decrease from EUR 7.5 million at the end of the previous month. This dip is attributed largely to loan repayments totaling approximately EUR 1 million along with a bond coupon payment of EUR 0.5 million. Despite this decrease in cash reserves, the total consolidated assets of the Fund remain robust at EUR 238.2 million, although they slightly declined from EUR 239.3 million the previous month.
Contact Information and Future Outlook
For those seeking additional information or insights into the Baltic Horizon Fund’s operations, Tarmo Karotam, the Fund manager, is available for inquiries. He can be contacted directly via email at tarmo.karotam@nh-cap.com. Additionally, interested parties can visit the official website at www.baltichorizon.com for further details.
As a registered public closed-end real estate fund managed by Northern Horizon Capital AS, Baltic Horizon Fund continues to position itself favorably in the real estate market. The Fund’s ongoing financial performance is a testament to its strategic decisions and market responsiveness.
Frequently Asked Questions
What is the current NAV of Baltic Horizon Fund?
The current NAV per unit of the Baltic Horizon Fund is EUR 0.6784.
How much rental income did the Fund report for August?
The Fund reported consolidated net rental income of EUR 1.1 million for August.
What are the total assets of Baltic Horizon Fund?
The total consolidated assets of the Fund amount to EUR 238.2 million.
Who can be contacted for more information about the Fund?
Tarmo Karotam, the Fund manager, can be contacted at tarmo.karotam@nh-cap.com.
Where can I find more details about Baltic Horizon Fund?
You can find more information on the official website: www.baltichorizon.com.
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