The web asset worth (NAV) of EfTEN Actual Property Fund III AS as of 30 November 2020 was 16.67 euros and the web asset worth of EPRA share (internet e book worth excluding deferred revenue tax legal responsibility and truthful worth of rate of interest derivatives) was 17.77 euros. Each NAV and EPRA NAV elevated by 0.9% throughout November.
In November, EfTEN Actual Property Fund III AS earned a complete of 993 thousand euros in gross sales income and 807 thousand euros in EBITDA, being on the fund’s common stage. The fund’s NOI in November 2020 was 934 thousand euros, which makes the precise yield of the funding properties 8.1%.
In the course of the 11 months of this yr, the fund has earned 9.7 million euros in gross sales income, which is 13% greater than in the identical interval final yr. The fund’s 11-month EBITDA is 7.76 million euros (15% greater than in the identical interval final yr). The fund’s gross sales income and EBITDA have elevated this yr primarily because of new actual property investments acquired in 2020 and accomplished in 2019 (Hortes Tähesaju, Kekava logistics heart, airBaltic workplace constructing and Rutkausko logistics heart). As well as, the fund’s subsidiary signed a contract below the legislation of obligations in November for the acquisition of Pirita Pansionaat, coming into to the aged care sector. The actual proper contract of the transaction is deliberate to be concluded throughout December, and in keeping with the lease settlement, the rental revenue shall be acquired from April 2021.
The LTV (Mortgage to Worth) calculated on the premise of the consolidated outcomes of EfTEN Actual Property Fund III AS is 49% and the weighted common rate of interest is 2.24%. This yr, the fund has repaid loans within the complete quantity of two,983 thousand euros on the premise of annuity fee schedules. The adjusted money circulate (EBITDA much less curiosity expense much less mortgage funds) for the 11 months of this yr, which is the premise for calculating the Fund’s dividend funds, totals 3,557 thousand euros (11% greater than in the identical interval final yr).
The amount of consolidated property of EfTEN Actual Property Fund III AS as of 30.11.2020 was 143.7 million euros (31.12.2020: 132.8 million euros) and fairness 70.4 million euros (31.12.2019: 71.17 million euros).
Telephone: 6559 515