Enlight Research updated equity research on EfTEN Real Estate Fund AS
Enlight Research updated the equity research and price target of EfTEN Real Estate Fund AS (EfTEN; EFT1T) shares and increased the target price. According to the analysis, the fair value of the share is 22.86 euros under the base scenario. This is 1,6% higher as compared to the analysis published by Enlight Research in last December and almost 20% higher compared to the last closing price of the stock on the Tallinn Stock Exchange.
Enlight Research points out the following aspects regarding EfTEN Real Estate Fund AS: (i) increasing dividend distributions; (ii) high occupancy in logistics, retail and elderly care segments; (iii) first signs of decreasing vacancy in office segment; (iv) conservatively priced real estate portfolio.
The analysis can be found on the website of and the website of .
Kristjan Tamla
EfTEN Capital AS
Managing Director
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