EFT1T EfTEN Real Estate Fund III AS

Enlight Research updated equity research on EfTEN Real Estate Fund AS

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

Tel:

E-post:



EN
12/08/2025

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Reports on EfTEN Real Estate Fund III AS

 PRESS RELEASE

EfTEN Real Estate Fund AS Unaudited Results for the Third Quarter and ...

EfTEN Real Estate Fund AS Unaudited Results for the Third Quarter and Nine Months of 2025 The Fund manager's comment In a prolonged period of low economic activity, financial results of the EfTEN Real Estate Fund AS have gradually improved. This is due to the fund's strong focus on maintaining low vacancy rates, new successful investments in the elderly care and logistics segments, as well as reduced interest costs. As a result, the fund's free cash flow has increased, which, together with the planned refinancing of bank loans, is expected to allow the fund's management to propose a recor...

 PRESS RELEASE

EfTEN Real Estate Fund AS 2025. aasta III kvartali ja 9 kuu auditeerim...

EfTEN Real Estate Fund AS 2025. aasta III kvartali ja 9 kuu auditeerimata majandustulemused Fondijuhi kommentaar Pikalt kestnud madala majandusaktiivsuse tingimustes on EfTEN Real Estate Fund AS suutnud oma majandustulemusi järk-järgult parandada. Selle taga on nii suure tähelepanu pööramine hoonete madala vakantsuse säilitamisele, täiendavad edukad investeeringud hooldekodude ja logistika segmenti, kui ka alanenud intressikulud. Kõige selle tulemusena on kasvanud fondi vaba rahavoog, mis koos pangalaenude planeeritava refinantseerimisega võimaldab fondi juhtkonnal eelduslikult teha aktsi...

 PRESS RELEASE

Net Asset Value of EfTEN Real Estate Fund AS as of 30 September 2025

Net Asset Value of EfTEN Real Estate Fund AS as of 30 September 2025 EfTEN Real Estate Fund AS earned consolidated rental income of €2,701 thousand in September 2025, remaining at the same level as in August. The Fund’s consolidated net operating income (NOI) amounted to €2,606 thousand, decreasing by €16 thousand compared to August. The decrease in NOI was mainly due to higher VAT-related proportionate expenses in the Fund’s Lithuanian subsidiary. During the first nine months of 2025, the Fund earned €23.68 million in consolidated rental income, increasing by 2.7% compared to the same per...

 PRESS RELEASE

EfTEN Real Estate Fund AS’i aktsia puhasväärtus seisuga 30.09.2025

EfTEN Real Estate Fund AS’i aktsia puhasväärtus seisuga 30.09.2025 EfTEN Real Estate Fund AS teenis 2025. aasta septembris konsolideeritud üüritulu 2 701 tuhat eurot, jäädes augustiga samale tasemele. Fondi konsolideeritud puhasüüritulu (NOI) oli septembris 2 606 tuhat eurot, vähenedes võrreldes augustiga 16 tuhande euro võrra. NOI vähenes peamiselt seoses Leedu tütarettevõtte kõrgema käibemaksu proportsioonikuluga. 2025. aasta üheksa kuu jooksul teenis fond konsolideeritud üüritulu kokku 23,68 miljonit eurot, mis on 2,7% rohkem kui eelmise aasta samal perioodil. Konsolideeritud EBITDA oli...

 PRESS RELEASE

Net Asset Value of EfTEN Real Estate Fund AS as of 31 August 2025

Net Asset Value of EfTEN Real Estate Fund AS as of 31 August 2025 EfTEN Real Estate Fund AS earned consolidated rental income of EUR 2,704 thousand in August 2025, which is EUR 15 thousand more than in July. The increase in rental income was primarily due to the commencement of rental income of the new wing of the Ermi care home. The fund’s consolidated net rental income (NOI) in August amounted to EUR 2,622 thousand, up by EUR 18 thousand compared to July. During the first eight months of 2025, the fund earned total consolidated rental income of EUR 20.97 million, which is 2.3% more than ...

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