| Date | 1 month | 3 months | 6 months | 1 year | 3 years | Since Inception | |
| NAV change | 30.09.2024 | 0.2% | 0.5% | 0.7% | 0.7% | 6.2% | 6.8% |
| Fund performance (incl distributions) | 30.09.2024 | 0.2% | 0.5% | 1.6% | 1.6% | 12.2% | 12.9% |
* The value of fund units may rise or fall over time. The fund’s historical performance does not guarantee or offer any indication regarding the future performance. The information contained herein does not constitute an investment recommendation or advice. Please read the fund’s key information document (KIID), prospectus as well as terms and conditions on the web www.eften.ee/united
Risk and Reward Profile
The risk and reward profile of the fund is the best estimate of the fund management company that is based on the historical performance of existing real estate funds managed by EfTEN Capital AS
| EfTEN Real Estate Fund: | 15.2% |
| EfTEN Kinnisvarafond II: | 4.0% |
| EfTEN Real Estate Fund 5: | 38.0% |
| EfTEN Residential Fund: | 5.7% |
| EfTEN Special Opportunities Fund: | 0.1% |
| Menulio 7 Vilnius office building: | 12.3% |
| Uus-Järveküla development: | 16.1% |
| Uninvested: | 8.6% |
| Net asset value: | 26.5 mln EUR |
| Weighted average interest rate of liabilities: | 6.1% |
| Loan-to-value (% of assets): | 42% |
The net asset value (NAV) of EfTEN United Property Fund unit was 10.68 euros at the end of September, increasing by 0.2% over the month. If the fund’s investment in the EfTEN Real Estate Fund AS share is reflected on the basis of the NAV, the NAV of EfTEN United Property Fund would be 10.84 euros, increasing by 0.4% over the month.
In September, the fund earned a net profit of 64 thousand euros of what a loss of 38 thousand euros was earned from the investment in the shares of EfTEN Real Estate Fund AS. In nine months of this year, the fund has earned a net profit of 534 thousand euros (-87 thousand euros at the same time last year).
In October, the fund’s subsidiary related to the Uus-Järveküla development project renewed the bank’s financing conditions for the completion of the second and third construction stages (a total of 47 semi-detached and terraced houses). According to the renewed loan agreement, the interest margin decreased by 180 basis points.
At the end of October, the fund received more than 140 thousand euros of income from the investment in the EfTEN Real Estate Fund 5. The fund will distribute it to the investors on November 14.
