| Date | 1 month | 3 months | 6 months | 1 year | 3 years | Since Inception | |
| NAV change | 29.02.2024 | 0.3% | -0.4% | 1.2% | -2.3% | - | 6.2% |
| Fund performance (incl distributions) | 29.02.2024 | 0.3% | -0.4% | 1.2% | -0.6% | - | 11.2% |
* 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: | 16.2% |
| EfTEN Kinnisvarafond II: | 3.8% |
| EfTEN Real Estate Fund 5: | 19.6% |
| EfTEN Residential Fund: | 4.8% |
| Menulio 7 Vilnius Office building: | 11.8% |
| Uus-Järveküla development: | 15.9% |
| Uninvested: | 27.9% |
| Net asset value: | 26.4 mln EUR |
| Weighted average interest rate of liabilities: | 7.2% |
| Loan-to-value (% of assets): | 34% |
The net asset value (NAV) of EfTEN United Property Fund unit was 10.62 euros at the end of February, increasing by 0.3% over the month. If the fund’s investment in the EfTEN Real Estate Fund AS share is reflected on the basis of its net value, the NAV of EfTEN United Property Fund would be 10.70 euros.
In March, the general meeting of shareholders of EfTEN Kinnisvarafond II AS approved the distribution of dividends in the amount of 3.1 million euros and the reduction of the share capital in the amount of 5 million euros. Dividends will be paid out in spring, and the payout related to share capital reduction in autumn, three months after the registration of share capital. For the EfTEN United Property Fund, this results in a cash flow yield of 5.7% on the investment, which according to the fund terms will be distributed to investors upon receipt.
In the Uus-Järveküla residential development 15 terraced houses were handed over to customers in March (real rights contracts were concluded) and the preparation of the second stage of construction work began. During the second stage 30 terraced and semi-detached houses will be built, of which 20 have been booked by customers to date.
