| Date | 1 month | 3 months | 6 months | 1 year | 3 years | Since Inception | |
| NAV change | 31.10.2024 | 0.2% | 0.5% | 0.0% | 0.8% | 6.2% | 7.0% |
| Fund performance (incl distributions) | 31.10.2024 | 0.6% | 1.0% | 1.3% | 2.2% | 12.7% | 13.6% |
* 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: | 15.6% |
| EfTEN Kinnisvarafond II: | 3.8% |
| EfTEN Real Estate Fund 5: | 37.6% |
| EfTEN Residential Fund: | 5.7% |
| EfTEN Special Opportunities Fund: | 0.1% |
| Menulio 7 Vilnius office building: | 12.3% |
| Uus-Järveküla development: | 16.2% |
| Uninvested: | 8.6% |
| Net asset value: | 26.6 mln EUR |
| Weighted average interest rate of liabilities: | 5.6% |
| Loan-to-value (% of assets): | 42% |
In October, EfTEN United Property Fund announced an income distribution of 142 thousand euros, which was paid out to investors on November 14. As a result, the fund’s net asset value (NAV) increased by 0.2% in October to 10.70 euros. Excluding the cash distribution, EfTEN United Property Fund’s NAV would have increased by 0.6% in October.
In October, the average interest rate on the fund’s liabilities decreased by 50 basis points to 5.6%. The sharp decrease was related to the decrease in EURIBOR and the renewal of the Uus-Järveküla residential development loan agreement on more favorable terms.
In November, EfTEN United Property Fund announced a planned investment in the EfTEN Real Estate Fund 5. This will make the fund an investor in one of Tallinn’s largest shopping centers – Kristiine Keskus. The center’s share will be approximately 10% of the fund’s assets. Upon completion of the investment, the EfTEN United Property Fund has almost fully invested the raised equity.
