| Date | 1 month | 3 months | 6 months | 1 year | 3 years | Since Inception | |
| NAV change | 31.05.2025 | -4.4% | -2.2% | 2.7% | 3.9% | 3.7% | 10.2% |
| Fund performance (incl distributions) | 31.05.2025 | 0.6% | 2.7% | 7.5% | 9.3% | 15.3% | 22.6% |
* 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: | 14.8% |
| EfTEN Kinnisvarafond II: | 3.8% |
| EfTEN Real Estate Fund 5: | 49.2% |
| EfTEN Residential Fund: | 5.4% |
| EfTEN Special Opportunities Fund: | 0.4% |
| Menulio 7 Vilnius office building: | 11.9% |
| Uus-Järveküla development: | 13.5% |
| Uninvested: | 1.1% |
| Net asset value: | 27.4 mln EUR |
| Weighted average interest rate of liabilities: | 4.3% |
| Loan-to-value (% of assets): | 46% |
EfTEN United Property Fund earned a net profit of 170 thousand euros in May and 1,32 million euros in the first five months of 2025 (compared to 357 thousand euros in the same time last year). In May, the fund made a cash distribution to investors in the amount of 1.47 million euros, or 57-euro cents per unit. As a result, the fund’s net asset value (NAV) decreased by 4,4% and was 11,02 euros per unit at the end of May. Without the distribution the NAV of EfTEN United Property Fund would have increased by 0,6% in May.
The fund’s largest investment, the EfTEN Real Estate Fund 5, of which EfTEN United Property Fund owns 36.5%, earned a profit of 257 thousand euros in May. Performance of the EfTEN Real Estate Fund 5 was primarily supported by the investment in Kristiine shopping centre, completed in December last year. As of the end of May, the centre’s vacancy rate was just 0.17%, and the equity value of EfTEN Kristiine OÜ, increased by 1,1% in a month.
In the fund’s development investment in Uus-Järveküla, one terraced house was handed over to clients (a real right agreement was concluded) in May. The development company Invego Uus-Järveküla OÜ, of which the EfTEN United Property Fund owns 80%, earned 7.7 thousand euros in profit in May. In addition, EfTEN United Property Fund earned 38.3 thousand euros in interest income from this investment. The completion of the next development stage (17 terraced houses) is planned for July, and the signing of real right agreements for most of the 16 terraced houses that have already been booked by clients started in June. Thereafter 5 finished terraced houses in the development remain unsold. The completion of the last stage of development (32 terraced houses) is expected to be completed in the first quarter of 2026.
