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n November, EfTEN Real Estate Fund AS reported consolidated rental income of EUR 2,602 thousand, a EUR 32 thousand increase from October. This growth is largely attributed to the first full-month rental income from the Härgmäe logistics center and reduced vacancy at the Evolution office building in Vilnius. The fund's investment portfolio vacancy rate decreased to 3.0% in November.

    The fund's consolidated EBITDA for November was EUR 2,198 thousand, a EUR 43 thousand increase from the previous month due to stable administrative expenses and lower marketing campaign costs. The weighted average interest rate on bank loans decreased by 0.11 percentage points to 5.15%.

    For the first eleven months of 2024, EfTEN Real Estate Fund AS generated total consolidated rental income of EUR 28,217 thousand, a 1.4% increase from the same period last year. The fund's net rental income (NOI) was EUR 27,227 thousand, a 0.6% increase from the previous year.

    The fund's EBITDA for the first eleven months totalled EUR 24,006 thousand, a 0.2% increase from the same period last year. Consolidated free cash flow was EUR 9,966 thousand, down EUR 494 thousand from the same period last year due to negative EURIBOR impacts.

    However, EBITDA growth and extended loan repayment schedules have partially offset this impact. The full effect of declining EURIBOR rates will be reflected in the loan portfolio by mid-2025. As of November 30th, the net asset value (NAV) per share was EUR 20.411, with an EPRA NRV of EUR 21.2391, representing a 0.7% increase from October.