P
aid press release – contact distributor for inquiries.

    EfTEN Real Estate Fund AS posted September 2025 consolidated rental income of €2,701 k, unchanged from August. Net operating income fell €16 k to €2,606 k, mainly due to higher VAT‑related costs in its Lithuanian unit. Cumulative rental income for the first nine months rose 2.7 % to €23.68 m, while EBITDA climbed 1.2 % to €19.89 m. Adjusted cash flow (EBITDA minus principal and interest) reached €9.53 m, up 19 % YoY, driven by new acquisitions, development cash and lower EURIBOR‑linked interest. The weighted average interest rate stayed at 3.95 %. From the nine‑month performance, a potential gross dividend of €0.6666 per share is projected, 12.6 % above last year. The manager will refinance loans on properties where operating cash exceeds debt payments by over twofold and LTV has fallen too low, to boost dividend capacity. NAV per share was €20.4379 (↑0.7 % m/m); EPRA NRV per share €21.3280 (↑0.8 % from August).

    Contact: Marilin Hein, CFO, +372 6559 515, [email protected].

    Attachment: EREF_reports_monthly_09.2025