realestate

EfTEN Real Estate Fund AS NAV as of 31 Aug 2025

EfTEN Real Estate Fund AS earned €2,704k in Aug 2025, €15k more than July, thanks to new Ermi wing rentals.

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aid press release – for inquiries contact the distributor directly.

    EfTEN Real Estate Fund AS reported consolidated rental income of €2,704 k in August 2025, up €15 k from July. The rise stems mainly from the new wing of the Ermi care home beginning to generate rent. Net operating income (NOI) for August was €2,622 k, €18 k higher than July.

    Cumulative rental income for the first eight months of 2025 reached €20.97 m, a 2.3 % increase over the same period last year. EBITDA for the period was €17.55 m, unchanged year‑on‑year. Adjusted cash flow (EBITDA minus principal repayments and interest) rose 17 % to €8.36 m, driven by cash from new acquisitions, developments and lower EURIBOR‑related interest costs.

    Based on these results, the fund estimates a gross dividend of €0.5849 per share for 2025, up 10.8 % YoY. The manager will refine loan‑refinancing details and finalize the 2025 dividend outlook in November.

    As of August end, NAV per share was €20.2868 and EPRA NRV €21.1682, both up 0.8 % month‑on‑month.

    Marilin Hein, CFO

    Phone: +372 6559 515

    E‑mail: [email protected]

    Attachment: EREF_reports_monthly_08.2025

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EfTEN Real Estate Fund NAV graph, 31 Aug 2025.