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ecember 02, 2024 01:46 ET | Source: EfTEN Real Estate Fund AS

    Enlight Research has updated its analysis of EfTEN Real Estate Fund AS (EfTEN; EFT1T) shares. According to the revised assessment, the fair value of a share is approximately 22.51 euros under a base scenario. This valuation remains unchanged from Enlight Research's previous analysis in September but is 3.51 euros higher than the stock's last closing price on the Tallinn Stock Exchange and its public offering price.

    Key factors contributing to EfTEN Real Estate Fund AS's positive outlook include: favorable market conditions for expanding its property portfolio, low competition in the commercial real estate sector, decreasing interest expenses that boost profitability and free cash flow, a consistently low vacancy rate, and an attractive dividend yield exceeding 5% at current prices. The full analysis is available on EfTEN Real Estate Fund AS's website and Enlight Research's website.

    Kristjan Tamla

    Managing Director, EfTEN Capital AS

    Tel: +372 655 9515

    E-post: [email protected]