Enlight Research updated equity research on EfTEN Real Estate Fund AS

Core Viewpoint - Enlight Research has updated the equity research and price target for EfTEN Real Estate Fund AS, increasing the target price to a fair value of 22.86 euros, which is 1.6% higher than the previous analysis and nearly 20% higher than the last closing price on the Tallinn Stock Exchange [1]. Group 1: Financial Performance - The fair value of EfTEN Real Estate Fund AS shares is set at 22.86 euros under the base scenario [1]. - The new target price reflects a 1.6% increase compared to the analysis published in December [1]. - The target price is almost 20% higher than the last closing price of the stock [1]. Group 2: Operational Highlights - EfTEN Real Estate Fund AS is experiencing increasing dividend distributions [2]. - The fund has high occupancy rates in logistics, retail, and elderly care segments [2]. - There are early signs of decreasing vacancy rates in the office segment [2]. - The real estate portfolio is conservatively priced [2].