Baltic Horizon Fund publishes its NAV for November 2025

Core Insights - The net asset value (NAV) per unit of the Baltic Horizon Fund decreased to EUR 0.5446 at the end of November 2025, down from EUR 0.6783 as of 31 October 2025, indicating a decline in the Fund's value [1] - The total net asset value of the Fund at month-end was EUR 78.2 million, a decrease from EUR 97.4 million as of 31 October 2025 [1] - The fair value of the Baltic Horizon Fund portfolio decreased to EUR 208.7 million as of 30 November 2025, down from EUR 224.5 million as of 31 December 2024, primarily due to changes in discount rates, exit yields, and projected investments [2] Financial Performance - The Fund generated consolidated net rental income of EUR 1.0 million in November 2025, consistent with the income reported in October 2025 [3] - As of the end of November 2025, the Fund's consolidated cash and cash equivalents amounted to EUR 5.7 million, a slight decrease from EUR 6.0 million as of 31 October 2025, with EUR 4.3 million restricted for use under credit agreements [3] - The total consolidated assets of the Fund were EUR 217.2 million at the end of November 2025, down from EUR 238.0 million as of 31 October 2025 [3] Valuation Insights - The decrease in portfolio value was attributed to changes in discount rates, exit yields, foreseeable occupancies, and projected investments into tenant fit-outs [2] - The summary of property valuations will be published on the Fund's webpage, with more detailed information to be provided in the quarterly report [2]