Financial Performance - EfTEN United Property Fund reported a net profit of 223 thousand euros in January, down from 408 thousand euros in the same period last year, primarily due to the investment in EfTEN Real Estate Fund AS shares, which saw a share price increase of 2.9% in January 2026 compared to 6.1% in January 2025 [1] - The net asset value (NAV) of the fund unit was 12.85 euros at the end of January, reflecting a monthly increase of 0.8% [1] Investment Developments - In Invego Uus-Järveküla OÜ, where the fund holds an 80% stake, clients reserved part of a terraced house in January, with handover to clients beginning in February. As of the end of January, 10 parts of the terraced house under construction remained unreserved [2] - The fund earned 19 thousand euros in interest income from this investment in January [2] Major Investment Insights - The largest investment of the fund, EfTEN Real Estate Fund 5, which is 36.5% owned by EfTEN United Property Fund, reported a profit of 239 thousand euros in January, up from 204 thousand euros in the same period last year. The net asset value of this fund increased by 0.6% per month [3] - The performance of EfTEN Real Estate Fund 5 was notably supported by EfTEN Kristiine OÜ, which owns the Kristiine shopping center, with its equity value increasing by 1.1% in January [3]

Financial Performance - In 2025, EfTEN United Property Fund achieved its highest net profit to date, amounting to 3.57 million euros, which is a 2.2 times increase compared to 2024's profit of 1.62 million euros, representing approximately 14% of the Fund's invested capital and around 17% of its market capitalization [1] - The Fund's revenues rose from 1.82 million euros in 2024 to 3.78 million euros in 2025, indicating significant growth [1] - The Fund distributed over 9% of its market capitalization to investors in 2025 [1] Portfolio Highlights - The improved profitability of the Uus-Järveküla residential development and the acquisition of Kristiine Shopping Centre contributed significantly to the Fund's financial performance [2] - By the end of 2025, all completed semi-detached and terraced houses in the Uus-Järveküla area had been sold, with the final stage of development, consisting of 32 terraced houses, planned for completion in spring 2026, of which 20 have already been booked [2] Kristiine Shopping Centre Performance - Visitor numbers to Kristiine Shopping Centre increased by 0.4% in 2025, reaching 6 million, while tenant sales grew by 5.4% year-on-year [3] - The net rental income exceeded budgeted forecasts by 4%, and the centre had no vacant rental premises at the end of December [3] Revaluation Impact - The Fund's financial performance in December was positively influenced by the regular revaluation of its real estate portfolio, resulting in a fourth-quarter profit of 1.46 million euros, largely due to the increase in the value of its subsidiary, Invego Uus-Järveküla OÜ [4] Cash Flow and Distributions - All investments in rental real estate generated positive cash flow in 2025, with expected distributions of approximately 800,000 euros from the 2025 investment results of the underlying funds, nearly double the amount from spring 2025 [5] - Additional distributions from the Uus-Järveküla development are anticipated, amounting to approximately 100,000 euros, to be distributed to investors during 2026 [5] Comprehensive Income Statement - For the 12 months of 2025, total income reached 3.78 million euros, up from 1.82 million euros in 2024, with a net profit of 3.57 million euros compared to 1.62 million euros in the previous year [6] - The ordinary and diluted profit per unit increased to 1.44 euros in 2025 from 0.65 euros in 2024 [6] Asset Overview - As of December 31, 2025, total assets amounted to 29.21 million euros, an increase from 27.89 million euros in 2024 [7] - The net asset value of the Fund attributable to unitholders was 29.21 million euros, up from 27.48 million euros in the previous year [7]

Financial Performance - EfTEN United Property Fund achieved a net profit of 3.57 million euros in 2025, a 2.2 times increase compared to 1.62 million euros in 2024, representing 14% of the fund's invested capital and approximately 17% of its market capitalization [1] - The fund's income rose from 1.82 million euros in 2024 to 3.78 million euros in 2025, with distributions to investors exceeding 9% of the market capitalization [1] Key Developments - The improved profitability was primarily driven by the Uus-Järveküla residential development and the investment in the Kristiine shopping centre, with all completed semi-detached and terraced houses sold by the end of 2025 [2] - The Kristiine shopping centre saw a 0.4% increase in visitors to 6 million and a 5.4% increase in tenant turnover, with net rental income exceeding the projected budget by 4% and an occupancy rate of 100% [2] Monthly Performance - In December, the fund's monthly profit surpassed 1 million euros for the first time, reaching 1.12 million euros, largely due to the valuation of the Uus-Järveküla development [3] - The net asset value (NAV) of the EfTEN United Property Fund unit was 11.76 euros at the end of December, reflecting a 4.0% monthly increase [3] Future Outlook - EfTEN United Property Fund plans to publish its unaudited 2025 results on February 2 and will inform investors about planned distributions for 2026 [4]

Financial Performance - EfTEN United Property Fund reported a net profit of 236 thousand euros in November and 2.45 million euros for the first 11 months of 2025, compared to 808 thousand euros in the same period last year [1] - The net asset value (NAV) of the fund unit was 11.31 euros at the end of November, reflecting a monthly increase of 0.8% [1] - If the investment in EfTEN Real Estate Fund AS shares were recorded at its NAV, the NAV of EfTEN United Property Fund would be 11.44 euros, indicating a 0.9% monthly increase [1] Development Projects - Invego Uus-Järveküla OÜ, in which the fund holds an 80% ownership, saw clients book six terraced houses for completion in early 2026 and purchase three already completed terraced houses [2] - The development company earned a profit of 137 thousand euros in November, while EfTEN United Property Fund earned 24 thousand euros in interest income from this investment [2] - As of early December, eight unsold terraced houses were released for public sale, with a total of 12 out of 165 units remaining unsold or unbooked [2] Distributions and Investments - In December, Invego Uus-Järveküla OÜ distributed 500 thousand euros to the fund, which included approximately 100 thousand euros in accrued owner loan interest and the remainder as principal repayment [3] - The fund plans to distribute the received interest to investors in spring 2026, along with funds from the sale of the last stage of development [3] - In total, Invego Uus-Järveküla OÜ has distributed 3.2 million euros to the fund this year, with EfTEN United Property Fund having invested 3.52 million euros in the Uus-Järveküla residential development during 2021 and 2022 [3]

Core Points - EfTEN Capital AS is set to disclose the financial results of EfTEN United Property Fund in 2026, with specific dates outlined for various reports [1] Schedule of Financial Results - The unaudited results for Q4 2025 and the full year 2025 will be released on February 2, 2026 [1] - The audited results for 2024 are scheduled for March 4, 2026 [1] - The interim results for Q1 2026 will be disclosed on May 7, 2026 [1] - The interim results for Q2 2026 are planned for August 6, 2026 [1] - The interim results for Q3 2026 will be announced on November 5, 2026 [1]

Financial Performance - EfTEN United Property Fund reported a net profit of 110 thousand euros in October and 2.214 million euros for the first ten months of 2025, compared to 724 thousand euros in the same period last year [1] - The fund distributed 420 thousand euros to investors in October, equating to 16.9 euro cents per unit, resulting in a 1.1% decrease in the net asset value (NAV) to 11.22 euros at the end of October [1] - Excluding the distribution, the NAV would have increased by 0.4% [1] Investment Activity - In October, clients booked six terraced houses in Invego Uus-Järveküla OÜ, where the fund holds an 80% ownership, marking one of the highest monthly new reservations in the company's history [2] - There are 18 terraced houses in the Uus-Järveküla residential area that have not yet been booked, either completed or set to be completed in early 2026 [2] - The fund earned 24 thousand euros in interest income from its investments in October [2] Major Investments - The largest investment, EfTEN Real Estate Fund 5, generated a profit of 220 thousand euros, with EfTEN United Property Fund owning 36.5% of it [3] - The loan agreement for the fund's second largest investment, the former Danske Bank head office in Vilnius, is set to expire at the beginning of December, with an offer to extend the agreement under a longer payment schedule [3] - Currently, 83% of the building is leased, and a new lease was signed for the full vacant area, with rent payments commencing in March next year [3]

Financial Performance - In Q3 2025, EfTEN United Property Fund reported a net profit of 426 thousand euros, a significant increase from 134 thousand euros in Q3 2024 [1] - The fund's total income rose to 468 thousand euros from 176 thousand euros year-on-year, while expenses remained stable [1][5] - For the first nine months of 2025, the total income reached 2,258 thousand euros compared to 686 thousand euros in the same period of 2024 [5] Investment and Development Activities - The fund's investments in commercial real estate performed as expected, maintaining a stable vacancy rate in larger premises [2] - The development project in Uus-Järveküla is nearing completion, with 32 terraced house units in the final phase, and 25 units yet to be booked by clients [3] - In 2025, the development company returned a total of 2.73 million euros to the fund, including 128 thousand euros in owner loan interest and 1.092 million euros in principal [3] Distribution to Investors - Following the balance sheet date, the fund announced a distribution of 420 thousand euros to investors, which, combined with the spring distribution, totals over 9% of the fund's market capitalization for 2025 [4] Financial Position - As of September 30, 2025, the fund's total assets amounted to 28,167 thousand euros, an increase from 27,478 thousand euros at the end of 2024 [6][7] - The fund's net asset value attributable to shareholders was reported at 28,167 thousand euros, reflecting a solid financial standing [7]

Core Points - EfTEN Capital AS announced a cash distribution of 16,900 euro cents per unit, totaling 419,772 euros, which represents approximately 2% of the fund's latest closing price [1] - In 2025, the EfTEN United Property Fund has distributed over 9% of its market cap, with total distributions amounting to 1.4 euros per unit since its listing in May 2022 [2] - The distribution is derived from income generated by the EfTEN Real Estate Fund 5, EfTEN Special Opportunities Fund, and owner loan interests from Invego Uus-Järveküla OÜ [3] Distribution Details - The record date for unitholders eligible for the distribution is set for October 31, 2025, with the ex-date being October 30, 2025 [4] - The cash distribution will be executed on November 14, 2025, and will be transferred to unitholders' bank accounts, subject to taxation [5]

Core Insights - The net asset value (NAV) of EfTEN United Property Fund units was 11.34 euros at the end of September, reflecting a month-on-month increase of 0.33% [1] - The fund's net profit for September was 93 thousand euros, with a total net profit of 2.1 million euros for the first nine months of 2025, compared to 534 thousand euros in the same period last year [2] - The largest profit in September came from the investment in EfTEN Real Estate Fund 5, amounting to 89.5 thousand euros, with its NAV increasing by 0.7% [3] Investment Performance - The EfTEN United Property Fund's investment in EfTEN Real Estate Fund AS shares was impacted by a 0.8% decline in share prices on the Tallinn stock market [1] - If the investment in EfTEN Real Estate Fund AS were recorded at book value, the NAV would have been 11.45 euros, indicating a 0.6% month-on-month increase [1] - The UNA retail park, the fund's largest investment, generated 2.2 million euros in rental income over the past 12 months, representing 7.3% of the acquisition price [3] Development Projects - Invego Uus-Järveküla OÜ, where the EfTEN United Property Fund holds an 80% stake, saw four terraced houses booked for completion by Q1 2026, contributing 23.6 thousand euros in interest income in September [4] - The fund received income distributions totaling 293 thousand euros from EfTEN Real Estate Fund 5 and EfTEN Special Opportunities Fund in early October [5]

Group 1 - The net asset value (NAV) of EfTEN United Property Fund units was 11.30 euros at the end of August, reflecting a month-on-month increase of 0.6% [1] - The fund reported a net profit of 166 thousand euros in August and a total net profit of 2.01 million euros for the first eight months of 2025, compared to 470 thousand euros in the same period last year [1] Group 2 - The renovation of a residential rental apartment building in Riga was completed in August, adding 102 renovated apartments to the fund's portfolio, with approximately 30% already booked before completion [2] - The fund's portfolio also includes four residential rental buildings with over 450 apartments located in Tallinn, Vilnius, and Kaunas [2] Group 3 - In the development company Invego Uus-Järveküla OÜ, in which the fund holds an 80% stake, no new real rights contracts were concluded in August, but two terraced houses were booked for completion in early 2026 [3] - The fund earned 28 thousand euros in interest income from this investment in August and received a shareholder loan distribution of 1.2 million euros from Invego Uus-Järveküla OÜ [3] Group 4 - The fund plans to announce the amount and date of the next distribution to investors in October, which will include interest from the EfTEN Real Estate Fund 5 and EfTEN Special Opportunities Fund, as well as 126 thousand euros in interest from Invego Uus-Järveküla OÜ [4]