Core Insights - EfTEN United Property Fund reported a significant increase in half-year profit, more than quadrupling compared to the same period last year, driven by successful property development and cash distribution to investors [1][2]. Financial Performance - In Q2 2025, the fund achieved a net profit of EUR 976 thousand, up from EUR 307 thousand in Q2 2024, with total income rising from EUR 355 thousand to EUR 1,022 thousand year-on-year [2][6]. - The fund's total income for the first half of 2025 was EUR 1,790 thousand, compared to EUR 510 thousand in the same period of 2024 [6]. - The fund's operating expenses remained stable, with a slight decrease from EUR 48 thousand in Q2 2024 to EUR 46 thousand in Q2 2025 [6]. Asset Management - As of June 30, 2025, the fund's total assets were valued at EUR 27,745 thousand, a slight decrease from EUR 27,890 thousand at the end of 2024 [8]. - The net asset value attributable to shareholders increased to EUR 27,742 thousand from EUR 27,478 thousand at the end of 2024 [8]. Property Development - The Uus-Järveküla residential district's development is progressing, with 82% of the total volume (165 houses) sold or reserved, and the last stage of construction (32 terraced houses) is set to complete in Q1 2026 [2][4]. - The fund's subsidiary, Invego Uus-Järveküla OÜ, has successfully handed over completed houses to customers [1]. Interest Costs - The fund benefited from a decrease in interest costs, with the weighted average loan interest rate dropping to 4.0%, down 140 basis points from the end of 2024 [3]. Future Plans - The fund plans to make additional cash distributions in the second half of 2025, supported by interest income from the Kristiine shopping centre investment and potential distributions from Invego Uus-Järveküla OÜ [4][5].