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]

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]

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]

Core Insights - The net asset value (NAV) of EfTEN United Property Fund units increased by 1.3% month-on-month, reaching 11.17 euros at the end of June [1] - The fund reported a net profit of 358 thousand euros in June and a total net profit of 1.679 million euros for the first half of 2025, compared to 401 thousand euros during the same period last year [1] Group 1: Profit Sources - The largest profit in June was generated from the investment in Invego Uus-Järveküla OÜ, amounting to 384 thousand euros [2] - The transfer of 14 terraced houses in the third stage of development contributed a profit of 479 thousand euros [2] - The development company's bank loan balance was reduced to zero by the end of June due to the repayment obligation associated with property rights agreements [2] Group 2: Asset Valuation - A regular valuation of the EfTEN United Property Fund assets was conducted at the end of June, revealing a decrease in the value of the former Danske bank office building and Menulio 7 office building [3] - The value of properties under EfTEN Kinnisvarafond II AS increased, balancing the overall valuation impact [3] - The Kristiine shopping center's value remained unchanged, with its financial results exceeding planned EBITDA by 5% for the first half of the year [3]

Group 1 - The net asset value (NAV) of EfTEN United Property Fund units was 11.53 euros at the end of April, reflecting a monthly increase of 1.6% [1] - The fund reported a net profit of 449 thousand euros in April and a total net profit of 1.15 million euros for the first four months of 2025, compared to 331 thousand euros during the same period last year [1] - If the investment in EfTEN Real Estate Fund AS shares were recorded at its NAV, the NAV would be 11.58 euros, indicating a 1.4% monthly increase [1] Group 2 - The fund's largest profit in April came from its investment in Invego Uus-Järveküla OÜ, amounting to 274 thousand euros, with the company earning a total profit of 342 thousand euros from the transfer of terraced houses [2] - The next stage of the development, consisting of 17 terraced houses, is expected to be completed in June 2025, with 14 of the houses already booked by clients [2] Group 3 - The cash balance of EfTEN United Property Fund increased by 1.582 million euros in April, which included loan payments and interest from Invego Uus-Järveküla OÜ totaling 1.5 million euros and dividend receipts of 277 thousand euros [3] - The fund will distribute its largest income in history on May 29, amounting to 1.416 million euros, or 57 euro cents per fund unit [3]