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The net asset value of EfTEN Real Estate Fund AS shares as of 28.02.2026
Globenewswire· 2026-03-10 08:43
Core Insights - EfTEN Real Estate Fund AS reported an increase in consolidated rental income and EBITDA in February, driven by improved performance in the office segment and reduced administrative expenses [1][2]. Financial Performance - The Fund earned €2,742 thousand in consolidated rental income in February, which is €4 thousand higher than January, primarily due to the office segment [1]. - The consolidated EBITDA for February was €2,276 thousand, reflecting a €32 thousand increase from January, mainly attributed to lower administrative and general expenses [1]. - For the first two months of 2026, the Group's rental income reached €5.48 million, a 7.0% increase year-on-year, while EBITDA was €4.5 million, up 7.8% compared to the same period last year [2]. - Adjusted cash flow for the first two months of the year was €2.36 million, which is 29% (€530 thousand) higher than the same period last year [3]. Cost Management - Interest expenses for the first two months totaled €1.04 million, which is €193 thousand (16%) lower than the same period last year [3]. - The weighted average interest rate of the Fund's subsidiaries' loans was 3.99% at the end of February, down 0.59 percentage points from the previous year [4]. Cash Position and Valuation - The Group's consolidated cash balance increased by €894 thousand in February, reaching €22.65 million at the end of the month [4]. - As of February 28, 2026, the Fund's NAV per share was €20.5978, with an EPRA NRV of €21.5619, marking a 0.7% increase in NAV per share for February [4].