The net value of EfTEN shares increased in August

ETFEN reported a 9.9% increase in shareholder value for August, according to a BNS report published on September 9, 2022. The ETF Real Estate Fund III’s Net Asset Value (NAV) stood at 20.1625 euros as of August 31st, representing a 0.8% monthly increase. The fund’s EPRA NAV, excluding deferred tax liabilities and the fair value of derivative instruments, was 21.45 euros at the end of August, also experiencing a 0.8% monthly rise.

During August, the fund generated consolidated rental income exceeding 1.1 million euros, a 10,000 euro increase compared to the previous month, primarily driven by increased rental income from Saules Miestas. The fund’s EBITDA surpassed 1 million euros for the first time, marking a 33,000 euro increase over July. Over the first eight months of the year, the fund accumulated nearly 8.9 million euros in rental income, a 14% increase compared to the same period last year.

This growth included rental income from real estate investments held within the fund’s balance sheet. Rental income growth for the eight-month period was 8% compared to the previous year. The fund achieved a free cash flow of 4.1 million euros for the year, a 30.4% increase compared to the previous year.

The estimated potential gross dividend per share was 64.68 euros, up from 49.59 euros in the prior year. The fund’s net income for the year reached 4.1 million euros, representing a 30.4% increase compared to the previous year. The estimated potential net income per share was 64.68 euros, up from 49.59 euros in the prior year.

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