EfTEN Real Estate Fund AS’s net asset value as of April 30, 2025

EfTEN Real Estate Fund AS earned strong financial results in April. Consolidated rental income reached 2,611 thousand euros, increasing by 55 thousand euros compared to March. The increase in rental income was primarily driven by the first rental payments from the newly completed ICONFIT logistics centre in Tallinn and the Hiiu elderly care home acquired in March, which is now undergoing renovation. The overall vacancy rate of the fund’s real estate portfolio decreased from 4.4% in March to 4.1% in April, mainly due to the improved occupancy in the L3 and Evolution office buildings in Vilnius and the Jurkalne and Piepilsetas logistics properties in Riga.