REG-EfTEN Real Estate Fund AS unaudited results for 3rd quarter and 9 months 2026
Key Highlights
- ➤9-month net profit €15.018 million, up 11.7% year over year
- ➤9-month EBITDA €21.4 million, up 7.5% year over year
- ➤Adjusted cash flow €11.0 million, up 15.6% year over year
- ➤Portfolio vacancy fell to 2.2%, lowest level in three years
- ➤€3.8 million share issue repaid Magistral acquisition loan
Expert Statements
Marilin Hein, CFO of EfTEN Real Estate Fund AS
“The Fund's consolidated EBITDA for 9 months was €21.4 million, 7.5% higher than a year earlier.”
Marilin Hein, CFO of EfTEN Real Estate Fund AS
“Like-for-like EBITDA increased by €788 thousand, or 4.2%.”
Marilin Hein, CFO of EfTEN Real Estate Fund AS
“Following new lease agreements, vacancy fell to 2.2% by the end of September, its lowest level in the last three years.”
Marilin Hein, CFO of EfTEN Real Estate Fund AS
“The Fund's adjusted cash flow for 9 months was €11.0 million, 15.6% higher than in the same period of the previous year, and the Fund has generated a potential gross dividend of 75.20 cents per share for investors (9 months of 2025: 66.66 cents).”
In Q3 2026, EfTEN Real Estate Fund AS focused on integrating the Magistral shopping centre, acquired in June, completing the reconstruction of Nõmme Südamekodu and maintaining the occupancy of its existing real estate portfolio. In August, the Fund carried out a directed share issue in which 197,463 new shares were issued at €19.26 per share, i.e. at the 60-day average closing price of the share preceding the decision to increase the share capital. The issue raised €3.8 million, which the Fund used to repay the €4 million fund-level loan taken out to acquire Magistral Kaubanduskeskuse OÜ.
The Fund's consolidated EBITDA for 9 months was €21.4 million, 7.5% higher than a year earlier. More than half of the increase, i.e. €786 thousand, came from the Magistral shopping centre. Like-for-like EBITDA increased by €788 thousand, or 4.2%.
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