Tag: terraced houses

EfTEN United Property Fund earned a net profit of 109 thousand euros in May, and 812 thousand euros over the first five months of 2026 (compared to 1 322 thousand euros in the same period last year). In May, the fund decided to make a cash distribution to investors in the amount of 1,060 thousand euros, or 42.676 euro cents per unit. As a result, the net asset value (NAV) per fund unit decreased by 3,2% and stood at 11,66 euros at the end of May. Without the distribution, the NAV of EfTEN United Property Fund would have grown by 0,4% over the month.

EfTEN United Property Fund's H1 2025 results were based on a fully invested portfolio. In addition, the property development investment in the fund's subsidiary Invego Uus-Järveküla OÜ has reached the stage where the completed terraced and semi-detached houses are being handed over to customers. Supported by the signing of real-right agreements at the Uus-Järveküla development, the fund's half-year profit increased more than fourfold compared to the same period of the previous year, and the fund made the historically largest cash distribution to investors, amounting to approximately 7% of the fund's market price.

A webinar on the presentation of the results (in Estonian only) will take place on 31 July at 13:00 (EEST), more information.

The net asset value (NAV) of EfTEN United Property Fund units was 11,17 euros at the end of June, increasing by 1,3% per month. The fund earned a net profit of 358 thousand euros in June and a net profit of 1.679 million euros during the first half of 2025 (last year at the same time 401 thousand euros).