Key Takeaways
- • EfTEN United Property Fund's net asset value per unit rose 0.5% in September 2026 to 11.65 euros, according to the fund's monthly release.
- • The fund earned a net profit of 152 thousand euros in September and 777 thousand euros over the first nine months of 2026, versus 2,105 thousand euros in the same period of 2025.
- • All of the fund's investments were profitable in September, with the largest profit of 81,350 euros coming from EfTEN Real Estate Fund 5.
- • Occupancy at the Kristiine shopping centre in Tallinn and the UNA retail park in Vilnius stood at 100% at the end of September.
- • The fund expects income and equity distributions in October and will announce the amount and date of its second 2026 distribution afterward.
Summary
EfTEN United Property Fund reported a net profit of 152 thousand euros for September 2026, lifting its nine-month 2026 profit to 777 thousand euros. That compares with 2,105 thousand euros earned in the same period a year earlier, according to the fund's release. The net asset value of the fund unit closed September at 11.65 euros, an increase of 0.5% over the month.
All of the fund's investments produced profits in September. The largest contribution, 81,350 euros, came from its investment in EfTEN Real Estate Fund 5. The fund's results are driven mainly by its holdings in two retail centres, the Kristiine shopping centre in Tallinn and the UNA retail park in Vilnius, both of which were fully occupied at the end of the month.
In the development business, Invego Uus-Järveküla OÜ, in which the fund holds an 80% stake, signed no new sales agreements in September. Three terraced house units and two land plots remain unsold. Separately, the detailed spatial plan for the expansion of the Uus-Järveküla project (Uus-Järveküla 2 OÜ) was approved in September, covering 22 semi-detached house units. The next step is design work, with construction planned for the first half of next year.
The fund received 72 thousand euros in September from a share capital reduction at EfTEN Kinnisvarafond II AS. In October it expects income and equity distributions from EfTEN Real Estate Fund 5, EfTEN Special Opportunities Fund and EfTEN Residential Fund. The fund will announce the amount and timing of its second distribution for 2026 once those payments are confirmed. Detailed portfolio data is available on the fund's website.
All of the fund's investments produced profits in September. The largest contribution, 81,350 euros, came from its investment in EfTEN Real Estate Fund 5. The fund's results are driven mainly by its holdings in two retail centres, the Kristiine shopping centre in Tallinn and the UNA retail park in Vilnius, both of which were fully occupied at the end of the month.
In the development business, Invego Uus-Järveküla OÜ, in which the fund holds an 80% stake, signed no new sales agreements in September. Three terraced house units and two land plots remain unsold. Separately, the detailed spatial plan for the expansion of the Uus-Järveküla project (Uus-Järveküla 2 OÜ) was approved in September, covering 22 semi-detached house units. The next step is design work, with construction planned for the first half of next year.
The fund received 72 thousand euros in September from a share capital reduction at EfTEN Kinnisvarafond II AS. In October it expects income and equity distributions from EfTEN Real Estate Fund 5, EfTEN Special Opportunities Fund and EfTEN Residential Fund. The fund will announce the amount and timing of its second distribution for 2026 once those payments are confirmed. Detailed portfolio data is available on the fund's website.
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