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EfTEN Real Estate Fund (EFT1T) investor relations material
EfTEN Real Estate Fund Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Portfolio vacancy rate decreased to 3.6% at the end of September, with improved occupancy trends continuing for a second quarter.
Rental income from care homes increased due to new property additions and developments.
Net rental income (NOI) and EBITDA rose by 5.1% and 6.3% respectively in Q3 2025 compared to Q3 2024.
Management plans to propose a net dividend of €1.20 per share for 2025, up 8.1% from the previous proposal.
Financial highlights
Q3 2025 consolidated sales revenue: €8.359 million, up 4.4% year-over-year; 9-month revenue: €24.427 million, up 2.1%.
Q3 2025 net profit: €5.251 million (Q3 2024: €3.854 million); 9-month net profit: €13.443 million (2024: €10.104 million).
NOI for 9 months: €22.678 million, up 2.1% year-over-year; NOI margin stable at 93%.
Interest expenses for 9 months fell by 23% to €4.963 million.
Adjusted cash flow (EBITDA minus loan repayments and interest) for 9 months: €9.53 million, up 19%.
Outlook and guidance
Management expects stable rental cash flows and plans to refinance loans in early 2026.
Proposed net dividend for 2025 is €1.20 per share, an 8.1% increase.
No obstacles are foreseen for refinancing €41.4 million in maturing loans over the next 12 months.
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