Skip to main content

Baltic Horizon Fund publishes its NAV for November 2022

Written by Customer Service on . Posted in Public Companies.

The net asset value (NAV) of Baltic Horizon Fund (the Fund) unit at end of November 2022 amounted to EUR 1.1408 per unit. Compared to the previous month, NAV per unit increased by +0.21%. The total net asset value of the Fund increased to EUR 136.5 million over the month. The NAV increase was mainly affected by the positive operating performance of investment properties. The EPRA NRV as of 30 November 2022 was EUR 1.2182 per unit, corresponding to an increase of +0.39% over the last month.

Unaudited consolidated net rental income for November 2022 amounted to EUR 1.4 million (EUR 1.6 million in October 2022). The change in property performance was mainly impacted by the fluctuations in utility prices. The Fund recognized an unaudited consolidated net profit of EUR 0.5 million in November 2022.

At the end of November 2022, the Fund’s consolidated cash and cash equivalents amounted to EUR 4.6 million (31 December 2021: EUR 16.1 million). The Fund has already completed most of the planned investments into redevelopment projects this year. Operational costs are fully covered by cash flows generated by rental activities.

As of 30 November 2022, the total consolidated assets of the Fund were EUR 349.3 million (31 December 2021: EUR 346.3 million).

Additional information:  

Tarmo Karotam
Baltic Horizon Fund manager
E-mail tarmo.karotam@nh-cap.com
www.baltichorizon.com

The Fund is a registered contractual public closed-end real estate fund that is managed by Alternative Investment Fund Manager license holder Northern Horizon Capital AS. Both the Fund and the Management Company are supervised by the Estonian Financial Supervision Authority.

Distribution: GlobeNewswire, Nasdaq Tallinn, Nasdaq Stockholm, www.baltichorizon.com

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Cookie Notice

We use cookies to improve your experience on our website

Information we collect about your use of Goldea Capital website

Goldea Capital website collects personal data about visitors to its website.

When someone visits our websites, we use a third party service, Google Analytics, to collect standard internet log information (such as IP address and type of browser they’re using) and details of visitor behavior patterns. We do this to allow us to keep track of the number of visitors to the various parts of the sites and understand how our website is used. We do not make any attempt to find out the identities or nature of those visiting our websites. We won’t share your information with any other organizations for marketing, market research or commercial purposes and we don’t pass on your details to other websites.

Use of cookies
Cookies are small text files that are placed on your computer or other device by websites that you visit. They are widely used to make websites work, or work more efficiently, as well as to provide information to the owners of the site.