Skip to main content

Baltic Horizon Fund publishes its NAV for March 2023

Written by Customer Service on . Posted in Public Companies.

The net asset value (NAV) of the Baltic Horizon Fund (the Fund) unit at the end of March 2023 amounted to EUR 1.1156 per unit. Compared to the previous month, NAV per unit increased by 0.1%. The total net asset value of the Fund amounted to EUR 133.5 million over the month. The EPRA NRV as of 31 March 2023 was EUR 1.1668 per unit, corresponding to a decrease of 1.3% over the last month.

Unaudited consolidated net rental income for March 2023 amounted to EUR 1.4 million (EUR 1.4 million in February 2023). The net rental income has increased by 3.0% compared to February 2023. 6 March 2023 was the closing date of the Domus Pro share sale transaction, therefore only six days of Domus Pro operating results impact the net rental income of the Fund in March 2023. The Fund recognized an unaudited consolidated net profit of EUR 0.5 million in March 2023.

At the end of March 2023, the Fund’s consolidated cash and cash equivalents amounted to EUR 7.5 million (31 December 2022: EUR 5.3 million). The Fund has invested an additional EUR 0.1 million into the finalization of the refurbishment project of Galerija Centrs Food hall and EUR 0.1 million into Meraki tenant fit-out works. Operational costs are fully covered by cash flows generated by rental activities.

As of 31 March 2023, the total consolidated assets of the Fund were EUR 321.3 million (31 December 2022: EUR 344.0 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.