Skip to main content

Baltic Horizon Fund publishes its NAV for April 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 April 2023 amounted to EUR 1.1181 per unit. Compared to the previous month, NAV per unit increased by 0.2%. The total net asset value of the Fund rose to EUR 133.8 million over the month. The EPRA NRV as of 30 April 2023 was EUR 1.1695 per unit, corresponding to an increase of 0.2% over the last month.

Unaudited consolidated net rental income for April 2023 amounted to EUR 1.3 million, corresponding to a decrease of 0.1 million over the previous month (EUR 1.4 million in March 2023). The Fund recognized an unaudited consolidated net profit of EUR 0.3 million in April 2023.

At the end of April 2023, the Fund’s consolidated cash and cash equivalents amounted to EUR 6.9 million (31 December 2022: EUR 5.3 million). The Fund has invested an additional EUR 0.1 million into the Meraki tenant fit-out works. Operational costs are fully covered by cash flows generated by rental activities.

As of 30 April 2023, the total consolidated assets of the Fund were EUR 324.7 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.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.