Estonia: Baltic Horizon Fund's NAV per unit down 0.25 pct on month in April

Published date17 May 2022
Publication titleLETA

TALLINN, May 17, BNS - The net asset value (NAV) of Baltic Horizon Fund unit at end of April 2022 amounted to 1.1086 euros per unit, down 0.25 percent from the month before, while the total net asset value of the fund decreased to 132.6 million euros over the month.

The NAV decrease was mainly affected by declared distribution of 1.6 million euros to unitholders. Eliminating declared dividend distribution, the NAV increase from operating performance during the month would have been 0.92 percent compared to the previous month. The EPRA NRV as of April 30 was 1.1859 euros per unit, corresponding to a decrease of 0.36 percent over the last month, Baltic Horizon told the stock exchange.

Unaudited consolidated net rental income for April 2022 increased to 1.5 million euros compared to last month when it totaled 1.4 million euros. Portfolio performance continues to improve on account of the recovery of net rental income from the retail segment. In April 2022, the fund received a grant of 300,000 euros from the Latvian government...

To continue reading

Request your trial

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT