EfTEN United Property Fund to distribute €1.416bn to investors

EfTEN United Property Fund has decided to make a cash distribution of 1.416 billion euros to its shareholders. This is the fund's first cash distribution in 2025, and it represents 7% of the fund's latest closing price. The distribution is based on receipts from the fund's four underlying funds and a development investment. Shareholders who were registered in the fund's registrar's system as of May 20, 2025, are eligible to receive the distribution. The distribution will be made on May 29, 2025, via a transfer to shareholders' bank accounts.

EfTEN United Property Fund (EFCUPFFT), a real estate investment fund listed on the Nasdaq Tallinn stock market, has announced a significant cash distribution to its shareholders. The fund, managed by EfTEN Capital AS, will distribute €1.416 billion to its unitholders. This is the first distribution of the year for the fund and represents 7% of its latest closing price [1].

The distribution, which is scheduled for May 29, 2025, is based on receipts from the fund's four underlying funds—EfTEN Real Estate Fund AS, EfTEN Kinnisvarafond II AS, EfTEN Residential Fund, and EfTEN Real Estate Fund 5—and the Invego Uus-Järveküla OÜ development project [1]. Shareholders who were registered in the fund's registrar's system as of May 20, 2025, are eligible to receive the distribution [1].

The fund's latest financial results for the first quarter of 2025 indicate strong performance. The fund earned €703,000 in net profit, a significant increase from the €94,000 reported in the same period last year [2]. The growth in income and profit was primarily driven by the strong financial results of Kristiine Shopping Centre and the accelerated sales pace and improved profitability of new development phases in the Uus-Järveküla residential area [2].

In the second quarter of 2025, the fund plans to make its first distribution of the year, which will be the largest in the fund's history. The distribution is based on dividends received from EfTEN Real Estate Fund AS and EfTEN Kinnisvarafond II AS, income from the EfTEN Real Estate Fund 5 and EfTEN Residential Fund, as well as accrued interests from the shareholder loan granted to Invego Uus-Järveküla OÜ [2].

References:
[1] EfTEN Capital AS. (2025). EfTEN-United Property Fund distributes €1.416 million euros to investors. Retrieved from https://www.globenewswire.com/news-release/2025/05/12/3078769/0/en/EfTEN-United-Property-Fund-distributes-1-416-million-euros-to-investors.html
[2] Reuters. (2025). EfTEN United Property Fund unaudited financial results for the 1st quarter of 2025. Retrieved from https://www.tradingview.com/news/reuters.com,2025-05-06:newsml_GNEbkB2dD:0-reg-eften-united-property-fund-unaudited-financial-results-for-1st-quarter-of-2025/