Enlight Research updated equity research on EfTEN Real Estate Fund AS
Enlight Research updated equity research on EfTEN Real Estate Fund AS
Enlight Research updated the equity research and price target of EfTEN Real
Estate Fund AS (EfTEN; EFT1T) shares and increased the target price. According
to the analysis, the fair value of the share is 22.86 euros under the base
scenario. This is 1,6% higher as compared to the analysis published by Enlight
Research in last December and almost 20% higher compared to the last closing
price of the stock on the Tallinn Stock Exchange.
Enlight Research points out the following aspects regarding EfTEN Real Estate
Fund AS: (i) increasing dividend distributions; (ii) high occupancy in
logistics, retail and elderly care segments; (iii) first signs of decreasing
vacancy in office segment; (iv) conservatively priced real estate portfolio.
The analysis can be found on the website of EfTEN Real Estate Fund AS
(https://eref.ee/en/investorile/analuutiku-raportid/) and the website of Enlight
Research (https://research.enlightresearch.net/EnlightIndex.action?).
Kristjan Tamla
EfTEN Capital AS
Managing Director
Tel: +372 655 9515
E-post: [email protected] (mailto:[email protected])