# EfTEN Real Estate Fund AS NAV Rises 0.9% in September as Occupancy Hits Three-Year High

- URL: https://stocks.freetheai.org/news/eften-real-estate-fund-as-nav-rises-0-9-in-september-as-occupancy-hits-three-3343f8
- Published: 2026-10-12T05:00:00Z
- Category: earnings; sentiment: bullish; impact: medium
- Symbols: [OMXTSE:EFT1T](https://stocks.freetheai.org/symbols/OMXTSE-EFT1T)
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EfTEN Real Estate Fund AS (OMXTSE:EFT1T) reported that its net asset value per share increased by 0.9% in September 2026 to €20.41. Consolidated rental income for the month grew to €2.94 million from €2.92 million in August, driven by quarterly investments in elderly care homes and new lease agreements at the Betooni 6 logistics centre. The fund's portfolio vacancy dropped to 2.2%, marking its lowest level in three years, while September EBITDA climbed to €2.57 million.

The monthly performance caps a strong nine-month period during which rental income reached €25.18 million, up 6.4% year on year. Higher earnings across properties such as the Magistral and Mustika shopping centres boosted nine-month adjusted cash flow by 15.6% to €11.02 million. This growth generated a potential gross dividend of 75.20 cents per share, representing a 12.8% increase compared with the previous year. Additionally, the fund strengthened its balance sheet by paying off a €4 million loan from Swedbank using proceeds from an August share issue, reducing its overall loan-to-value ratio from 42.2% to 41.0%.

Investors will be watching how rising interest rates affect borrowing costs, as the average weighted interest rate on group debt rose from 4.17% to 4.36% in September. Market participants will also monitor whether the fund can sustain its record-low vacancy rates and maintain cash flow expansion through the remainder of the year.

## Key points

- Net asset value per share increased by 0.9% month-on-month to €20.41 at the end of September 2026.
- September rental income rose to €2.94 million, helping push portfolio vacancy down to a three-year low of 2.2%.
- The fund repaid a €4 million loan to Swedbank, lowering its loan-to-value ratio to 41.0%.
- Nine-month adjusted cash flow reached €11.02 million, supporting a potential gross dividend of 75.20 cents per share.

## Questions and answers

### What was EfTEN Real Estate Fund's NAV per share in September 2026?

The net asset value per share reached €20.41 at the end of September 2026, representing a 0.9% increase from August.

### What is the fund's current vacancy rate?

Portfolio vacancy fell to 2.2% in September 2026, which is the lowest level recorded in three years.

### How much debt did EfTEN Real Estate Fund repay in September 2026?

The fund repaid a €4 million loan to Swedbank, helping reduce its total borrowings and lowering its loan-to-value ratio to 41.0%.