February 13, 2025 - 11:01
EfTEN Real Estate Fund AS reported a consolidated rental income of €2,556 thousand for January 2025. This marks a decline compared to December 2024, when the fund generated €2,861 thousand in rental income. The previous month's figures were bolstered by €238 thousand in turnover-based rent from shopping centers, recognized at the end of the year.
The decrease in January's rental income can also be attributed to a rent discount agreement established in Lithuania, which is set to last for the next six months. Under this agreement, the tenant has committed to investing €135 thousand of their own funds to enhance the rental premises.
These adjustments reflect the fund's strategic decisions aimed at maintaining tenant relationships while ensuring property improvements. The overall performance of the fund continues to be closely monitored as it adapts to changing market conditions and tenant needs.
