Baltic Horizon Fund Reports Strong NAV Increase in September 2026

The Baltic Horizon Fund reported a significant increase in its net asset value (NAV) per unit to EUR 0.4323 at the end of September 2026, up from EUR 0.4077 as of 31 August 2026. This marks a 6.1% rise in the NAV, reflecting the fund's performance over the month.

The total net asset value of the Fund increased to EUR 97.9 million, a 6.0% increase from EUR 92.4 million as of 31 August 2026. The rise in the NAV is attributed to the independent real estate appraisals conducted on three Estonian properties: Postimaja, Apollo Plaza, and Pirita SC. As of 30 September 2026, the fair value of the Baltic Horizon Fund's portfolio increased to EUR 215.3 million, a 3.1% increase from EUR 208.9 million as of 31 December 2025. These valuations were carried out in connection with ongoing refinancing considerations.

Excluding the revaluation effect, the NAV per unit would have increased to EUR 0.4099 during September 2026, indicating a 6.6% rise. The Fund generated consolidated net rental income of EUR 1.2 million in September 2026, up from EUR 1.1 million in August 2026, reflecting a 9.1% increase.

At the end of September 2026, the Fund's consolidated cash and cash equivalents amounted to EUR 8.3 million, a 7.8% increase from EUR 7.7 million as of 31 August 2026. Of this, EUR 3.4 million is restricted for use specified under credit agreements. The total consolidated assets of the Fund were EUR 226.8 million, a 2.8% increase from EUR 220.8 million as of 31 August 2026.

The Baltic Horizon Fund, a registered contractual public closed-end real estate fund managed by Alternative Investment Fund Manager license holder Baltic Horizon Capital AS, continues to monitor and revalue its properties throughout the year. The summary of property valuations will be published on the Fund’s webpage, and more detailed information will be provided in the quarterly report.