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EfTEN Real Estate Fund reports a 9% rise in rental income to €2.57M, with improved financial metrics in Q1.
EfTEN Real Estate Fund AS reported a 9% rise in rental income to €2,566,000 in February, with EBITDA up by €106,000 to €2,149,000.
The fund's vacancy rate stabilized at 3.9%, and office space vacancy remained at 14%.
Interest expenses dropped by 16%, and cash flow for the first two months increased by 8.8% to €1,829,000.
An annual general meeting is scheduled for April 8, where shareholders will vote on profit distribution and a potential share capital increase.
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El Fondo Inmobiliario EfTEN reporta un aumento del 9% en los ingresos de alquiler a 2,57 millones de euros, con mejores métricas financieras en el primer trimestre.