LHV Pank updated equity research on EfTEN Real Estate Fund AS

LHV  Pank updated the equity research and price target of EfTEN Real Estate Fund
AS  (EfTEN; EFT1T) shares. According  to the analysis, the  price target for the
share  was increased from 20,0 euros to 21,0 euros and the share was raised to a
"buy" rating. The previous price target for the EfTEN Real Estate Fund AS shares
was set in May 2025.

LHV  research points out the following aspects  about the EfTEN Real Estate Fund
AS:  (i)  excluding  the  fair  value  change  of  properties, fund recorded the
historically  highest profit in Q3  2025; (ii) continuous portfolio expansion in
elderly   care  and  logistics  segments  increases  the  fund's  income;  (iii)
sustainable dividend policy supported by strong operating cash flow.

The analysis can be found on the LHV Pank Financial Portal.

Kristjan Tamla
EfTEN Capital AS
Managing Director
Tel: +372 655 9515
E-post: [email protected] (mailto:[email protected])