The Eika Real Estate Fund (EREF), managed by the investment management company Eika Asset Management (EAM), has paid dividends to investors for the fifth year in a row. For the year 2025, a record amount of about 4.1 million was distributed to the shareholders of the fund. EUR – amount of dividends. This is the largest net profit paid out in the fund’s history.
This year’s dividend payout amounts to EUR 0.08 per fund unit and is about 5%. annual dividend yield. After this payment, the total amount of dividends paid to investors since the beginning of the fund’s activity reached 10.6 million. euros. Until now, in 2021-2024 period, the fund paid out about 6.5 million to investors. EUR dividends.
“The consistent payment of dividends for the fifth year in a row is one of the most important indicators reflecting the stability of the fund’s activity. This year we paid out a record amount to investors, which shows not only the fund’s strong cash flow, but also our ability to create long-term value for investors. We aim for the fund to generate not only capital gains, but also regular income for fund participants,” says Paulius Stulgaitis, fund manager of Eika Asset Management.
The value of the portfolio exceeded 155 million. euros
in 2026 At the end of the first quarter, the value of real estate managed by the fund reached 155.1 million. euros. The fund continues to plan new investments, so consistent growth of the portfolio is expected.
The fund’s net asset value (NAV) at the end of the first quarter was almost 79.5 million. euros, and the value of one investment unit of the fund rose to 1.6085 euros.
The fund’s debt-to-asset ratio (LTV) remained stable and amounted to 53 percent.
Diversified portfolio in three countries
The EREF fund remains one of the most diversified real estate funds in the region. Currently, the portfolio consists of objects from different sectors in three Central and Eastern European countries.
According to asset classes, the portfolio is divided as follows: logistics and production facilities – 43.4 percent, offices – 41.1 percent, commercial real estate – 15.5 percent.
According to geography, the value of the fund’s assets was distributed: Poland – 51.1%, Lithuania – 27.2%, Slovakia – 11.1%, Latvia – 10.6%*
“Diversification between different commercial asset classes and markets remains one of the most important factors of the fund’s stability. It allows for more effective risk management, maintaining a stable cash flow and creating value for investors regardless of economic cycles in individual markets,” notes P. Stulgaitis.
Fund return exceeds 13%
Since inception, the average annual return of the fund before performance fee is 13.30% and after performance fee is 11.82%.
According to P. Stulgaitis, stable results allow us to continue to follow a consistent dividend policy.
“The fund generates a stable cash flow, so in the future we will also aim to provide investors with a dividend yield of around 5%. We see that modern, well-located logistics, production and other commercial real estate objects are creating increasing value in the market, so we continue to actively expand the portfolio in Central and Eastern Europe both through acquisitions and the development of new projects,” says P. Stulgaitis.
EREF’s portfolio is based on high-quality logistics and office properties in strategically important locations in Central and Eastern Europe. Today, the fund manages 11 properties in three countries, and its tenants include world-class companies and leaders in their sectors. Among them are logistics parks in Warsaw, office centers in Krakow, Warsaw, Vilnius and Košice, as well as commercial objects. The tenants of the fund include international and well-known companies in the market, such as State Street Bank, DHL, Avon, Pratia, Bricomarche, Pilkington, Tamro Baltics, Møller Auto and others. Such a portfolio ensures not only diversification between different markets and asset classes, but also stable income, which allows the fund to pay dividends to investors for the fifth year in a row.
*2026 II quarter property in Latvia was sold.