Arcona Property Fund is financed by a combination of equity and third-party debt.
| Equity | EUR 46.40 million |
| Bankfinancing | EUR 30.89 million |
| Three short term loans | EUR 1.50 million |
| Loan investment fund | EUR 2.09 million |
Equity
The equity comprises 3,758,683 shares with a total nominal value of EUR 46.40 million. The equity reflects an intrinsic value per share of EUR 12.76 as at 31 December 2021.
Bank financing
Arcona Property Fund has debt arrangements with four regional banks, in Austria, Czech Republic, Slovakia and Bulgaria.
The outline terms of these financing arrangements (after refinancing) are as follows:
Austria (Polish portfolio)
| Bank | HYPO NOE Landesbank |
| Amount | EUR 14.0 million |
| Ter | 31 March 2026 |
|
Interest rate |
6-month EURIBOR + 2.95% |
Czech Republic
| Bank | Sberbank CZ, a.s. |
| Amount | EUR 8.4 million |
| Term | 31 March 2024 |
|
Interest |
3-month PRIBOR + 1.80% |
Slovakia
| Bank | Slovenska Sporitelna, a.s. |
| Amount | EUR 9.4 million |
| Term | 30 September 2024 |
|
Interest |
3-month EURIBOR + 2.45% |
Bulgaria
| Bank | Alpha Bank |
| Amount | EUR 2.3 million |
| Term | 30 June 2021 |
|
Interest |
3-month EURIBOR + 4.75% |
Loan investment fund
Situation as of March 31, 2022. For refinancing the purchase loan of three leasehold shopping centres in Poland, Arcona Property Fund agreed a loan from the seller of the properties.
| Amount | EUR 2.09 million |
| Interest | EURIBOR + 8.5% |
| Term | 29 March 2024 |
Loan
Situation as of March 31, 2022. Arcona Property Fund attracted one short term loan with a maturity date of January 15, 2024.
| Amount | EUR 250.000 |
| (Average) Coupon | 9.5% |
| Term | 15 January 2024 |
Downloads
|
Structure Arcona Property Fund N.V. 1 April 2021 |
Download PDF |
Intrinsic value
20 February 2024
€ 10,97 (voorlopig)- 5,2%
Click here for the current stock price
