Baltic Horizon Fund sweeps two prestigious accolades at the European Public Real Estate Association (EPRA) virtual annual conference 2020. The Fund scored a “Gold Award” for the adoption of EPRA Best Practices Recommendations (BPR) – widely accepted industry standards for the highest level of transparency, comparability and compliance in financial reporting. Baltic Horizon was also awarded a “Most Improved Annual Report Award” for the outstanding improvement in reporting quality and compliance with the Association’s BPR. EPRA assessed the financial statements of 168 European listed real estate as part of its annual award process.
The awards come as a recognition of a long-term effort of the Fund’s management team to provide the highest quality financial reporting and communication to its investors and wider stakeholders. As the next step, the Fund is planning to implement the new reporting metrics recently released along with EPRA BPR guidelines.
“We are delighted to achieve an important milestone and become the first organization in the Baltics to receive EPRA BPR Gold Award. Transparency and proactive dialogue with investors have always been the top priority of the Fund. Our long term strategy is to deliver stable, recurring income to our unitholders and become the first choice for investors looking for a diversified exposure to Baltic commercial real estate. We consider the quality of financial reporting and communication an integral part of this strategy so it will remain a key focus area for us going forward.“ commented Fund Manager of Baltic Horizon Fund, Tarmo Karotam.
About European Public Real Estate Association
The European Public Real Estate Association as the leading real estate industry organisation in Europe works to promote, develop and represent the European public real estate sector. The annual EPRA BPR awards aim to recognise the efforts of listed real estate companies that have successfully implemented the EPRA BPR Guidelines based on the assessment performed by Deloitte. The EPRA BPR Guidelines define uniform financial reporting standards to make the financial statements of public real estate companies transparent and comparable across Europe.
About Baltic Horizon Fund
Baltic Horizon Fund is a regulated, evergreen real estate investment fund registered in Estonia, managed by Northern Horizon Capital AS. It is traded on Nasdaq Tallinn and Nasdaq Stockholm stock exchanges. The Fund currently manages EUR 345 million worth of assets across three Baltic capitals, targeting 7-8% annual dividend pay-out to investors. Baltic Horizon’s long-term strategy is to become a leading Baltic property owner, investing in properties in strong urban locations with solid tenants and stable cash flows, creating well-diversified, income-producing portfolio.
For more information:
Tarmo Karotam, Fund Manager, Baltic Horizon Fund
Phone: +372 508 9044
Email: Tarmo.Karotam@nh-cap.com
