Interim report January-September 2021
Eastnine’s rental income and net operating income increased due to a larger property portfolio. The issue of a bond, entailing higher interest expense during the quarter, will lead to a larger property portfolio and higher earnings. The positive development of sales entailed a positive value change of the holding in MFG during the third quarter.The period January-September 2021 · Rental income increased by 15 per cent to EUR 16,079k (13,936), as a result of a larger property portfolio. In a comparable portfolio rental income decreased by 6 per cent, due to higher vacancies in Riga. ·