Eurocastle Investment Limited (EUIVF.PK), an investment company, on Friday reported a narrower net loss for the first quarter, helped by unrealized fair value movement from its European Properties Investment Fund, or EPIF, and decreased total expenses.
For the first quarter, the company posted a net loss of 42,000 euros, or 0.04 euro per share, narrower than a loss of 106,000 euros, or 0.11 euro per share, in the same period last year. Total expenses declined to 0.236 million euros from the previous year's 0.247 million euros.
New Investment Strategy-EPIF unrealized fair value movement was 85,000 euros, compared with zero euros in the prior year. Total fair value movement on investments stood at positive 85,000 euros as against negative 10,000 euros in 2024.
The company also noted that, following quarter end, the Luxembourg fund through which it is pursuing the new investment strategy, or EPIF, has reached over 61 million euros of investor commitments, following which the Board has determined that Eurocastle has a sustainable platform that it anticipates growing in the future. As a result, the Board has released 4.6 million euros of reserves, generating a net increase to the firm's adjusted net asset value by 4 million euros, or 4.01 euros per share.
For the first quarter, Eurocastle registered a net asset value of 22 million euros, or 22.01 euros per share, compared with 22.1 million euros, or 22.05 euros per share, recorded for the fourth quarter of 2024.
Excluding items, net asset value stood at 11.4 million euros, or 11.43 euros per share, as against 11.4 million euros, or 11.34 euros per share, in the fourth quarter of 2024.
Total income was 0.194 million euros, up from 0.141 million euros in the same period last year.
For comments and feedback contact: editorial@rttnews.com
Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.