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's activity report 2022

The main activity of Momente Vara OÜ is to lease its real estate and mediate related services. In 2022, sales volume increased and the vacancy of leased spaces was minimal throughout the year. In 2022, energy input prices were highly volatile due to global geopolitical events. Despite anomalously high energy prices during heating periods, this did not affect the occupancy of rental properties.

Momente Vara OÜ does not have branches abroad.

Events following the balance sheet date

In April 2023, Momente Vara OÜ acquired a notional part of the Pärnu mnt 139C property for the purpose of expanding its operations. This increases the number of units to be leased by about 80%, thereby increasing the economies of scale in the management of Momente Vara OÜ's main business in terms of both administrative and sales costs.

An independent real estate expert from Domus Kinnisvara performed the valuation of the object to be purchased at the Pärnu mnt 139C property. The expert opinion also reflects the financial projection of the object.

In a rapidly changing economic situation, where many inputs are very volatile, it is difficult to make accurate long-term forecasts. The management assumes that

The factors affecting the economic activity of Momente Vara OÜ will balance each other in the long term (for example, inflation balances the interest rate).

To hedge the risk of energy price volatility, agreements have been concluded to switch two buildings to district heating by the end of 2023.

The studio rental market in Tallinn remains strong, as the number of residents in Tallinn has been steadily and stably growing despite economic turbulence (corona closure,

War in Ukraine, inflation, slight economic downturn) and the labor market indicators are still strong.