Procimmo Swiss Commercial sees itself on track
Procimmo Swiss Commercial Fund reports total income of CHF 16.98 million for the first half of the current financial year.
At CHF 16.98 million, total income was down on the previous year's figure of CHF 18.19 million. In contrast, according to Procimmo, income increased from 26.62 to 26.95 million, with total expenses rising from 14.74 to 15.02 million. The rent default rate decreased from 12.97% to 12.03%.
According to the fund management company, the fund's rental income increased by 1.17% to CHF 26.6 million as of December 31, 2018, compared to the previous year. The investment return (calculated over twelve months) is put at 6.10% (31.12.2017: 6.17%). The net asset value increased from CHF 133.30 as of 31.12.2017 to CHF 135.70 per unit.
Procimmo Swiss Commercial had equity of approximately 655.27 million as of December 31, 2018, compared to approximately 643.79 million as of the previous year's reporting date. Total assets increased significantly from 907.40 million to 946.35 million. TER REF (GAV) increased to 0.96% (Dec 31, 2017: 0.93%). (ah)
