UBS Direct Urban: Rent default rate significantly lower
In the past financial year, the real estate fund reduced the rent loss rate by 40% and noticeably increased net income.
The UBS Direct Urban real estate fund reports "significant letting successes with tenants with strong credit ratings" for the 2024/2025 financial year, as a result of which the cumulative rental loss rate was significantly reduced by around 40% to 3.2%. Rental income increased slightly from CHF 21.9 million to CHF 22.1 million and net income improved from CHF 10.8 million to CHF 11.3 million. The valuation result was CHF 7.4 million higher than in the previous year, meaning that total income increased from CHF 8.9 million to CHF 14.1 million. There were no real estate transactions in the financial year. The value of the portfolio amounted to CHF 595.8 million as at the reporting date (previous year: CHF 584.1 million).
Including the distribution of CHF 0.33 per unit, the fund posted a performance of 5.7% for the past financial year compared with 9.8% in 2024. The benchmark is 15.6%. (aw)
