UBS: "Anfos" increases rental income
The fund, which is worth over CHF 3 billion, sold two residential properties in Basel in the first half of its financial year and increased its rental income by around CHF 3 million.
In the first half of the 2024/2025 financial year, the UBS "Anfos" real estate fund recorded a further decline in the rental loss rate to 3.1% and an increase in rental income of CHF 3.2 million to CHF 70.9 million. The fund sold two smaller properties in the city of Basel, the neighboring residential buildings Galler-Ring 46 and 48.
Net income improved from CHF 35.1 million to CHF 36.4 million, while total income deteriorated slightly from CHF 34.0 million to CHF 35.6 million. This was due to unrealized capital losses of CHF 3.7 million, compared to a loss of CHF 1.3 million in the previous year. Total fund assets remained almost constant at CHF 3.36 billion. At the end of the previous financial year, the figure was CHF 3.34 billion.
