Raiffeisen: Futura fund significantly improves net income
Rising rental income led to a noticeable increase in net income in the past financial year. In terms of overall performance, the fund benefited from the valuations.
In the 2024/25 financial year, the Raiffeisen Futura Immo Fund increased the market value of its properties by almost CHF 90 million to CHF 597.5 million through acquisitions and revaluations. As at the reporting date of March 30, target net rental income had risen by CHF 2.5 million to CHF 22.4 million, while the rental loss rate remained at a similar level to the previous year at 3.09 %. With expenses virtually unchanged at CHF 11.3 million, net income improved from CHF 9.1 million to CHF 12.1 million. Meanwhile, realized income fell from CHF 14.5 million to CHF 12.2 million due to realized capital gains of CHF 5.3 million in the previous year. The picture is different for the overall result: because the valuation result improved from CHF -7.1 million in the previous year to CHF +6.2 million, the bottom line profit rose significantly from CHF 7.5 million to CHF 18.5 million.
IB+ provides additional information on the acquisitions here and here. (aw)
