Mobimo increases result in H1
The company is significantly increasing its success from development and sales and is confident that it will at least achieve its annual targets.
The real estate company Mobimo reports a profit before revaluation of CHF 51.5 million for the first half of 2025, thereby increasing the comparable figure from the same period of the previous year (CHF 47.8 million). Income from revaluations increased from CHF 22.0 million to CHF 71.6 million, meaning that net profit including revaluation improved even more significantly from CHF 65.6 million to CHF 109.7 million. Commercial properties contributed around a quarter of the revaluation result. However, residential real estate accounted for by far the largest share. Their share of the portfolio is apparently set to increase: According to adjusted investment guidelines, up to 50% of income can now come from residential properties.
Significant earnings growth from projects and sales
Rental income remained virtually constant at CHF 72.6 million. On a like-for-like basis, however, this resulted in rental income growth of 2.2% (previous year: 2.0%). "This reflects the effect of the second reference interest rate increase in 2023, which took full effect for the first time in the first half of 2025," commented Mobimo. The vacancy rate increased from 3.7TP3T to 3.9%. Income from developments and sales promotion again rose sharply by 90.5% to CHF 24.6 million. The total value of the real estate portfolio increased from CHF 3.8 billion to CHF 3.9 billion over the course of the year.
As part of the portfolio streamlining, the small residential property at Rue de Photographes 12 in Geneva was sold to a private investor in January 2025. Shortly after the balance sheet date, the Schöneggstrasse development project in Dietikon was also sold to an institutional buyer. Mobimo acquired a plot of land in the Chailly district of Lausanne for a condominium project with around twelve apartments. In addition, the largest part of the Langenthal Mitte development project, the former Geiser industrial site, has now been acquired. Mobimo is planning to develop a district directly next to the train station in several stages, including a high-rise residential building with 93 apartments. IB reported on the purchase of EMWE Immobilien AG, which owns properties in the city and canton of Zurich here.
"Confident of achieving or exceeding targets"
Total assets exceeded the CHF 4 billion threshold for the first time. This growth was also reflected in Mobimo's inclusion in the Stoxx Europe 600 index, which tracks the 600 largest European companies. At mid-year, the company is "confident that it will achieve the targets for 2025 communicated at the beginning of the year and exceed them thanks to the pleasing development of the promotional business and the additional rental income from the acquisition". (aw)
