Warteck Invest increases profit
The very significant increase in consolidated profit is due to an improved result from revaluation.
Warteck Invest was able to significantly increase its consolidated profit in the first half of 2025 thanks to a much improved valuation result. Compared to the same period of the previous year, this rose by CHF 146.7% to CHF 19.8 million. While the properties had been written down by CHF 3.8 million in the first half of 2024, they have now been written up by CHF 8.4 million. Excluding the valuation result, the profit for the half-year amounted to 12.8 million and exceeded the previous year's figure by as much as 14.4%. At CHF 17.5 million, operating earnings before interest and taxes (EBIT) excluding revaluation were only marginally (+1.1%) higher than the previous year's figure.
The real estate portfolio did not change in the first half of the year and had a market value of CHF 1.05 billion (+1.5%) on the balance sheet date. Despite the unchanged portfolio and lower reference interest rate, target rental income rose by % 2.0. The increase is primarily due to index adjustments from the previous year and lettings. Vacancy rates and loss of income remained at a low level, meaning that actual rental income increased byTP3T 2.11 compared to the same period of the previous year.
Financing costs greatly reduced
Operating costs increased slightly compared to the previous year. Maintenance costs also rose slightly by 3.4 % - according to Warteck Invest "in line with planning". The capital increase in the previous financial year was reflected in the financial result. The lower loan portfolio of CHF 474.1 million in combination with currently lower mortgage interest rates led to financial expenses of CHF 3.6 million, down by % 25. The loan-to-value ratio amounted to 45.1 % as at the balance sheet date. The average capital-weighted interest rate paid fell from 1.8% to 1.6% due to favorable refinancing conditions.
For the next five to seven years or so, Warteck Invest has a pipeline of extension, refurbishment and site development projects with a total volume of around CHF 225 million. (aw)
