Sustainable Real Estate: Fund significantly increases net income
Despite lower rental income, the fund increased its net income by 10%. The distribution is to be increased by the same amount.
The Sustainable Real Estate Switzerland real estate fund closed the 2024/25 financial year with an increase in net income of 10%. The return on investment improved from 1.98TP3T to 5.12%, while the distribution increased by 10.2% to CHF 2.69. At the end of the financial year (reporting date: June 30), the portfolio comprised 31 existing properties with 736 apartments and 12,908 square meters of commercial rental space. The residential share of target rental income increased from 80.7 to 83.6%. The rent loss rate remained unchanged at around 3 %.
Earnings to increase further in 2025/26
Rental income fell from CHF 17.3 million to CHF 16.8 million. The aforementioned increase in net income of 10% (to CHF 8.6 million) was due to a significantly greater reduction in expenses. The fund is reporting the best result in its 10-year history. Capital gains totalling CHF 0.4 million after tax were realized through two sales. The market value of the portfolio rose by 1.6%, like-for-like the increase amounted to 2.0%. Total income improved from CHF 6.9 million to CHF 17.8 million as a result of the appreciation. The fund management company expects a further increase in the distributable result for the current financial year.
Sales
- Fribourg, Rue Frédéric-Chaillet 6
- Magden, Hauptstrasse 65a/b, 67a/b
