Swiss Life: ESG Swiss Properties increases rental income like-for-like
Due to a tax effect, net income falls in the financial year, but total income increases significantly as a result of higher valuations.
The listed real estate fund «Swiss Life REF (CH) ESG Swiss Properties» reported a return on investment of 5.1% for the 2024/2025 financial year. Rental income improved on a like-for-like basis byTP3T 1.51 compared to the prior-year period, while the real estate portfolio comprised a total of 194 existing properties with a market value of CHF 3.2 billion as at the reporting date. The net change in market value after deduction of the investments made amounted toTP3T 2.41. Due to unrealized gains of CHF 69.7 million (previous year: CHF - 4.1 million), total income increased from CHF 57.6 million to CHF 121.5 million. At net income level, however, the fund recorded a significant decline - from CHF 57.0 million to CHF 52.3 million. According to Swiss Life Asset Management, this decline was mainly due to higher income taxes.
As a result of the sales and the positive changes in market value, the debt ratio fell over the financial year from 1TP3k 22.1k to 1TP3k 20.61k.
Purchases
- Zurich, Restelbergstrasse 79 (residential building)
Sales
- Uster, Winterthurerstrasse 32 (residential building)
- Geneva, Rue du Marché 7 (commercial building)
- Lenzburg, Hardstrasse 1/1a (residential building)
- Nidau, Strandweg 5 (residential building)
- La Chaux-de-Fonds, Rue du Chalet 9/9a/11/11a (residential building)
- Horgen, Zugerstrasse 80/82 (residential building)
- Horgen, Zugerstrasse 84 (residential with stores)
- Langenthal, Melchnaustrasse 8/10 (residential with stores)
