Mobifonds: Swiss Property increases overall success
While net income fell slightly due to a renovation project, total income rose - boosted by an increase in the value of the portfolio.
With an increase in total income of 36% to CHF 47 million, Mobifonds Swiss Property benefited in particular from the increase in value of its real estate portfolio. The 23 properties were revalued by a total of 2.5% as at September 30 and now have a total value of around CHF 1.2 billion. The return on investment increased from 3.9TP3T to 5.3%.
The fund's net income fell from CHF 25.5 million to CHF 24.9 million. The fund management explains the decline as a result of the conversion project launched on Langstrasse in Zurich, which led to a temporary loss of rental income and increased maintenance costs. For investors, however, the distribution will increase by 10 centimes to CHF 3.60.
Due to the ongoing conversion projects in Basel and Zurich, net income is likely to decline again «slightly» in the current year, writes Mobifonds. However, significant earnings growth is expected in the medium term once the projects are completed. «In addition, the defensive balance sheet with a debt financing ratio of around 10% leaves plenty of scope for further selective growth without the need for equity,» says the fund.
Planned listing in the first quarter of 2026
As announced in April 2025, the fund management company plans to list Mobifonds Swiss Property on the SIX Swiss Exchange. The IPO is targeted for the first quarter of 2026. From January 1, 2026, market making will be handled by Bank J. Safra Sarasin. In addition, Dominik Bögli will take over the portfolio management of the fund as of the listing date. Previously, Markus Wyss was responsible for this as Head of Real Estate.
