Swisscanto Responsible IFCA with investment return of 6.3 percent
The Swisscanto (CH) REF Responsible IFCA real estate fund closed the 2022 financial year with a stable net income of CHF 40.4 million.
The total return of the fund decreased from CHF 89.2 million to CHF 79.4 million compared to the previous year, while the investment return decreased from 7.3% to 6.3%. The return on equity amounted to 6.1% (previous year: 7.2%). Swisscanto speaks of a pleasing result to which, in addition to the stable net income, a realized capital gain of CHF 1.5 million (previous year: CHF 5.7 million) and unrealized capital gains of CHF 37.5 million (previous year: CHF 43.1 million) contributed.
The fund reduced the rent default rate in the last fiscal year from an already low 2.8% to 2.2%. The Ebit margin remained stable at 66.2% (prev. yr.: 66.8%). Net return on completed construction was slightly down from 3.37% to 3.35% due to revaluations. Meanwhile, total fund assets increased from CHF 1.84 billion to CHF 1.90 billion. (aw)
