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.

Swisscanto
The Swisscanto Responsible IFCA fund is now worth CHF 1.9 billion (Image: Pixabay)

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)

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