SPS fund significantly increases net income
Swiss Prime Site Solutions Investment Fund Commercial increased net income by 278% to CHF 6.3 million in H1 2022/2023.
The fund closes the 1st half-year with a cumulative investment return of 2.71%. With the cash flow return of 2.63% included therein, the corresponding target of 3.5% to 4.0% was already reached by 75% after 6 months. The contribution of the value change return was only 0.08%.
In the first half of the year, the fund raised equity capital of CHF 23 million through an issue, including a contribution in kind. The proceeds of the issue were used in full for the connection of further properties.
Rent defaults remain at a low level
Operationally, the fund reports a year-on-year increase in WAULT on leases from 3.8 to 5.8 years. Rental losses remain at a low level of 3.7% in H1 (year-end 2021/2022: 3.6%).
Portfolio increases by 27%
The fund's portfolio grew by 27% or CHF 91 million to CHF 438 million since the close of the last fiscal year. Two office and research properties in Stabio, Ticino, were acquired in the first half of the year.. The properties are leased under long-term triple-net-green leases with an annual target rent of CHF 3.75 million. (aw)
