Swiss Life Fund reduces vacancy rates
The Swiss Life REF (CH) ESG Swiss Properties real estate fund recorded rental income of CHF 45.47 million in the first half of the 2022/23 financial year. The vacancy rate in the portfolio fell to below two percent.
The Swiss Life REF (CH) ESG Swiss Properties real estate fund generated net income of CHF 20.26 million in the first six months of the 2022/23 financial year. In the 2021/22 financial year as a whole, this figure was a good CHF 38 million, as shown in the report on the half-year results.
The fund realized a capital gain of CHF 3.81 million from the sale of a residential portfolio of five smaller apartment buildings. After deducting unrealized capital losses (CHF -1.97 million) and liquidation taxes (CHF -385,250), the bottom line is an overall profit of CHF 21.72 million for the first half of the year (financial year 2021/22: CHF 78.37 million).
Rental income amounted to CHF 45.47 million in the first six months, and the rent loss rate was 1.76% (31.03.2022: 2.97%).
The Swiss Life Fund invests in residential properties in Swiss cities and their agglomerations as well as in centrally located commercial properties. At the end of the first half of the year, the fund held a portfolio of 161 properties with a market value of CHF 2.56 billion. At the end of 2022, a high-quality real estate portfolio of Swiss Life AG with 15 properties and a market value of CHF 242 million was acquired. (ah)
