Good Buildings increases overall success
The fund managed by Berninvest reported a lower rental loss rate and a slight improvement in realized income and total income for the first half of the year.
According to unaudited figures, the Good Buildings Swiss Real Estate Fund increased rental income slightly to CHF 7.76 million in the first half of the year (H1 2023: CHF 7.67 million). With slightly lower expenses (CHF 3.38 million after CHF 3.50 million), realized income improved from CHF 4.18 million to CHF 4.40 million. Total income also rose slightly accordingly, from CHF 4.18 million to CHF 4.38 million. No unrealized capital gains or losses are reported. The return on investment increased slightly from 1.55 to 1.64%.
There were no transactions during the period and total fund assets remained virtually unchanged at CHF 359.6 million at the end of the first half of the year. Meanwhile, the portfolio's rental loss rate fell from 5.21 to 5.05%.
The fund is managed by Berninvest AG. (aw)
