Patrimonium fund increases rental income
Acquisitions have had a positive impact on the half-year figures, as have new lettings and indexations.
In the first half of the 2024/25 financial year (reporting date: September 30), the Patrimonium Swiss Real Estate Fund increased its rental income by more than 4% to CHF 26.8 million. The increase was due to the acquisition of new properties (+2.5%), the reduction in the vacancy rate (+1.24%) and the indexation of rents and new lettings (+1.79%). The balance sheet is clouded by some losses due to doubtful debtors (-1.24%).
The fund purchased the residential property Chemin De Champ-Pamont 2A/2B in Cheseaux-sur-Lausanne for CHF 10.0 million and Rue de Bullet 8-10 in Yverdon (both in the canton of Vaud) for CHF 9.46 million. According to Patrimonium, these buildings with a total of 50 apartments will generate additional annual rental income of CHF 0.9 million (+1.75% ) for the fund. Two smaller residential buildings in the cantons of Vaud and Fribourg will be sold on January 1, 2025 for around CHF 9 million - "with a substantial capital gain", according to the press release.
Realized income rose from CHF 9.6 million to CHF 10.4 million and total income improved from CHF 9.8 million to CHF 10.4 million. (aw)
