ImmoMentum AG increases rental income

The value of ImmoMentum AG's real estate portfolio increased to 243.7 million in 2015 as a result of various value-enhancing investments. As of the balance sheet date, the property portfolio of the Bern Stock Exchange-listed AG included a total of 31 properties with a total of 818 rental apartments and a commercial area of 12,538 square meters, as well as one parcel of land with an approved construction project.

As, in contrast to the previous year, no property was sold in the 2015 financial year, net profit fell by around 270,000 to approximately 2.12 million. The net asset value (NAV) per share was increased by 2.11 percent to 2,096.23. Taking into account the tax-free distribution of 93 francs per share, this results in an increase in value of 6.64 percent on a NAV basis. The ImmoMentum share price rose from 2,256 to 2,610 francs within the year, so the share price return together with the distribution amounted to almost 20 percent. For the current year 2016, the Board of Directors of ImmoMentum AG expects an NAV return of 6.0 to 6.5 percent after tax.

ImmoMentum AG has reserves from capital contributions of around 5.2 million, which can be distributed tax-free to shareholders under the current tax law. Of these reserves, a maximum of around 2 million will be available for tax-free payment to shareholders after the 2015 financial year. The Board of Directors will propose to the Annual General Meeting on May 19, 2016, that this limit be almost fully utilized with a payout of 1.98 million. In addition, a par value reduction of 40 Swiss francs per share will be proposed. This would reduce the nominal value of ImmoMentum shares from 1,000 to 960 francs. (mr)