PSCF2 yields 8.7 percent
Procimmo Swiss Commercial Fund II (PSCF2) generated a return on equity of 8.72 percent in the first half of 2017. The return on investment was 7.6 percent.
According to the fund management of PSCF2, the return on investment increased from 3.7 percent (as of March 2016) to 7.60 percent. The return on equity increased from 7.92 percent in the previous year to 8.72 percent. The net asset value (NAV) increased from CHF 109.70 at the end of March 2016 to CHF 112.89 per unit.
Total income amounts to 8.25 million and total expenses to 3.55 million as of March 31, 2017. Net income is 4.7 and total income is 9.32 million. Rental income reached 7.98 million. The rent default rate increased from 9.59 percent in the same period last year to 14.14 percent now.
Total fund assets were reportedly 270.1 million as of March 31, 2017, while net fund assets came in at 185 million. PSCF2's leverage ratio was 28.89 percent and operating profit margin (EBIT) was 76.24 percent. TER REF (GAV) remained virtually unchanged at 0.99 percent (March 31, 2016: 0.98%).
With the acquisition of properties in Dietlikon (Neue Winterthurerstasse 20) and in Winterthur (Hegmattenstrasse 24/26), the portfolio of Procimmo Swiss Commercial Fund II counts 20 properties including land as of March 31, 2017. These are mainly commercial or industrial properties in German-speaking Switzerland, the fund management company says.
