SFPI: More income from the properties
Swiss Finance & Property Investment AG (SFPI) increased its real estate income by 12.7 percent in the first half of 2017.
According to the preliminary and unaudited figures, the higher property income was accompanied by a 4.9 percent increase in costs. SFPI expects net income (excluding valuation gains/deferred taxes) for the first half of 2017 to decline to CHF 4.15 million (previous year: 10.46 million). This is mainly due to the "absence of sales-related positive one-off effects from the previous year," the company says.
The increase in valuations is at the previous year's level, the media release continues. At 2.75 percent, the vacancy rate as of the reporting date is "at a gratifyingly low level," SFPI writes.
Further details on the business results and the report on the first half of 2017 will be published on August 29, 2017.
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