Realstone Swiss Property increases earnings and income
The Realstone Swiss Property real estate fund closed the 2017/2018 financial year with a net result of CHF 22.5 million. This is around five percent more than in the previous year.
According to Realstone, the reason for the growth was an increase in rental income of 4.4 percent or CHF 1.9 million. By contrast, the fund's total costs only increased by 0.8 percent.
Overall, the past financial year was characterized by renovation and expansion work, Realstone continued. By realizing the potential of each individual building, rental income can be developed in the long term and the market value of the property portfolio can be constantly increased. According to the information provided, seven densification projects are currently being evaluated.
The fund management company also announced that it would be carrying out a capital issue. The conditions are to be announced shortly.
Realstone Swiss Property is an open-ended Swiss real estate investment fund. It invests mainly in residential properties throughout Switzerland, and the portfolio currently comprises 58 properties. The fund is managed by Realstone SA and currently has total assets of around CHF 1 billion.
