Streetbox Real Estate Fund: Over 10% Return on Equity
Streetbox Real Estate Fund reports a 12-month return on equity of 10.15 percent for the first half of the current fiscal year - up from 7.91 percent a year earlier.
The Streetbox Real Estate Fund reported an investment return of 3.31 percent over the first six months, compared to 3.19 percent in the previous year. The net asset value rose from CHF 265.60 to CHF 277.90 per unit.
The fund's rental income reportedly increased to about 4.35 million as of the end of September 2018, up 9.3 percent from about 3.98 million in the same period last year. Total income is 4.41 compared to 4.46 million as of Sept. 30, 2017, while expenses increased from 2.75 to 3.35 million.
The operating profit margin (EBIT margin) decreased from 61.01 to 50.77 percent compared to the same period of the previous year. Total income for the financial year increased to 3.64 million (prior-year period: 3.33 million).
Net fund assets are put at 113.7 million, while total fund assets are reported to be 180.2 million. The leverage ratio is 31.45 percent (previous year: 29.99%). The rent default rate has decreased from 27.11 to 19.42 percent. The TER REF (GAV) also decreased from 0.99 to 0.97 percent.
A capital increase is planned for the Streebox Real Estate Fund in December 2018. Around 20,000 new shares are to be issued. (ah)
