Procimmo Swiss Commercial Fund 56 with 7% investment return
Procimmo Swiss Commercial Fund 56 reported an investment return of 7.06% and a return on equity of 6.03% for the first half of the year.
The fund's net asset value rose from CHF 109.80 to CHF 112.20 per unit year-on-year, according to Procimmo. Return on equity (ROE) increased from 3.64% to 6.03% over the same period.
Total income in the past six months amounted to around 10.4 million, compared with total expenses of 3.7 million. The net profit thus amounts to around 6.7 million. Total income was 7.1 million, compared with 4.1 million in the previous year.
The rental income of Procimmo Swiss Commercial Fund 56 rose sharply from around 5.9 million to 9.1 million. The rent default rate fell from 16.54% to 13.96% within the year.
The EBIT margin increases from 65.50% to 72.07%. TER REF (GAV) amounts to 0.83% compared to 0.81% in the previous year.
As of June 30, 2019, net fund assets were 246.7 million and total fund assets were 344.6 million. (ah)
