Helvetia Swiss Property Fund shows investment return of 5.5%
In its second financial year, Helvetia (CH) Swiss Property Fund generated total income of CHF 24.2 million. This corresponds to an investment return of 5.5%.
The rental income of Helvetia (CH) Swiss Property Fund in the 2020/21 financial year was CHF 22.2 million and the rental default rate was 2.5%. The EBIT margin is put at 66.3% and the fund operating expense ratio (TERREF GAV) at 0.8%. Net income was 12.8 million or CHF 2.84 per unit. Based on price performance in over-the-counter trading, the Fund achieved a performance of 18.9%.
The net asset value per unit rose by 5.5% from CHF 98.03 to CHF 103.40, and the market value of the properties increased by 2.3% or 12.2 million. While there was no distribution in the fund's first abbreviated financial year, it is now expected to be CHF 3.55 per unit. Based on the off-market price of CHF 126.00 per unit, this would result in a distribution yield of 2.8% at the end of the 2021 financial year, Helvetia reports.
The fund management company announces that it intends to substantially expand the real estate portfolio in the 2022 financial year. To this end, a capital increase of around 200 million is to be carried out at the end of March 2022. The proceeds from the issue will again be used to purchase a real estate portfolio with a high proportion of residential properties from the Helvetia Insurance portfolio. The residential share is currently 83% of the target rental income. (ah)
