PSCF 2 significantly increases success
Procimmo Swiss Commercial Fund II increased its total income by 18.6% in the first half of the year compared to the same period last year. Rental income increased even more strongly.
Procimmo Swiss Commercial Fund II (PSCF2) reports an investment return of 5.34% for the first half of the current financial year (calculated over twelve months; previous year 7.35%). The return on equity (ROE) was 5.10% (previous year: 6.46%). The leverage ratio of PSCF 2 increased from 24.19% in the previous year to 27.84%, and the operating profit margin (EBIT) increased from 67.99% to 75.06%.
Total income reached CHF 15.35 million, an increase of 18.6% compared to the same period last year (12.93 million). Rental income increased to CHF 19.47 million, up 20.5%. The rent default rate decreased from 13.02% to 12.45%.
Total fund assets increased to CHF 696.9 million and net fund assets increased to CHF 479.6 million. PSCF 2 holds 43 properties in the cantons of Aargau, Basel-Land, Bern, Fribourg, Grisons, Lucerne, Schwyz, Solothurn, Thurgau, Zug and Zurich. (ah)
