Swissinvest fund achieves investment return of over eight percent
In fiscal year 2021/22, the Swissinvest Real Estate Fund increased the net asset value of a unit by 5.3% to CHF 163.15, corresponding to an investment return of 8.45%.
The listed real estate fund Swissinvest Real Estate Fund was unable to decouple itself from the uncertainties on the financial markets and therefore recorded a negative performance of -16.77% in the 2021/22 financial year. The investment return, on the other hand, reached a value of 8.45% (basis: net asset value), according to Pensimo Fondsleitung. As in the previous year, the distribution amounts to CHF 4.55 gross per unit, resulting in a distribution yield of 2.61% (basis: market price as of June 30, 2022).
According to the information provided, the market value of the properties increased to CHF 1.23 billion (previous year: 1.14 billion), and rental income also rose slightly to CHF 43.2 million (previous year: 42.7 million). Almost three quarters of this came from residential uses. The rent default rate was 4.21% of the target net rental income and thus slightly above the previous year's level of 4.12%.
One acquisition and two sales
In the past financial year, the Swissinvest fund acquired a new construction project with an investment volume of CHF 44 million in a very good location in the city of Lausanne, according to the statement. The property comprises two apartment buildings to the Minergie standard with 51 apartments and 38 parking spaces. Construction has started and completion is scheduled for early 2024. As part of the portfolio streamlining, two properties in Niederwil (AG) and Steinmaur (ZH) were sold, resulting in a realized capital gain of CHF 2.4 million. A total of CHF 13.6 million was invested in portfolio properties. (ah)
