Utilita increases the return on investment
The investment foundation, which specializes in investments in affordable and non-profit housing, also significantly increased its EBIT margin in fiscal year 2021/22 and cut its rent default rate by almost half.
The Utilita Investment Foundation presents some key figures for the investment group for non-profit real estate Switzerland. According to these, the return on investment in fiscal year 2021/2022 was 4.38 percent - up from 4.15 percent in the previous year. The EBIT margin climbed from 66.44 percent to 72.58 percent. The increase of just over six percent was due to the fact that rental income rose, with maintenance costs remaining virtually stable, Utilita reports. The rent default rate fell significantly within the year, dropping from 6.23 percent to 3.31 percent.
The investment foundation also points out that rents are twelve percent below market, which gives greater flexibility in the event of market fluctuations. More than half (53 percent) of the properties have access to the non-profit sector, which has a stabilizing effect on net cash flow.
The investment group Non-Profit Real Estate Switzerland, which remains open to investors, comprises a market value of around CHF 250 million when all properties are completed, Utilita said. This would correspond to 570 apartments for 1,200 people, he said. (ah)
