Immo56: Fund increases rental income by 3%
Immo56" closed its financial year with a return on investment of 3.5% (previous year: 5.7%) and an increase in rental income of 3.16%. According to the fund management, this is a "very positive annual result".
The return on investment of the Immo56 fund fell from 5.7% to 3.51% in the past financial year as at March 31, while the return on equity (ROE) amounted to 3.41% (previous year: 5.52%). The dividend yield is practically unchanged at 3.30%.
Net income for the financial year increased from CHF 12.2 million to CHF 12.4 million. Rental income increased by 3.16% to CHF 22.9 million and the rental loss rate improved from 3.19 to 2.68%. While realized net income remained almost stable at CHF 12.4 million, total income fell significantly from CHF 19.8 million to CHF 12.5 million. This was mainly due to the decline in the valuation result from CHF 8.2 million to CHF -0.4 million. The dividend per unit remains stable at CHF 5.20. As at March 31, net fund assets amounted to CHF 366.9 million and total fund assets to CHF 530.2 million (previous year: CHF 507.5 million).
"This very good annual result confirms the fund's resilience in an uncertain market environment," says Fund Manager Richard Dahdah. (aw)
