Swisscanto Real Estate Fund increases net income

The Swisscanto (CH) Real Estate Fund Responsible IFCA has increased its net income despite higher refinancing costs. According to unaudited half-year figures, the fund achieved a result of CHF 20.6 million, compared to CHF 19.6 million in the same period of the previous year. The rental loss rate fell from 1.9% in the 2023 financial year to an even lower 1.5%. In addition to the reduction in vacancies, the fund reportedly benefited from rent adjustments to the increased reference interest rate and additional income from completed investment projects, writes Swisscanto. At +14.5%, the fund's performance on the financial market in the first half of the year was well above the benchmark (SWIIT Index) of +4.9%.

According to the information provided, the strategic focus in the financial year is primarily on exploiting the potential of the portfolio through development projects and management. There were no purchases or sales in the first half of the year. (aw)