SF Commercial Properties increases net income by 14%

The value of the SF Commercial Properties Fund's property portfolio remained unchanged at CHF 279.6 million at the end of the first half of the year. However, the vacancy rate fell significantly by 6.7 percentage points to 7.05% and net income increased by an impressive 14.27% to CHF 5.21 million. The fact that total expenses fell from CHF 3.8 million to CHF 2.9 million is due to the optimization of maintenance and operating costs as well as reductions in regulatory remuneration. As a result, the EBIT margin improved by 8% to 74.1% and the overall result grew from CHF -1.2 million to CHF 4.1 million. The latter was made possible not least by a good CHF 5 million improvement in the valuation result.

According to the fund management company, it is examining "strategically relevant divestments" as well as acquisitions. (aw)