Swisscanto: IFCA fund increases net income in 2024

The Swisscanto (CH) Real Estate Fund Responsible IFCA achieved an overall performance of +22.3% in the 2024 financial year. The fund's total income increased from CHF 37.5 million in the previous year to CHF 78.6 million, boosted by a massively higher valuation result of CHF 37.7 million (previous year: CHF -3.0 million). The return on investment improved from 2.9 to 6.1% and, according to the fund management company, net income rose from CHF 39.9 million to CHF 41.0 million thanks to additional income from portfolio investments and reference interest rate adjustments. Meanwhile, the rental loss rate fell from 1.92TP3T to 1.65%. "Thanks to the continued good operating result, the fund is increasing the distribution per unit from CHF 3.80 to CHF 3.90," writes the fund management company.

As at December 31, the fund was invested in 125 properties with a market value of around CHF 2 billion. The only acquisition was a bolt-on purchase in Buchs (ZH) at Baumackerstrasse 4. In operational terms, the fund focused on investments in existing properties. The fund's largest ongoing construction projects are the new Ambra replacement building in Uster (Gschwaderstrasse 40) and a new replacement building in the city center of Basel at Allschwilerstrasse 38/Birkenstrasse 43. (aw)