Key Figures

Figures based on 31 December 2021 / compared with 31 December 2020
Net income
in CHF million
89.3
55.2
+61.8%
Return on equity
in %
11.1
7.7
+3.4%p
Earnings per share
in CHF
10.39
6.82
+3.57%p
Vacancy rate
in %
10.7
13.2
-2.5%p
Collected property income
in CHF million
63.1
59.7
+5.7%
Annualized property income
in CHF million
63.1
60.0
+5.1%
WAULT
in years
8.2
7.9
+0.3%
Portfolio value
in CHF billion
1.784
1.638
+8.9%
Revaluation gains
in CHF million
60.5
27.0
+124.1%
Equity ratio
in %
52.0
45.0
+7%p
NAV per share (incl. deferred taxes)
in CHF
98.1
90.7
+8.1%
NAV per share (excl. deferred taxes)
in CHF
106.1
99.4
+6.7%
LTV-Ratio gross
in %
44.5
49.9
−5.4% p
LTV-Ratio net
in %
39.6
48.7
−9.1% p
Net income
in CHF million
89.3
55.2
+61.8%
Return on equity
in %
11.1
7.7
+3.4%p
Earnings per share
in CHF
10.39
6.82
+3.57%p
Vacancy rate
in %
10.7
13.2
-2.5%p
Collected property income
in CHF million
63.1
59.7
+5.7%
Annualized property income
in CHF million
63.1
60.0
+5.1%
WAULT
in years
8.2
7.9
+0.3%
Portfolio value
in CHF billion
1.784
1.638
+8.9%
Revaluation gains
in CHF million
60.5
27.0
+124.1%
Equity ratio
in %
52.0
45.0
+7%p
NAV per share (incl. deferred taxes)
in CHF
98.1
90.7
+8.1%
NAV per share (excl. deferred taxes)
in CHF
106.1
99.4
+6.7%
LTV-Ratio gross
in %
44.5
49.9
−5.4% p
LTV-Ratio net
in %
39.6
48.7
−9.1% p
Net income
in CHF million
89.3
55.2
+61.8%
Return on equity
in %
11.1
7.7
+3.4%p
Earnings per share
in CHF
10.39
6.82
+3.57%p
Vacancy rate
in %
10.7
13.2
-2.5%p
Collected property income
in CHF million
63.1
59.7
+5.7%
Annualized property income
in CHF million
63.1
60.0
+5.1%
WAULT
in years
8.2
7.9
+0.3%
Portfolio value
in CHF billion
1.784
1.638
+8.9%
Revaluation gains
in CHF million
60.5
27.0
+124.1%
Equity ratio
in %
52.0
45.0
+7%p
NAV per share (incl. deferred taxes)
in CHF
98.1
90.7
+8.1%
NAV per share (excl. deferred taxes)
in CHF
106.1
99.4
+6.7%
LTV-Ratio gross
in %
44.5
49.9
−5.4% p
LTV-Ratio net
in %
39.6
48.7
−9.1% p
Real estate portfolio in TCHF
Immobilienportfolio EN
Property income in TCHF
Liegenschaftsertrag EN
Profit/loss in TCHF
Reingewinn EN
Real estate portfolio in TCHF
Immobilienportfolio EN
Property income in TCHF
Liegenschaftsertrag EN
Profit/loss in TCHF
Reingewinn EN

Key financial figures

 
in TCHF

31/12/2021

31/12/2020

Property income

63,142

59,738

Revaluation of properties

60,523

27,002

– there of yielding portfolio

39,900

9,658

– there of development portfolio

20,623

17,344

Earnings before interest and tax (EBIT)

115,128

69,859

Earnings before interest and tax (EBIT) excl. revaluation of properties

54,605

42,857

Net income

89,263

55,159

Net income excl. revaluation of properties and deferred tax

36,995

33,352

Cash flow from operating activities

20,094

16,397

Cash flow from investment activities

-39,705

-39,308

Cash flow from financing activities

87,326

18,701
     

Cash and cash equivalents

87,350

19,706

Shareholders’ equity

988,999

761,122

Equity ratio

52.0%

45.0%

Return on equity

11.1%

7.7%

Average interest rate for financial liabilities

0.8%

0.9%

LTV-Ratio gross

44.5%

49.9%

LTV-Ratio net

39.5%

48.7%

Balance sheet total

1,903,643

1,691,378

Employee headcount

77

85

– there of real estate

63

58

– there of Pratteln site

3

15

– there of Jaeger et Bosshard SA

11

12

Key portfolio figures

in TCHF

31/12/2021

31/12/2020

Investment property portfolio

1,784,429

1,637,844

– there of yielding portfolio

1,137,671

1,025,765

– there of development portfolio

646,759

612,079

Market value of investment properties

1,752,318

1,608,417

Number of investment property portfolio

114

116

– there of yielding properties

70

71

– there of development properties

44

45

Number of sites (yielding and development)

44

47

Annualised property income in CHF million

63.1

60.0

Vacancy rate investment property portfolio

10.7%

13.2%

– Vacancy rate yielding portfolio

9.6%

13.0%

– Vacancy rate development portfolio

15.7%

13.7%

– Like-for-like

10.6%

13.2%

Weighted Average (Unexpired) Lease Terms - WAULT real estate portfolio (in years)

8.2

7.9

WAULT top 15 tenants (in years)

10.2

6.0

Investments in investment property portfolio

94,620

75,508

– there of yielding portfolio

25,956

28,601

– there of development portfolio

28,931

37,799

– there of acquisitions (Asset Deal)

39,733

9,108

Alternative Performance Figures

in TCHF except key figures per share

31/12/2021

31/12/2020

Company specific earnings

23,207

31,083

Company specific earnings per share in CHF

2.70

3.84

Adjusted NAV

1,083,632

840,986

Adjusted NAV per share in CHF

107.44

100.24

Key figures per share

in CHF

31/12/2021

31/12/2020

Number of outstanding registred shares

10,085,833

8,390,058

Number of weighted outstanding registred shares

8,592,296

8,091,020

Earnings per share (EPS)

10.39

6.82

Earnings per share (EPS) excl. Revaluation of properties and deferred tax

4.31

4.12

Dividend per share¹

2.70

2.30

Payout ratio²

73.9%

59.6%

Cash yield

2.8%

2.1%

Shareholders’ equity (NAV) per outstanding registered share, without deferred taxes

106.10

99.43

Shareholders’ equity (NAV) per outstanding registered share, with deferred taxes

98.06

90.72

¹ Proposal to the Annual General Meeting on 28 April 2022 for the financial year 2021: 50% distribution from reserves from capital contributions.

² Payout per share in relation to group profit less change in value from revaluation of properties and deferred taxes from the reporting year.

Financial report as PDF