Hauptbild 20 Prozent Deckung Schwarz 16Zu6

56.1

CHF million

Net income

6.9

%

Vacancy rate

Key Figures
Half-Year Report 2022 PDF
Felix Grisard Und Marco Feusi AktionärsbriefFelix Grisard Und Marco Feusi AktionärsbriefFelix Grisard Und Marco Feusi AktionärsbriefFelix Grisard Und Marco Feusi Aktionärsbrief

Letter to Shareholders

HIAG successfully continued its growth trajectory in the first half of 2022. Rental income increased again by 5.8%, and the vacancy rate for the overall portfolio was significantly reduced to 6.9%. Substantial progress was made on project development, and the portfolio was optimised further. The company's strong performance led to a significant increase in revaluation gains, and consequently to a very pleasing half-year result of CHF 56.1 million, which is its best result since the IPO on the Swiss stock exchange.

Executive Board Interview

Key Figures

Figures based on 30 June 2022 / compared to 31 December 2021
* Figures based on 30 June 2022 / compared to 30 June 2021

Net income*
in CHF million
56.1
41.9
+33.7%
Return on equity
in %
12.0
11.1
+0.9%p
Earnings per share
in CHF
10.25
10.39
-1.3%p
Vacancy rate
in %
6.9
10.7
-3.8%p
Collected property income*
in CHF million
32.4
30.6
+5.8%
Annualized property income
in CHF million
70.8
63.1
+12.2%
WAULT
in years
8.5
8.2
+3.5%
Portfolio value
in CHF billion
1.87
1.78
+4.7%
Revaluation gains*
in CHF million
42.3
32.2
+31.2%
Equity ratio
in %
52.4
52.0
+0.4%p
NAV per share (incl. deferred taxes)
in CHF
100.9
98.1
+2.9%
LTV-Ratio gross
in %
42.4
44.5
-2.1%p
LTV-Ratio net
in %
40.3
39.6
+0.7%p
Net income*
in CHF million
56.1
41.9
+33.7%
Return on equity
in %
12.0
11.1
+0.9%p
Earnings per share
in CHF
10.25
10.39
-1.3%p
Vacancy rate
in %
6.9
10.7
-3.8%p
Collected property income*
in CHF million
32.4
30.6
+5.8%
Annualized property income
in CHF million
70.8
63.1
+12.2%
WAULT
in years
8.5
8.2
+3.5%
Portfolio value
in CHF billion
1.87
1.78
+4.7%
Revaluation gains*
in CHF million
42.3
32.2
+31.2%
Equity ratio
in %
52.4
52.0
+0.4%p
NAV per share (incl. deferred taxes)
in CHF
100.9
98.1
+2.9%
LTV-Ratio gross
in %
42.4
44.5
-2.1%p
LTV-Ratio net
in %
40.3
39.6
+0.7%p
Net income*
in CHF million
56.1
41.9
+33.7%
Return on equity
in %
12.0
11.1
+0.9%p
Earnings per share
in CHF
10.25
10.39
-1.3%p
Vacancy rate
in %
6.9
10.7
-3.8%p
Collected property income*
in CHF million
32.4
30.6
+5.8%
Annualized property income
in CHF million
70.8
63.1
+12.2%
WAULT
in years
8.5
8.2
+3.5%
Portfolio value
in CHF billion
1.87
1.78
+4.7%
Revaluation gains*
in CHF million
42.3
32.2
+31.2%
Equity ratio
in %
52.4
52.0
+0.4%p
NAV per share (incl. deferred taxes)
in CHF
100.9
98.1
+2.9%
LTV-Ratio gross
in %
42.4
44.5
-2.1%p
LTV-Ratio net
in %
40.3
39.6
+0.7%p

Key figures

Business Performance

HIAG significantly increased its half-year profit 2022 by 33.7% to CHF 56.1 million. At CHF 42.3 million net, the revaluation gains from the prior-year period were far exceeded. Property income increased by 5.8% to CHF 32.4 million. At CHF 1.1 million, income from the sale of investment properties is slightly lower than in the same period of the previous year. In contrast, the first promotional sales for the new construction project "CHAMA Columbus" made a positive contribution to earnings of CHF 0.8 million before taxes. The successful refinancing of a CHF 150 million bond in May 2022 with a duration until October 2026 also ensures a healthy capital structure and supports future growth.

Business Performance

Sustainability

The intensified sustainability activities will continue consistently as planned in 2022. HIAG has initiated all the projects required to achieve the set sustainability goals.

Read more

Project pipeline

Projects mid-term

Expected investment volume in CHFm

2022

2023

2024

2025

2026

Biberist, Papieri, Librec

Biberist
Papieri, Librec

Industrial, New Building

Estimated Rental Value in CHFm

0.6

Expected investment volume in CHFm

9.2

Effective area to be developed in m2

4'600

Expected remaining investment in CHF Mio. 8.6
Pre-let Ratio 100%
Lease duration in years 25
Project status Design planning, building application 06/22
Wetzikon, Floos

Wetzikon
Floos

Commercial, Conversion

Estimated Rental Value in CHFm

1.0

Expected investment volume in CHFm

15.2

Effective area to be developed in m2

7'100

Expected remaining investment in CHF Mio. 14.0
Project status Pending building permission due canton ZH, commercialization
Windisch, Zentrum West

Windisch
Zentrum West

Residential/commercial, New Building

Estimated Rental Value in CHFm

0.4

Expected investment volume in CHFm

10.5

Effective area to be developed in m2

1’600

Expected remaining investment in CHF Mio. 9.1
Project status Pending building permission
Hausen/Lupfig, BF B2, 2nd stage

Hausen/Lupfig
BF B2, 2nd stage

Logistic, New Building

Estimated Rental Value in CHFm

0.4

Expected investment volume in CHFm

3.6

Effective area to be developed in m2

12'800

Expected remaining investment in CHF Mio. 64.9
Project status Expec. permission GP 08/22, commercialization
Winterthur, Technoramastr., WINTECH

Winterthur
Technoramastr., WINTECH

Industrial/logistic, New Building

Estimated Rental Value in CHFm

2.1

Expected investment volume in CHFm

32.2

Effective area to be developed in m2

10'300

Expected remaining investment in CHF Mio. 30.3
Pre-let Ratio 20%
Lease duration in years 15
Project status Building application 03/22, commercialization

Project pipeline

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