5-Year Review Investis Group
|
Operating results |
|
2017 |
2016 |
2015 |
2014 |
2013 |
|
Properties |
|
|
|
|
|
|
|
Revenue |
CHF 1,000 |
47,492 |
41,852 |
40,760 |
40,884 |
40,081 |
|
EBITDA before revaluations/disposals |
CHF 1,000 |
32,394 |
27,293 |
25,011 |
26,802 |
26,155 |
|
EBIT |
CHF 1,000 |
58,039 |
76,679 |
56,906 |
37,331 |
43,709 |
|
|
|
|
|
|
|
|
|
Real Estate Services |
|
|
|
|
|
|
|
Revenue |
CHF 1,000 |
147,637 |
136,094 |
131,256 |
61,100 |
22,737 |
|
of which property management |
|
53% |
56% |
55% |
58% |
83% |
|
of which facility services |
|
46% |
32% |
31% |
25% |
17% |
|
EBIT |
CHF 1,000 |
7,839 |
3,892 |
6,201 |
4,899 |
530 |
|
EBIT margin |
|
5.3% |
2.9% |
4.7% |
8.0% |
2.3% |
|
|
|
|
|
|
|
|
|
Investis Group |
|
|
|
|
|
|
|
Revenue |
CHF 1,000 |
189,987 |
161,916 |
157,371 |
91,796 |
60,217 |
|
EBITDA before revaluations/disposals |
CHF 1,000 |
37,311 |
28,695 |
29,886 |
31,381 |
24,479 |
|
EBIT |
CHF 1,000 |
60,871 |
76,369 |
60,208 |
41,199 |
41,689 |
|
EBIT margin |
|
32.0% |
47.2% |
38.3% |
44.9% |
69.2% |
|
Net profit |
CHF 1,000 |
57,604 |
45,077 |
44,569 |
27,768 |
26,880 |
|
Net profit without revaluation effects |
CHF 1,000 |
26,789 |
9,419 |
18,187 |
19,882 |
14,265 |
|
Funds From Operations (FFO) |
CHF 1,000 |
29,460 |
17,844 |
20,483 |
22,598 |
13,180 |
|
|
|
|
|
|
|
|
|
Financial position |
|
31.12.2017 |
31.12.2016 |
31.12.2015 |
31.12.2014 |
31.12.2013 |
|
Cash and cash equivalents |
CHF 1,000 |
50,539 |
52,940 |
47,983 |
53,344 |
45,652 |
|
Residential investment properties |
CHF 1,000 |
940,629 |
841,961 |
745,866 |
723,161 |
732,656 |
|
Commercial investment properties |
CHF 1,000 |
127,784 |
113,129 |
81,045 |
63,575 |
59,242 |
|
Investment properties under construction |
CHF 1,000 |
14,826 |
64 |
3,507 |
1,025 |
0 |
|
Undeveloped plots of land |
CHF 1,000 |
1,673 |
7,328 |
12,235 |
12,085 |
11,195 |
|
Properties held for sale |
CHF 1,000 |
35,805 |
18,141 |
14,116 |
9,805 |
6,774 |
|
Total Property portfolio |
CHF 1,000 |
1,120,717 |
980,622 |
856,769 |
809,651 |
809,867 |
|
Total assets |
CHF 1,000 |
1,238,222 |
1,099,750 |
984,451 |
935,085 |
888,062 |
|
|
|
|
|
|
|
|
|
Total shareholders equity |
CHF 1,000 |
568,989 |
557,570 |
427,411 |
393,728 |
415,113 |
|
Equity ratio |
|
46.0% |
50.7% |
43.4% |
42.1% |
46.7% |
|
Mortgages and bonds |
CHF 1,000 |
436,357 |
325,572 |
336,105 |
310,176 |
289,709 |
|
Gross LTV |
|
38.9% |
33.2% |
39.2% |
38.3% |
35.8% |
|
Deferred tax liabilities |
CHF 1,000 |
154,977 |
145,579 |
132,539 |
126,374 |
123,375 |
|
|
|
|
|
|
|
|
|
Average discount rate |
|
3.62% |
3.71% |
4.04% |
|
|
|
Annualised full occupancy property rent |
CHF million |
51.5 |
46.9 |
41.2 |
|
|
|
Annualised property rent |
CHF million |
49.6 |
45.2 |
39.8 |
|
|
|
Vacancy rate |
|
3.5% |
3.7% |
3.3% |
|
|
|
|
|
|
|
|
|
|
|
Number of employees |
|
2017 |
2016 |
2015 |
2014 |
2013 |
|
Headcount (as at period end) |
|
1,420 |
1,146 |
1,082 |
1,046 |
220 |
|
FTE (full-time equivalent, average over the period) |
|
1,143 |
902 |
855 |
364 |
185 |
|
|
|
|
|
|
|
|
|
Data per share |
|
31.12.2017 |
31.12.2016 |
31.12.2015 |
31.12.2014 |
31.12.2013 |
|
Share ratios |
|
|
|
|
|
|
|
Share capital |
CHF 1,000 |
1,280 |
1,280 |
1,000 |
1,000 |
1,000 |
|
Number of registered shares issued/outstanding |
|
12,800,000 |
12,800,000 |
10,000,000 |
10,000,000 |
10,000,000 |
|
Nominal value per share |
CHF |
0.10 |
0.10 |
0.10 |
0.10 |
0.10 |
|
|
|
|
|
|
|
|
|
Share data |
|
|
|
|
|
|
|
NAV per outstanding share |
CHF |
44.38 |
43.48 |
39.69 |
36.54 |
38.70 |
|
NAV per outstanding share not including deferred tax with regard to investment properties |
CHF |
55.91 |
54.85 |
52.93 |
49.17 |
51.04 |
|
Earnings per share (basic/diluted) |
CHF |
4.49 |
3.88 |
4.16 |
2.64 |
2.49 |
|
Gross dividend 2) |
CHF |
2.35 |
2.35 |
|
|
|
|
Dividend yield 2) |
|
3.8% |
4.1% |
|
|
|
|
Payout ratio 2) |
|
52.4% |
68.0% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2017 |
2016 |
2015 |
2014 |
2013 |
|
Share price |
|
|
|
|
|
|
|
Share price – high |
CHF |
64.95 |
61.95 |
|
|
|
|
Share price – low |
CHF |
55.40 |
53.00 |
|
|
|
|
Share price at end of period |
CHF |
62.65 |
57.00 |
|
|
|
|
Average number of shares traded per day |
|
5,562 |
9,094 |
|
|
|
|
Market capitalisation at end of period |
CHF 1,000 |
801,920 |
729,600 |
|
|
|
1) In order to enhance comparability, the number of shares as of 31.12.2015, 31.12.2014 and 31.12.2013 reflect the number of shares of Investis Holding SA when it was incorporated on 7 June 2016. The number of shares of Investis Investments SA (formerly Investis Holding SA) amounted to 1,000,000 shares.
2) Intended distribution per share 2017 in accordance with the proposal to the Annual General Meeting of 20 April 2018.