5-Year Review
|
Operating results |
|
2018 |
2017 |
2016 |
2015 |
2014 |
|
Properties |
|
|
|
|
|
|
|
Revenue |
CHF 1,000 |
54,983 |
47,492 |
41,852 |
40,760 |
40,884 |
|
EBITDA before revaluations/disposals |
CHF 1,000 |
34,953 |
32,394 |
27,293 |
25,011 |
26,802 |
|
EBIT |
CHF 1,000 |
71,864 |
58,039 |
76,679 |
56,906 |
37,331 |
|
|
|
|
|
|
|
|
|
Real Estate Services |
|
|
|
|
|
|
|
Revenue |
CHF 1,000 |
147,832 |
147,637 |
136,094 |
131,256 |
61,100 |
|
Of which property management |
|
54% |
53% |
56% |
55% |
58% |
|
Of which facility services |
|
46% |
46% |
32% |
31% |
25% |
|
EBIT |
CHF 1,000 |
7,701 |
7,839 |
3,892 |
6,201 |
4,899 |
|
EBIT margin |
|
5.2% |
5.3% |
2.9% |
4.7% |
8.0% |
|
|
|
|
|
|
|
|
|
Investis Group |
|
|
|
|
|
|
|
Revenue |
CHF 1,000 |
197,491 |
189,987 |
161,916 |
157,371 |
91,796 |
|
EBITDA before revaluations/disposals |
CHF 1,000 |
39,724 |
37,311 |
28,695 |
29,886 |
31,381 |
|
EBIT |
CHF 1,000 |
74,575 |
60,871 |
76,369 |
60,208 |
41,199 |
|
EBIT margin |
|
37.8% |
32.0% |
47.2% |
38.3% |
44.9% |
|
Net profit |
CHF 1,000 |
54,376 |
57,604 |
45,077 |
44,569 |
27,768 |
|
Net profit excluding revaluation effect |
CHF 1,000 |
35,576 |
26,789 |
9,419 |
18,187 |
19,882 |
|
Funds from operations (FFO) 1) |
CHF 1,000 |
61,145 |
29,460 |
17,844 |
20,483 |
22,598 |
|
|
|
|
|
|
|
|
|
Financial position |
|
31.12.2018 |
31.12.2017 |
31.12.2016 |
31.12.2015 |
31.12.2014 |
|
Cash and cash equivalents |
CHF 1,000 |
33,245 |
50,539 |
52,940 |
47,983 |
53,344 |
|
Residential investment properties |
CHF 1,000 |
1,146,271 |
940,629 |
841,961 |
745,866 |
723,161 |
|
Commercial investment properties |
CHF 1,000 |
102,729 |
127,784 |
113,129 |
81,045 |
63,575 |
|
Investment properties under construction |
CHF 1,000 |
25,073 |
14,826 |
64 |
3,507 |
1,025 |
|
Undeveloped plots of land |
CHF 1,000 |
1,673 |
1,673 |
7,328 |
12,235 |
12,085 |
|
Properties held for sale |
CHF 1,000 |
69,476 |
35,805 |
18,141 |
14,116 |
9,805 |
|
Total property portfolio |
CHF 1,000 |
1,345,221 |
1,120,717 |
980,622 |
856,769 |
809,651 |
|
Total assets |
CHF 1,000 |
1,423,653 |
1,238,222 |
1,099,750 |
984,451 |
935,085 |
|
|
|
|
|
|
|
|
|
Shareholdersʼ equity |
CHF 1,000 |
588,511 |
568,989 |
557,570 |
427,411 |
393,728 |
|
Equity ratio |
|
41.3% |
46.0% |
50.7% |
43.4% |
42.1% |
|
Mortgages and bonds |
CHF 1,000 |
545,631 |
436,357 |
325,572 |
336,105 |
310,176 |
|
Gross LTV |
|
41% |
39% |
33% |
39% |
38% |
|
Deferred tax liabilities |
CHF 1,000 |
177,639 |
154,977 |
145,579 |
132,539 |
126,374 |
|
|
|
|
|
|
|
|
|
Average discount rate |
|
3.49% |
3.62% |
3.71% |
4.04% |
|
|
Annualised full occupancy property rent |
CHF million |
57.7 |
51.5 |
46.9 |
41.2 |
|
|
Annualised property rent |
CHF million |
56.0 |
49.6 |
45.2 |
39.8 |
|
|
Vacancy rate |
|
2.9% |
3.5% |
3.7% |
3.3% |
|
|
|
|
|
|
|
|
|
|
Number of employees |
|
2018 |
2017 |
2016 |
2015 |
2014 |
|
Headcount (as at period end) |
|
1,391 |
1,420 |
1,146 |
1,082 |
1,046 |
|
FTE (full-time equivalent, average over the period) |
|
1,169 |
1,143 |
902 |
855 |
364 |
|
|
|
|
|
|
|
|
|
Data per share |
|
31.12.2018 |
31.12.2017 |
31.12.2016 |
31.12.2015 2) |
31.12.2014 2) |
|
Share ratios |
|
|
|
|
|
|
|
Share capital |
CHF 1,000 |
1,280 |
1,280 |
1,280 |
1,000 |
1,000 |
|
Number of registered shares issued |
|
12,800,000 |
12,800,000 |
12,800,000 |
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 share |
CHF |
45.89 |
44.38 |
43.48 |
39.69 |
36.54 |
|
NAV per share excluding deferred taxes with regard to properties |
CHF |
59.59 |
55.91 |
54.85 |
52.93 |
49.17 |
|
Earnings per share (basic/diluted) |
CHF |
4.27 |
4.49 |
3.88 |
4.16 |
2.64 |
|
Gross dividend 3) |
CHF |
2.35 |
2.35 |
2.35 |
|
|
|
Dividend yield 3) |
|
3.8% |
3.8% |
4.1% |
|
|
|
Payout ratio 3) |
|
55.4% |
52.4% |
68.0% |
|
|
|
|
|
|
|
|
|
|
|
|
|
2018 |
2017 |
2016 |
2015 |
2014 |
|
Share price |
|
|
|
|
|
|
|
Share price – high |
CHF |
67.80 |
64.95 |
61.95 |
|
|
|
Share price – low |
CHF |
56.60 |
55.40 |
53.00 |
|
|
|
Share price at end of period |
CHF |
61.80 |
62.65 |
57.00 |
|
|
|
Average number of shares traded per day |
|
1,762 |
5,562 |
9,094 |
|
|
|
Market capitalisation at end of period |
CHF 1,000 |
791,040 |
801,920 |
729,600 |
|
|
1) FFO is defined as cash flow from operating activities + investments in properties held for sale + interest received less interest paid.
2) In order to enhance comparability, the number of shares as of 31.12.2015 and 31.12.2014 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.
3) Intended distribution per share 2018 in accordance with the proposal to the Annual General Meeting of 29 April 2019.