5-YEAR-REVIEW
5-YEAR REVIEW
|
OPERATING RESULTS |
|
|
|
|
|
|
CHF 1,000 |
2021 |
2020 |
2019 |
2018 |
2017 |
|
Properties |
|
|
|
|
|
|
Revenue |
60,022 |
57,869 |
56,980 |
54,983 |
47,492 |
|
EBITDA before revaluations/disposals 1) |
39,978 |
37,226 |
37,768 |
34,953 |
32,394 |
|
EBIT |
225,117 |
130,593 |
102,549 |
71,864 |
58,039 |
|
|
|
|
|
|
|
|
Real Estate Services |
|
|
|
|
|
|
Revenue |
159,850 |
124,605 |
135,967 |
147,832 |
147,637 |
|
of which property management |
38% |
48% |
51% |
54% |
53% |
|
of which facility services |
62% |
52% |
48% |
46% |
46% |
|
EBIT |
14,895 |
10,763 |
11,489 |
7,701 |
7,839 |
|
EBIT margin |
9.3% |
8.6% |
8.4% |
5.2% |
5.3% |
|
|
|
|
|
|
|
|
Investis Group |
|
|
|
|
|
|
Revenue |
215,997 |
178,689 |
187,509 |
197,491 |
189,987 |
|
EBITDA before revaluations/disposals 1) |
53,673 |
45,523 |
46,665 |
39,724 |
37,311 |
|
EBIT |
235,081 |
136,216 |
127,159 |
74,575 |
60,871 |
|
EBIT margin |
108.8% |
76.2% |
67.8% |
37.8% |
32.0% |
|
Net profit |
200,680 |
113,596 |
172,825 |
54,376 |
57,604 |
|
Net profit excluding revaluation effect 1) |
41,303 |
45,083 |
69,535 |
35,576 |
26,789 |
|
Funds from operations (FFO) 1) |
34,349 |
37,423 |
16,093 |
61,145 |
29,460 |
|
|
|
|
|
|
|
|
FINANCIAL POSITION |
|
|
|
|
|
|
CHF 1,000 |
31.12.2021 |
31.12.2020 |
31.12.2019 |
31.12.2018 |
31.12.2017 |
|
Cash and cash equivalents |
4,805 |
14,654 |
65,830 |
33,245 |
50,539 |
|
Residential investment properties |
1,605,772 |
1,365,595 |
1,260,330 |
1,146,271 |
940,629 |
|
Commercial investment properties |
111,993 |
75,153 |
127,713 |
102,729 |
127,784 |
|
Investment properties under construction |
263 |
27,706 |
8,765 |
25,073 |
14,826 |
|
Undeveloped plots of land |
- |
- |
- |
1,673 |
1,673 |
|
Properties held for sale |
16,904 |
21,501 |
40,965 |
69,476 |
35,805 |
|
Total property portfolio |
1,734,932 |
1,489,955 |
1,437,774 |
1,345,221 |
1,120,717 |
|
Total assets |
1,820,537 |
1,555,986 |
1,565,564 |
1,423,653 |
1,238,222 |
|
|
|
|
|
|
|
|
Shareholdersʼ equity |
967,978 |
821,952 |
739,981 |
588,511 |
568,989 |
|
Equity ratio |
53.2% |
52.8% |
47.3% |
41.3% |
46.0% |
|
Bonds and mortgages |
648,500 |
560,000 |
660,000 |
545,631 |
436,357 |
|
Gross LTV 1) |
37% |
38% |
46% |
41% |
39% |
|
Deferred tax liabilities |
164,634 |
137,752 |
127,197 |
177,639 |
154,977 |
|
PROPERTIES KEY FIGURES |
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|
|
|
|
|
CHF million |
31.12.2021 |
31.12.2020 |
31.12.2019 |
31.12.2018 |
31.12.2017 |
|
Gross rental income |
64.2 |
58.6 |
61.2 |
57.7 |
51.5 |
|
Net rental income |
62.8 |
56.8 |
59.2 |
56.0 |
49.6 |
|
Average discount rate (real) |
2.84% |
3.15% |
3.43% |
3.49% |
3.62% |
|
Vacancy rate |
2.2% |
3.0% |
3.2% |
2.9% |
3.5% |
|
|
|
|
|
|
|
|
NUMBER OF EMPLOYEES |
|
|
|
|
|
|
|
2021 |
2020 |
2019 |
2018 |
2017 |
|
Headcount (as at period end) |
2,299 |
1,321 |
1,229 |
1,391 |
1,420 |
|
FTE (full-time equivalent, average over the period) |
1,440 |
1,034 |
1,081 |
1,169 |
1,143 |
|
|
|
|
|
|
|
|
DATA PER SHARE |
|
|
|
|
|
|
CHF |
31.12.2021 |
31.12.2020 |
31.12.2019 |
31.12.2018 |
31.12.2017 |
|
Share data |
|
|
|
|
|
|
Share capital |
1,280,000 |
1,280,000 |
1,280,000 |
1,280,000 |
1,280,000 |
|
Number of registered shares issued |
12,800,000 |
12,800,000 |
12,800,000 |
12,800,000 |
12,800,000 |
|
Nominal value per share |
0.10 |
0.10 |
0.10 |
0.10 |
0.10 |
|
|
|
|
|
|
|
|
NAV per share 1) |
75.89 |
64.49 |
58.12 |
46.24 |
44.44 |
|
NAV per share excluding deferred taxes with regard to properties 1) |
88.73 |
75.22 |
68.06 |
60.05 |
56.00 |
|
Earnings per share (basic/diluted) |
15.74 |
8.91 |
13.59 |
4.27 |
4.49 |
|
Gross dividend per share 2) |
2.50 |
2.50 |
2.35 |
2.35 |
2.35 |
|
Dividend yield 1, 2) |
2.4% |
2.7% |
2.9% |
3.8% |
3.8% |
|
Payout ratio 1, 2) |
16.0% |
28.2% |
17.4% |
55.4% |
52.4% |
|
|
|
|
|
|
|
|
CHF |
2021 |
2020 |
2019 |
2018 |
2017 |
|
Share price |
|
|
|
|
|
|
Share price – high |
109.00 |
91.60 |
81.60 |
67.80 |
64.95 |
|
Share price – low |
86.00 |
70.20 |
60.20 |
56.60 |
55.40 |
|
Share price at end of period |
104.50 |
91.40 |
81.20 |
61.80 |
62.65 |
|
Average number of shares traded per day |
2,981 |
2,488 |
4,497 |
1,762 |
5,562 |
|
Market capitalisation at end of period (million) |
1,338 |
1,170 |
1,039 |
791 |
802 |
1) The section “Alternative Performance Measures” includes definitions of performance measures that are not defined under Swiss GAAP FER.
2) Intended distribution in accordance with the proposal to the Annual General Meeting of 3 May 2022.