EPRA net yield from rental income

CHF million

   

31.12.2016

  

31.12.2015
      

Owned investment real estate

   

3 574.5

  

3 525.2

Investment real estate in joint ventures/funds

   

–

  

–

Development real estate

  

165.7

  

295.5

Less development real estate and investment real estate under construction

   

–235.2

  

–345.4

Market value of yield-producing properties

   

3 505.0

  

3 475.3

Annualised actual rental income

   

181.5

  

177.4

Direct expenses for investment real estate

   

–30.9

  

–30.2

Annualised net rental income

   

150.6

  

147.2

Plus expected additional rental income after expiry of rental discounts

   

2.6

  

2.6

Topped-up annualised net rental income

   

153.2

  

149.8

EPRA net yield from rental income

   

4.3%

  

4.2%

EPRA topped-up net yield from rental income

   

4.4%

  

4.3%