Real estate at a glance
2016 31.12.2016* | 2015 31.12.2015* | Change in %1 | |||||
Yield-producing properties | |||||||
Residential real estate | number | 20 | 19 | +1 | |||
Commercial real estate | number | 39 | 43 | –4 | |||
Market value on cut-off date | CHF million | 3 505.0 | 3 475.3 | +0.9 | |||
Rental income from investment real estate | CHF million | 173.3 | 174.9 | –0.9 | |||
Vacancy rate2 | % | 5.1 | 7.5 | –2.4 | |||
Real estate expenses | CHF million | –24.4 | –31.8 | –23.3 | |||
Real estate expenses | in % of rental income | 14.1 | 18.2 | –4.1 | |||
Gross yield3 | % | 5.1 | 5.1 | – | |||
Net yield4 | % | 4.4 | 4.2 | +0.2 | |||
Investment real estate under construction | |||||||
Buildings | number | 2 | 2 | – | |||
Market value on cut-off date | CHF million | 69.5 | 49.9 | +39.3 | |||
Investment volume | CHF million | 113.0 | 96.0 | +17.7 | |||
Development real estate | |||||||
Book value development reserves on cut-off date | CHF million | 101.6 | 71.4 | +42.3 | |||
Estimated investment volume development reserves | CHF million | 615.0 | 637.0 | –3.5 | |||
Book value buildings under construction on cut-off date | CHF million | 8.3 | 171.4 | –95.2 | |||
Estimated investment volume buildings under construction | CHF million | 16.0 | 268.0 | –94.0 | |||
Book value completed real estate on cut-off date | CHF million | 55.8 | 52.7 | +5.9 |
* Should no further particulars be given, values referring to the income statement concern the full year and balance sheet value the cut-off dates 31.12.2016 resp. 31.12.2015
1 Changes in quantum and percentage values are shown as absolute difference
2 In percent of targeted rental income, cumulated at cut-off date
3 Rental income from investment real estate in percent of continued market value as at 1 January
4 Rental profit from investment real estate in percent of continued market value as at 1 January