Real estate at a glance
2017 | * | 2016 | * | Change | ||||
Yield-producing properties | ||||||||
Residential real estate | number | 20 | 20 | – | ||||
Commercial real estate | number | 43 | 39 | +4 | ||||
Market value on cut-off date | CHF million | 3 931.2 | 3 505.0 | +12.2 | ||||
Rental income from investment real estate | CHF million | 179.2 | 173.3 | +3.4 | ||||
Vacancy rate2 | % | 2.6 | 5.1 | –2.5 | ||||
Real estate expenses | CHF million | –24.6 | –24.4 | +0.8 | ||||
Real estate expenses | in % of | 13.7 | 14.1 | –0.4 | ||||
Gross yield3 | % | 5.0 | 5.1 | –0.1 | ||||
Net yield4 | % | 4.3 | 4.4 | –0.1 | ||||
Investment real estate under construction | ||||||||
Buildings | number | 1 | 2 | –1 | ||||
Market value on cut-off date | CHF million | 25.4 | 69.5 | –63.5 | ||||
Investment volume | CHF million | 38.5 | 113.0 | –65.9 | ||||
Development real estate | ||||||||
Book value development reserves on cut-off date | CHF million | 78.3 | 101.6 | –22.9 | ||||
Estimated investment volume development reserves | CHF million | 427.0 | 615.0 | –30.6 | ||||
Book value buildings under construction on cut-off date | CHF million | 29.9 | 8.3 | +260.2 | ||||
Estimated investment volume buildings under construction | CHF million | 71.0 | 16.0 | +343.8 | ||||
Book value completed real estate on cut-off date | CHF million | 8.2 | 55.8 | –85.3 |
*Should no further particulars be given, values referring to the income statement concern the full year and balance sheet value the cut-off dates 31.12.2017 resp. 31.12.2016
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
Key figures (Charts)