Real Estate at a glance
2019 31.12.2019 | * | 2018 31.12.2018 | * | Change | ||||
Yield-producing properties | ||||||||
Residential real estate on cut-off date | number | 21 | 21 | 0 | ||||
Commercial real estate on cut-off date | number | 43 | 44 | –1 | ||||
Market value on cut-off date | CHF million | 4 276.3 | 4 136.62 | 3.4 | ||||
Rental income from investment real estate | CHF million | 204.4 | 194.8 | 4.9 | ||||
Vacancy rate3 | % | 2.2 | 2.0 | 0.2 | ||||
Real estate expenses | CHF million | –27.6 | –22.6 | 22.1 | ||||
Real estate expenses | in % of | 13.5 | 11.6 | 1.9 | ||||
Gross yield4 | % | 5.0 | 5.0 | 0.0 | ||||
Net yield5 | % | 4.3 | 4.4 | –0.1 | ||||
Investment real estate under construction | ||||||||
Buildings on cut-off date | number | 2 | 2 | 0 | ||||
Market value on cut-off date | CHF million | 99.6 | 58.1 | 71.4 | ||||
Investment volume | CHF million | 116.9 | 120.1 | –2.7 | ||||
Development real estate | ||||||||
Book value development reserves on cut-off date | CHF million | 134.9 | 136.2 | –1.0 | ||||
Estimated investment volume development reserves | CHF million | 451.1 | 464.0 | –2.1 | ||||
Book value buildings under construction on cut-off date | CHF million | 31.9 | 11.4 | 179.8 | ||||
Estimated investment volume buildings under construction | CHF million | 74.0 | 55.0 | 34.5 | ||||
Book value completed real estate on cut-off date | CHF million | 0.4 | 0.0 | – |
* Should no further particulars be given, values referring to the income statement concern the full year and balance sheet value the cut-off dates 31.12.2019 resp. 31.12.2018
1 Changes in quantum and percentage values are shown as absolute difference
2 Market value as at 01.01.2019, including initial application of IFRS 16
3 in percent of targeted rental income, cumulated at cut-off date
4 Rental income from investment real estate in percent of continued market value as at 01.01., without rights of use investment real estate
5 Rental profit from investment real estate in percent of continued market value as at 01.01., without rights of use investment real estate
Real Estate at a glance (Charts)