Real estate at a glance
1st half-year 2017 | 1st half-year 2016 | Change in %1 | ||||||
Yield-producing properties | ||||||||
Residential real estate | number | 20 | 20 | 0 | ||||
Commercial real estate | number | 38 | 39 | –1 | ||||
Market value on cut-off date | CHF million | 3 499.5 | 3 505.0 | –0.2 | ||||
Rental income from investment real estate | CHF million | 87.5 | 86.5 | +1.2 | ||||
Vacancy rate2 | % | 2.9 | 6.2 | –3.3 | ||||
Real estate expenses | CHF million | –11.1 | –11.5 | –3.5 | ||||
Real estate expenses | in % of rental income | 12.7 | 13.3 | –0.6 | ||||
Gross yield3 | % | 5.0 | 5.2 | –0.2 | ||||
Net yield4 | % | 4.4 | 4.3 | +0.1 | ||||
Real estate under construction | ||||||||
Buildings | number | 2 | 2 | 0 | ||||
Market value on cut-off date | CHF million | 94.5 | 69.5 | +36.0 | ||||
Investment volume | CHF million | 113.0 | 113.0 | 0.0 | ||||
Investment real estate for development | ||||||||
Book value development reserves on cut-off date | CHF million | 97.2 | 101.6 | –4.3 | ||||
Estimated investment volume development reserves | CHF million | 482.0 | 615.0 | –21.6 | ||||
Book value buildings under construction on cut-off date | CHF million | 10.5 | 8.3 | +26.5 | ||||
Estimated investment volume buildings under construction | CHF million | 16.0 | 16.0 | 0.0 | ||||
Book value completed real estate on cut-off date | CHF million | 25.9 | 55.8 | –53.6 |
* Should no further particulars be given, values referring to the income statement concern the 1st half-year and balance sheet value the cut-off dates on 30.06.2017 or as at 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