Real estate at a glance
1st half-year 2018 | 1st half-year2017 | Change in %1 | ||||||
Yield-producing properties | ||||||||
Residential real estate | number | 20 | 20 | 0 | ||||
Commercial real estate | number | 43 | 43 | 0 | ||||
Market value on cut-off date | CHF million | 3 901.9 | 3 931.2 | –0.7 | ||||
Rental income from investment real estate | CHF million | 97.9 | 87.5 | +11.9 | ||||
Vacancy rate2 | % | 2.0 | 2.9 | –0.9 | ||||
Real estate expenses | CHF million | –8.9 | –11.1 | –19.8 | ||||
Real estate expenses | in % of rental income | 9.1 | 12.7 | –3.6 | ||||
Gross yield3 | % | 5.0 | 5.0 | 0.0 | ||||
Net yield4 | % | 4.5 | 4.4 | +0.1 | ||||
Real estate under construction | ||||||||
Buildings | number | 3 | 1 | +2 | ||||
Market value on cut-off date | CHF million | 83.0 | 25.4 | +226.8 | ||||
Investment volume | CHF million | 157.4 | 38.5 | +308.8 | ||||
Investment real estate for development | ||||||||
Book value development reserves on cut-off date | CHF million | 93.0 | 78.3 | +18.8 | ||||
Estimated investment volume development reserves | CHF million | 417.0 | 427.0 | –2.3 | ||||
Book value buildings under construction on cut-off date | CHF million | 21.8 | 29.9 | –27.1 | ||||
Estimated investment volume buildings under construction | CHF million | 55.0 | 71.0 | –22.5 | ||||
Book value completed real estate on cut-off date | CHF million | 2.0 | 8.2 | –75.6 |
* 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 30.06.2018 or as at 31.12.2017
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