Real estate at a glance
1st half-year 2019 | 1st half-year2018 | Change in %1 | ||||||
Yield-producing properties | ||||||||
Residential real estate | number | 21 | 21 | 0 | ||||
Commercial real estate | number | 44 | 44 | 0 | ||||
Market value on cut-off date | CHF million | 4 163.8 | 4 136.62 | 0.7 | ||||
Rental income from investment real estate | CHF million | 102.6 | 97.9 | 4.8 | ||||
Vacancy rate3 | % | 1.9 | 2.0 | –0.1 | ||||
Real estate expenses | CHF million | –11.4 | –8.9 | 28.1 | ||||
Real estate expenses | in % of rental income | 11.1 | 9.1 | 2.0 | ||||
Gross yield4 | % | 5.0 | 5.0 | 0.0 | ||||
Net yield5 | % | 4.5 | 4.5 | 0.0 | ||||
Real estate under construction | ||||||||
Buildings | number | 2 | 2 | 0 | ||||
Market value on cut-off date | CHF million | 73.7 | 58.1 | 26.9 | ||||
Investment volume | CHF million | 117.5 | 120.1 | –2.2 | ||||
Investment real estate for development | ||||||||
Book value development reserves on cut-off date | CHF million | 138.5 | 136.2 | 1.6 | ||||
Estimated investment volume development reserves | CHF million | 462.0 | 464.0 | –0.4 | ||||
Book value buildings under construction on cut-off date | CHF million | 18.0 | 11.4 | 57.0 | ||||
Estimated investment volume buildings under construction | CHF million | 72.0 | 55.0 | 30.9 |
* 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 30.06.2019 or as at 31.12.2018
1 Changes in quantum and percentage values are shown as absolute difference
2 Market value as at 01.01.2019 including first adoption 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 1 January, without right-of-use investment real estate
5 Rental profit from investment real estate in percent of continued market value as at 1 January, without right-of-use investment real estate
Charts Key figures