Real estate at a glance

    

1st half-year 2020
as at 30.06.2020*

  

1st half-year 2019
as at 31.12.2019*

  

Change
in %1

Yield-producing properties

         

Residential real estate on cut-off date

  

number

  

21

  

21

 

0

Commercial real estate on cut-off date

  

number

  

43

  

43

 

0

Market value on cut-off date

  

CHF million

  

4 257.3

 

4 242.4

 

0.4

Rental income from investment real estate

  

CHF million

  

100.1

 

101.9

 

–1.8

Vacancy rate2

  

%

  

1.5

 

1.9

 

–0.4

Real estate expenses

  

CHF million

  

–13.2

  

–11.4

  

15.8

Real estate expenses

  

in % of rental income

  

13.2

 

11.2

 

2.0

Gross yield3

  

%

  

4.7

  

5.0

 

–0.3

Net yield4

  

%

  

4.1

  

4.4

 

–0.3

Investment real estate under construction

         

Buildings on cut-off date

  

number

  

2

  

2

 

0

Market value on cut-off date

  

CHF million

  

134.6

  

99.6

 

35.1

Development real estate

         

Book value of development reserves on cut-off date

  

CHF million

  

146.0

  

134.9

  

8.2

Estimated investment volume development reserves

  

CHF million

  

454.1

  

454.1

 

0.0

Book value buildings under construction on cut-off date

  

CHF million

  

38.9

  

31.9

  

21.9

Estimated investment volume of buildings under construction

  

CHF million

  

74.0

  

74.0

 

0.0

Book value completed real estate on cut-off date

  

CHF million

  

0.0

  

0.4

  

–

* Should no further particulars be given, values referring to the income statement concern the first half-year, and balance sheet values the cut-off date on 30.06.2020 or as at 31.12.2019. The consolidated half-year financial statements 2020 were prepared in accordance with Swiss GAAP FER for the first time. The previous year’s figures have been restated accordingly. The presentation of alternative performance measures can be found at www.allreal.ch

1 Changes in quantum and percentage values are shown as absolute difference

2 In percent of target rental income, cumulative as at cut-off date

3 Rental income from investment real estate in percent of continued market value of yield-producing properties as at 1 January

4 Rental profit from investment real estate in percent of continued market value of yield-producing properties as at 1 January

Charts Key figures