Financial Report

Real estate portfolio, Property income, Adjusted EPRA Earnings

Real estate portfolio in TCHF

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Property income in TCHF

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Adjusted EPRA Earnings

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Key financial figures

in TCHF 31.12.2019 31.12.2018
Property income 63,034 58’242
Revaluation of properties – 16,803 76’439
Earnings before interest, taxes, depreciation and amortisation (EBITDA) – 38,410 104’332
Net income – 70,749 60’949
Cash and cash equivalents 23,933 34’531
Shareholders’ equity 672,085 784’863
Equity ratio 41.3% 49.1%
LTV ratio 51.4% 43.4%
Balance sheet total 1,628,641 1’598’935
Cash flow from operating activities incl. sales promotion 15,172 40’122
Employee headcount 107 62
– thereof real estate 51 48
– thereof Pratteln site 23 0
– thereof cloud services 20 14
– thereof Jaeger et Bosshard SA 13 0

Portfolio key figures

in TCHF 31.12.2019 31.12.2018
Real estate portfolio 1’571’676 1’488’191
Yielding portfolio 1,053,441 1’027’868
Property development portfolio 518,235 460’323
Real estate portfolio (number of real estate properties) 116 114
Number of redevelopment properties 45 45
Investments in real estate 103,516 158’773
Annualised rental income (in CHF million) 59.4 60.9
Vacancy rate for investment properties 14.4% 12.1%
Vacancy rate for investment properties
undergoing repositioning¹
40.9% 39.7%
Vacancy rate for redevelopment properties 13.7% 13.6%
  1. Properties Mandachstrasse 50 – 56 ZH and Sternenfeldpark 14 BL

EPRA key figures

in TCHF 31.12.2019 31.12.2018
Adjusted EPRA Earnings (excl. HIAG Data & Jaeger et Bosshard contribution) 608 34’176
EPRA NAV 741’923 867’054
Equity ratio according to EPRA NAV 45.6% 54.2%
EPRA vacancy rate 16.6% 14.4%
Adjusted EPRA vacancy rate
(excl. investment properties undergoing repositioning)¹
14.4% 12.1%
  1. Properties Mandachstrasse 50 – 56 ZH and Sternenfeldpark 14 BL

Key figures per share

in CHF 31.12.2019 31.12.2018
Earning/loss per share (EPS) −8.85 7.60
Dividends payout¹ - 3.90
Payout ratio - 144.69%
Cash yield - 3.35%
  1. The Board of Directors has decided to propose to the Annual General Meeting on 23 April 2020 that no dividend be paid for the financial year 2019.