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 31.12.2020 31.12.2019
Property income 59,738 61,359
Revaluation of properties 27,002 −16,803
Earnings before interest, taxes, depreciation and amortisation (EBITDA) 70,254 −38,410
Net income 55,159 –70,749
Cash flow from operating activities 16,397 3'389
Cash flow from operating activities excl. promotion projects 10,270 3,389
in TCHF 31.12.2020 31.12.2019
Cash and cash equivalents 19,706 23,933
Shareholders' equity 761,122 672,085
Equity ratio 45.0% 41.3%
LTV ratio 48.7% 51.4%
Balance sheet total 1,691,378 1,628,641
Employee headcount 85 107
− thereof real estate 58 51
− thereof Pratteln site 15 23
− thereof Cloud Services - 20
− thereof Jaeger et Bosshard SA 12 13

Portfolio key figures

in TCHF 31.12.2020 31.12.2019
Real estate portfolio 1,637,844 1,571,676
Yielding portfolio 1,025,765 1,053,441
Property development portfolio 612,079 518,235
Real estate portfolio (number of real estate properties) 116 116
Number of redevelopment properties 45 45
Investments in real estate 75'508 103,516
Annualised rental income (in CHF million) 60.0 59.4
Vacancy rate total portfolio 13.2% 16.2%
− Vacancy rate yielding properties 13.0% 16.6%
− Vacancy rate redevelopment properties 13.7% 13.7%

EPRA key figures

in TCHF 31.12.2020 31.12.2019
EPRA Earnings 26,810 −70,541
EPRA Earnings per share 3.31 −8.82
Company specific Adjusted Earnings 31,624 −609
Company specific Adjusted EPS 3.91 −0.08
EPRA NRV 850,223 756,463
EPRA NRV per share 105.08 94.60
EPRA NTA 830,901 740,838
EPRA NTA per share 102.69 92.65
EPRA NDV 761,122 672,085
EPRA NDV per share 94.07 84.05
EPRA vacancy rate 13.17% 16.21%

Key figures per share

in CHF 31.12.2020 31.12.2019
Earnings per share (EPS) 6.82 −8.85
Dividends payout¹ 2.30 -
Payout ratio² 59.6% -
Cash yield 2.10% -
in CHF 31.12.2020 31.12.2019
Eigenkapital (NAV) pro ausstehende Aktie vor latenten Steuern 99.43 92.60
Eigentkapital (NAV) pro ausstehende Aktie nach latenten Steuern 90.72 84.01

1    Proposal to the Annual General Meeting on 22 April 2021 for the financial year 2020: 50% distribution from reserves from capital contributions.
2    Payout per share in relation to group profit less change in value from revaluation of properties and deferred taxes from the reporting year.