Swiss Life Asset Management AG
Swiss Life REF (CH) ESG Swiss Properties: closing of the 2021/2022 financial year with significant growth and low vacancy level
Swiss Life Asset Management AG / Key word(s): Annual Results/Funds Zurich, 24 November 2022 Swiss Life REF (CH) ESG Swiss Properties: closing of the 2021/2022 financial year with significant growth and low vacancy level The real estate fund’s successful growth trajectory continued in the 2021/2022 financial year. The newly acquired 17 properties were integrated and the already low vacancy rate of the entire portfolio was again significantly reduced to a low level of 2.3% (previous year 2020/2021: 3.2%). Combined with the portfolio growth this resulted in a significant 22% rise in rental income to CHF 83.9 million (previous year 2020/2021: CHF 68.7 million). The Swiss Life REF (CH) ESG Swiss Properties real estate fund holds a real estate portfolio diversified throughout Switzerland totalling 151 properties with a market value of around CHF 2345 million (as at 30 September 2022). The properties in the portfolio throughout the entire reporting period developed positively overall by CHF 51.6 million, or 1.4% (net, after deduction of investments). This once again demonstrates the quality of the good core portfolio and the high demand for residential use. The net asset value per unit (incl. distribution) thus also increased by 2.0% to CHF 115.60 (previous year 2020/2021: CHF 113.36). Portfolio development and performance Overall, the profit realised in the 2021/2022 financial year came to CHF 52.2 million. Investors will receive a total distribution of CHF 42.1 million (80.7%) respectively CHF 2.60 per unit. This corresponds to a yield on distribution based on the exchange price of 2.11% (as at 30 September 2022), or 2.25% based on the NAV. In a difficult market and interest rate environment, the quotation fell by -9.59% during the reporting period, even though it was well below the market for listed real estate funds (SXI Real Estate® Funds Broad TR: -16.08%). As a result of portfolio growth, the management fee of LIVIT Ltd. was reduced as of 1 October 2021 from 4.0% to 3.8% of actual rental income. In addition, the management fee will be reduced from 0.62% to 0.60% of the total fund assets as of 1 January 2023. Responsible investment Further information on the fund is available at the following link. Information Media Relations Investor Relations
Swiss Life Asset Managers As at 30 June 2022 assets under management for third-party clients amount to CHF 99.7 billion. Together with insurance mandates for the Swiss Life Group, total assets under management at Swiss Life Asset Managers stood at CHF 249.9 billion. Swiss Life Asset Managers is a leading real estate manager in Europe1. Of the assets totalling CHF 249.9 billion, CHF 88.0 billion is invested in real estate. In addition, Swiss Life Asset Managers, in cooperation with LIVIT Ltd., manages real estate totalling CHF 28.5 billion in value. Total real estate under management and administration at the end of June 2022 thus came to CHF 116.5 billion. Swiss Life Asset Managers employs more than 2500 people in Europe. Self-determined Life 1 INREV Fund Manager Survey 2022 (AuM as of 31.12.2021) Disclaimer Additional features: File: Media Release (PDF) End of Inside Information |
Language: | English |
Company: | Swiss Life Asset Management AG |
General-Guisan-Quai 40 | |
8022 Zürich | |
Switzerland | |
Phone: | +41 43 284 41 89 |
E-mail: | sl-am-communication@swisslife-am.com |
Internet: | www.swisslife-am.com |
ISIN: | CH0293784861 |
Valor: | 29378486 |
Listed: | SIX Swiss Exchange |
EQS News ID: | 1493477 |
End of Announcement | EQS News Service |