Real estate at a glance
|
|
| 1st half-year |
| 1st half-year 2011 or |
| Change |
| |||||||
Yield-producing properties |
|
|
|
|
|
|
|
Commercial real estate | number |
| 45 |
| 46 |
| –1 |
Residential real estate | number |
| 19 |
| 19 |
| – |
| |||||||
Market value on cut-off date | CHF million |
| 2 524.7 |
| 2 529.2 |
| –0.2 |
Average market value by object | CHF million |
| 39.4 |
| 38.9 |
| +1.3 |
| |||||||
Rental income | CHF million |
| 71.8 |
| 69.8 |
| +2.9 |
Vacancy rate [2] | % |
| 4.9 |
| 4.6 |
| +0.3 |
Real estate expenses | CHF million |
| -9.7 |
| -8.5 |
| +14.1 |
Real estate expenses | in % of rental income |
| 13.5 |
| 12.2 |
| +1.3 |
| |||||||
Gross yield [3] | % |
| 5.7 |
| 6.2 |
| –0.5 |
Net yield [4] | % |
| 4.9 |
| 5.1 |
| –0.2 |
| |||||||
Investment real estate under construction |
|
|
|
|
|
|
|
Buildings | number |
| 6 |
| 5 |
| +1 |
Market value on cut-off date | CHF million |
| 522.1 |
| 421.8 |
| +23.8 |
Investment volume | CHF million |
| 900.0 |
| 835.0 |
| +7.8 |
| |||||||
Real estate for development |
|
|
|
|
|
|
|
Cost value land reserves on cut-off date | CHF million |
| 148.4 |
| 226.3 |
| –34.4 |
Estimated investment volume land reserves | CHF million |
| 736.0 |
| 992.0 |
| –25.8 |
| |||||||
Cost value buildings under construction on cut-off date | CHF million |
| 360.5 |
| 306.7 |
| +17.5 |
Estimated investment volume buildings under construction | CHF million |
| 761.0 |
| 604.0 |
| +26.0 |
| |||||||
Cost value completed buildings on cut-off date | CHF million |
| 13.8 |
| 0.0 |
| – |
[*]Should no further particulars be given, values referring to the income statement concern the 1st half-year and balance sheet values the cut-off date on 30.06.2012 or 31.12.2011.
[1]Changes in quantum and percentage values are shown as absolute difference
[2]In percent of target rental income, cumulated at cut-off date
[3]Rental income from investment real estate in percent of continued market value as at 1 January
[4]Rental profit from investment real estate in percent of continued market value as at 1 January