Real estate at a glance
|
|
| 1st half-year 2013 |
| 1st half-year 2012 |
| Change |
| |||||||
Yield-producing properties |
|
|
|
|
|
|
|
Commercial real estate | number |
| 45 |
| 45 |
| – |
Residential real estate | number |
| 18 |
| 19 |
| –1 |
| |||||||
Market value on cut-off date | CHF million |
| 2 784.4 |
| 2 530.9 |
| +10.0 |
Average market value by property | CHF million |
| 44.2 |
| 39.5 |
| +11.9 |
| |||||||
Rental income | CHF million |
| 72.8 |
| 71.8 |
| +1.4 |
Vacancy rate [2] | % |
| 4.9 |
| 4.9 |
| – |
Real estate expenses | CHF million |
| –9.6 |
| –9.7 |
| –1.0 |
Real estate expenses | in % of rental income |
| 13.2 |
| 13.5 |
| –0.3 |
| |||||||
Gross yield [3] | % |
| 5.6 |
| 5.7 |
| –0.1 |
Net yield [4] | % |
| 4.9 |
| 4.9 |
| – |
| |||||||
Investment real estate under construction |
|
|
|
|
|
|
|
Buildings | number |
| 5 |
| 6 |
| –1 |
Market value on cut-off date | CHF million |
| 569.4 |
| 628.1 |
| –9.3 |
Investment volume | CHF million |
| 746.0 |
| 912.0 |
| –18.2 |
| |||||||
Real estate for development |
|
|
|
|
|
|
|
Cost value land reserves on cut-off date | CHF million |
| 49.3 |
| 149.4 |
| –67.0 |
Estimated investment volume land reserves | CHF million |
| 487.0 |
| 739.0 |
| –34.1 |
| |||||||
Cost value buildings under construction on cut-off date | CHF million |
| 485.3 |
| 396.3 |
| +22.5 |
Estimated investment volume buildings under construction | CHF million |
| 940.0 |
| 840.0 |
| +11.9 |
| |||||||
Cost value completed buildings on cut-off date | CHF million |
| 44.9 |
| 49.1 |
| –8.6 |
[*]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 30.06.2013 or 31.12.2012.
[1]Changes in quantum and percentage values are shown as absolute difference
[2]In percent of targeted rental income, cumulated at cut-off date
[3]Rental income from investment real estate in percent of continued market value as at 1st January
[4]Rental profit from investment real estate in percent of continued market value as at 1st January