Real estate at a glance
|
|
| 1st half-year 2016 |
| 1st half-year 2015 |
| Change |
| |||||||
Yield-producing properties |
|
|
|
|
|
|
|
Residential real estate | number |
| 20 |
| 19 |
| +1 |
Commercial real estate | number |
| 39 |
| 43 |
| –4 |
| |||||||
Market value on cut-off date | CHF million |
| 3 418.6 |
| 3 475.3 |
| –1.6 |
| |||||||
Rental income from investment real estate | CHF million |
| 86.5 |
| 88.5 |
| –2.3 |
Vacancy rate [2] | % |
| 6.2 |
| 7.6 |
| –1.4 |
Real estate expenses | CHF million |
| –11.5 |
| –15.9 |
| –27.7 |
Real estate expenses | in % of rental income |
| 13.3 |
| 18.0 |
| –4.7 |
| |||||||
Gross yield [3] | % |
| 5.2 |
| 5.2 |
| – |
Net yield [4] | % |
| 4.3 |
| 4.2 |
| +0.1 |
| |||||||
Real estate under construction |
|
|
|
|
|
|
|
Buildings | number |
| 2 |
| 2 |
| – |
Market value on cut-off date | CHF million |
| 45.8 |
| 49.9 |
| –8.2 |
Investment volume | CHF million |
| 111.0 |
| 96.0 |
| +15.6 |
| |||||||
Investment real estate for development |
|
|
|
|
|
|
|
Book value development reserves on cut-off date | CHF million |
| 64.0 |
| 71.4 |
| –10.4 |
Estimated investment volume development reserves | CHF million |
| 559.0 |
| 637.0 |
| –12.2 |
| |||||||
Book value buildings under construction on cut-off date | CHF million |
| 69.3 |
| 171.4 |
| –59.6 |
Estimated investment volume buildings under construction | CHF million |
| 283.0 |
| 268.0 |
| +5.6 |
| |||||||
Book value completed real estate on cut-off date | CHF million |
| 28.2 |
| 52.7 |
| –46.5 |
[*]Should no further particulars be given, values referring to the income statement concern the 1st half-year and balance sheet value the cut-off dates on 30.06.2016 as at 31.12.2015.
[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 1 January
[4]Rental profit from investment real estate in percent of continued market value as at 1 January