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Key Figures

 

 

Unit

           2006 

           2007

Change
in %
Key financial figures    
Rental income 2

 CHF 1 000

 240 125

247 354

 3.0

Net changes in fair value of real estate investments CHF 1 000

126 114

 218 543

 
Income from property sales CHF 1 000

 6 929

 3 350

 
Income from investments in associated companies CHF 1 000

 1 742

 114

 
Real estate management services 2 CHF 1 000

0

 0

 
Other income 2 CHF 1 000

 15 969

 2 185

 -86.3

Net income from continuing operations CHF 1 000

 221 843

 284 849

 28.4

Net income from discontinued operations 2 CHF 1 000

  3 435

 6 326

 84.2

Total net income CHF 1 000

  225 278

 291 175

 29.3

Net income excluding gains/losses on real estate investments 3 CHF 1 000

 128 300

 120 556

 -6.0

EBITDA excluding gains/losses on real estate investments 2 CHF 1 000

 200 103

 193 942

 -3.1

EBITDA margin 2 %

 77.8

 75.5

 
Total assets CHF 1 000

 4 891 176

 5 133 838

 5.0

Shareholders' equity CHF 1 000

 2 547 047

 2 534 754

 -0.5

Equity ratio %

 52.1

 49.4

 
Return on equity %

 9.1

 11.5

 
Interest-bearing debt CHF 1 000

 1 887 770

 2 087 767

 10.6

Interest-bearing debt in % of total assets %

 38.6

 40.7

 
     
Portfolio key figures    
Number of properties Number

 204

 194

 
Carrying value properties CHF 1 000

 4 513 781

 4 839 678

 7.2

Implied yield, gross 4 %

 5.3

 5.2

 
Implied yield, net 4 %

 4.4

 4.3

 
Vacancy rate end of period (CHF) 4 %

 13.9

 10.6

 
Number of sites and development properties Number

 6

 6

 
Carrying value sites and development properties CHF 1 000

 243 386

 161 107

 -33.8

     
Employees    
End of period 2 Posts

 88

 82

 
Equivalent full-time employees 2 Posts

 84

 79

 
     
Per share figures    
Earnings per share (EPS) 5,6 CHF

 4.96

 6.71

 35.3

EPS excluding gains/losses on real estate investments 5,6 CHF

 2.82

 2.78

 -1.4

Nominal value reduction per share CHF

 2.20 7

 2.40 8

 9.1

Net asset value per share (NAV) 9 CHF

 56.25

 59.71

 6.2

NAV per share before deferred taxes 9 CHF

 63.53

 68.94

 8.5

Share price end of period CHF

 70.00

 57.20

 -18.3


  • 1 Change to previous year's period 2006 or carrying value as of 31 December 2006 as applicable.
  • 2 As of 1 July 2007, the «property management for third parties» business unit has been sold. The unit is treated in accordance with IFRS 5 (Discontinued Operations); where necessary, the 2006 financial year was adjusted accordingly.
  • 3 Consolidated annual net income excluding gains/losses on real estate investments corresponds to the consolidated annual net income excluding net changes in fair value of own real estate investments and those of associated companies, realised income on property sales and all the related taxes. Also, non-recurring income (such as, e.g., from the release of negative goodwill from acquisitions) is eliminated. Income from the sale of properties which were developed by the Company itself are part of the annual net income excluding gains/losses on real estate investments.
  • 4 For properties.
  • 5 Sum of continuing and discontinued operations.
  • 6 Based on average number of outstanding shares.
  • 7 For the 2006 business year. Cash payment made on 21 June 2007.
  • 8 Proposal to the Annual General Meeting on 9 April 2008.
  • 9 Based on number of outstanding shares, before cash payment by nominal value reduction.