|
Unit |
1 Jan to |
1 Jan to 2007 |
1 Jan to 2008 |
Change in %1
|
|
| Key financial figures | |||||
| Rental income |
CHF 1 000 |
247 354 |
122 905 | 127 435 |
3.7 |
| Net changes in fair value of real estate investments | CHF 1 000 |
218 543 |
105 344 | 72 430 | |
| Income from property sales | CHF 1 000 |
3 350 |
2 061 | 862 | |
| Income from investments in associated companies | CHF 1 000 |
114 |
114 | 163 | |
| Other income | CHF 1 000 |
2 185 |
1 248 | 2 047 |
64.0 |
| Net income from continuing operations | CHF 1 000 |
284 849 |
141 828² |
116 514 |
-17.8 |
| Net income from discontinued operations ³ | CHF 1 000 |
6 326 |
389² | 0 |
|
| Total net income | CHF 1 000 |
291 175 |
142 218 | 116 514 |
-18.1 |
| Total net income excluding gains/losses on real estate investments 4 |
CHF 1 000 |
120 556 |
58 768 | 60 456 |
2.9 |
| EBITDA excluding gains/losses on real estate investments | CHF 1 000 |
193 942 |
91 079 | 102 568 |
12.6 |
| EBITDA margin | % |
75.5 |
73.3 | 78.6 | |
| Total assets | CHF 1 000 |
5 133 838 |
5 015 088 | 5 228 846 |
1.9 |
| Shareholders' equity | CHF 1 000 |
2 534 754 |
2 410 923 | 2 556 628 |
0.9 |
| Equity ratio | % |
49.4 |
48.1 | 48.9 | |
| Return on equity | % |
11.5 |
11.5 | 9.2 | |
| Interest-bearing debt | CHF 1 000 |
2 087 767 |
2 117 108 | 2 168 385 |
3.9 |
| Interest-bearing debt in % of total assets | % |
40.7 |
42.2 | 41.5 | |
| Portfolio key figures | |||||
| Number of properties | Number |
194 |
200 | 194 | |
| Carrying value properties | CHF 1 000 |
4 839 678 |
4 717 578 | 4 940 891 |
2.1 |
| Implied yield, gross 5 | % |
5.2 |
5.3 | 5.2 | |
| Implied yield, net 5 | % |
4.3 |
4.3 | 4.4 | |
| Vacancy rate end of period (CHF) 5, 6 | % |
10.6 |
14.7 | 10.6 | |
| Number of sites and development properties | Stück |
6 |
6 | 7 | |
| Carrying value sites and development properties | CHF 1 000 |
161 107 |
148 590 | 179 494 |
11.4 |
| Employees | |||||
| End of period | Posts |
82 |
82 | 82 | |
| Equivalent full-time employees | Posts |
79 |
78 | 78 | |
| Per share figures | |||||
| Earnings per share (EPS) 7, 8 | CHF |
6.71 |
3.23 | 2.74 |
-15.2 |
| EPS excluding gains/losses on real estate investments 7, 8 |
CHF |
2.78 |
1.33 | 1.42 |
6.8 |
| Nominal value reduction per share | CHF |
2.40 9 |
n.a. | n.a. |
|
| Net asset value per share (NAV) | CHF |
59.71 |
56.58 | 60.22 |
0.9 |
| NAV per share before deferred taxes | CHF |
68.94 |
65.03 | 70.01 |
1.6 |
| Share price end of period | CHF |
57.20 |
68.60 | 60.70 |
6.1 |
- 1 Change to first half-year 2007 or carrying value as of 31 December 2007 as applicable.
- 2 Restated (see financial statements, page 24).
- 3 As of 1 July 2007, the „property management for third parties“ business was sold. This unit was treated in accordance with IFRS 5 (Discontinued Operations).
- 4 „Net income excluding gains/losses on real estate investments“ corresponds to the consolidated 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 is part of the net income excluding gains/losses on real estate investments.
- 5 For properties.
- 6 Equals the lost rental income in % of the potential rent, as per reporting date.
- 7 Sum of continuing and discontinued operations.
- 8 Based on average number of outstanding shares.
- 9 For the 2007 business year. Cash payment was made on 25 June 2008.
