Selected Key Figures
Continuing operations | in | 01.01.–31.12.2022 or 31.12.2022 | 01.01.–31.12.2023 or 31.12.2023 | Change in % |
| Rental income from properties | CHF m | 432.8 | 438.3 | 1.3 |
| EPRA like-for-like change relative | % | 2.0 | 4.3 | 115.0 |
| Income from asset management | CHF m | 52.0 | 49.7 | – 4.4 |
| Income from retail | CHF m | 132.1 | 126.5 | – 4.2 |
| Total operating income | CHF m | 646.6 | 658.6 | 1.9 |
| Revaluation of investment properties, net | CHF m | 169.7 | – 250.5 | – 247.6 |
| Result from investment property sales, net | CHF m | 50.9 | 13.0 | – 74.4 |
| Operating result before depreciation and amortisation (EBITDA) | CHF m | 591.3 | 158.1 | – 73.3 |
| Operating result (EBIT) | CHF m | 549.7 | 152.5 | – 72.3 |
| Profit | CHF m | 397.1 | 86.7 | – 78.2 |
| Return on equity (ROE) | % | 6.1 | 1.3 | – 78.7 |
| Return on invested capital (ROIC) | % | 3.2 | 1.2 | – 62.5 |
| Earnings per share (EPS) | CHF | 5.18 | 1.13 | – 78.2 |
| Funds from operations per share (FFO I) | CHF | 4.00 | 4.05 | 1.3 |
| Continuing and discontinued operations excluding revaluations effects | ||||
| Operating result before depreciation and amortisation (EBITDA) | CHF m | 448.6 | 562.2 | 25.3 |
| Operating result (EBIT) | CHF m | 389.6 | 553.3 | 42.0 |
| Profit | CHF m | 300.6 | 459.8 | 53.0 |
| Return on equity (ROE) | % | 4.7 | 6.8 | 44.7 |
| Return on invested capital (ROIC) | % | 2.6 | 3.9 | 50.0 |
| Earnings per share (EPS) | CHF | 3.92 | 5.99 | 52.8 |
Funds from operations per share (FFO I) | CHF | 4.26 | 4.12 | – 3.3 |
| Key balance sheet figures | ||||
| Shareholders´ equity | CHF m | 6 569.3 | 6 537.4 | – 0.5 |
| Equity ratio | % | 47.7 | 47.4 | – 0.6 |
| Liabilities | CHF m | 7 201.9 | 7 240.9 | 0.5 |
| Loan-to-value ratio of property portfolio (LTV)1 | % | 38.8 | 39.8 | 2.6 |
| NAV before deferred taxes per share2 | CHF | 102.96 | 102.05 | – 0.9 |
| NAV after deferred taxes per share2 | CHF | 85.64 | 85.21 | – 0.5 |
| EPRA NTA per share | CHF | 102.69 | 101.52 | – 1.1 |
| Real estate portfolio | ||||
| Fair value of real estate portfolio | CHF m | 13 087.7 | 13 074.6 | – 0.1 |
| of which projects/development properties | CHF m | 1 117.3 | 853.3 | – 23.6 |
| Number of properties | number | 176 | 158 | – 9.7 |
| Rental floor space | m2 | 1 653 456 | 1 678 217 | 1.5 |
| Vacancy rate | % | 4.3 | 4.0 | – 7.0 |
| Average nominal discount rate | % | 3.72 | 4.04 | 8.6 |
| Net property yield | % | 3.1 | 3.1 | – |
| Employees | ||||
| Number of employees as at balance sheet date | persons | 1 779 | 674 | – 62.1 |
| Full-time equivalents as at balance sheet date | FTE | 1 567 | 570 | – 63.6 |
1 Receivables secured by bank guarantees were deducted from financial liabilities in the financial year 2023
2 Asset Management, Retail and Corporate & Shared Services segments are included at book values and not at fair values
