NOVAVEST REAL ESTATE AG Executive Summary 2022
for the Annual Report as of 31.12.2022
Executive Summary for Annual Report 2022
Content
For our shareholders
Key figures, Portfolio information | 4,5 |
Management report for 2022 financial year | 6 |
Investment strategy and guidelines | 14 |
Selection of our properties | 3, 23 |
Extract Annual Financial Statements in accordance with SWISS GAAP FER
Extract Annual Financial Statements Swiss GAAP FER | 16 |
Other information
Glossary key figures | 20 |
Investor relations information | 22 |
Imprint and disclaimer | 24 |
2
Executive Summary for Annual Report 2022
BASEL (BS)
Johanniterstrasse 5, 11
Beautiful, central location in Basel-Stadt
The residential property at Johanniterstrasse 5, 11 is located in the attractive St. Johann district, within easy reach of the Rhine and the old town centre of Basel. The district has a very good infrastructure - with schools, shopping facilities, bus/tram stops as well
as cultural facilities located in the immediate vicinity. The apartment building comprises 57 apartments (1- to 4-room flats).
Residential property with 57 apartments Land area 1 016 m2
Total rental space 3 739 m2
Target rental income TCHF 889 p.a.
Year of construction/renovation 1964 / 2014
- Please also refer to the Sustainability Report page 34 of the Annual Report 2022 (in German).
Novavest Real Estate AG • Property 3
Executive Summary for Annual Report 2022
Key Figures
Income Statement | 01.01. - 31.12.2022 | 01.01. - 31.12.2021 | |
Earnings from rental activities 1) | in TCHF | 24 286 | 22 210 |
Earnings from sale of investment properties | in TCHF | 0 | 0 |
Earnings from revaluation | in TCHF | 11 942 | 21 769 |
Earnings before interests and taxes (EBIT) | in TCHF | 30 704 | 39 143 |
Earnings incl. revaluation / deferred taxes | in TCHF | 22 403 | 29 306 |
Earnings excl. revaluation / deferred taxes 2) | in TCHF | 12 740 | 11 721 |
Return on equity incl. revaluations 3) | in % | 6.8% | 10.1% |
Return on equity excl. revaluations 4) | in % | 3.9% | 4.1% |
Balance Sheet | 31.12.2022 | 31.12.2021 | |
Total assets | in TCHF | 823 240 | 751 145 |
Equity | in TCHF | 345 477 | 335 798 |
Equity ratio | in % | 42.0% | 44.7% |
Total mortgage liabilities | in TCHF | 439 767 | 380 177 |
Leverage ratio | in % | 58.0% | 55.3% |
Loan-to-value ratio of properties | in % | 54.2% | 51.3% |
Net gearing 5) | in % | 126.0% | 112.3% |
Portfolio | 31.12.2022 | 31.12.2021 | |
Total real estate portfolio | in TCHF | 811 818 | 741 279 |
Gross yield 6) | in % | 4.0% | 4.1% |
Net yield 7) | in % | 3.2% | 3.3% |
Vacancy rate excluding projects | in % | 4.6% | 3.7% |
Average discount rate for valuations at market value | in % | 2.7% | 2.8% |
Average interest rate financial liabilities | in % | 0.9% | 0.8% |
Average term to maturity of financial liabilities | in years | 2.6 | 3.7 |
Information per share | 31.12.2022 | 31.12.2021 | |
Share price on stock exchange | in CHF | 40.80 | 46.50 |
Net asset value (NAV) per share | in CHF | 44.80 | 43.55 |
Earnings per share incl. revaluation (EPS)8) | in CHF | 2.91 | 3.97 |
Earnings per share excl. revaluation (EPS) 9) | in CHF | 1.65 | 1.59 |
Definitionen:
- Rental income minus direct operating expenses for investment properties
- Earnings before taxes (EBT) minus revaluation result, minus deferred taxes plus deferred taxes attributable to revaluation result
- Earnings incl. revaluations/deferred taxes in relation to average weighted equity
- Earnings excl. revaluations/deferred taxes in relation to the average weighted equity
- Net debt (current and non-current mortgage liabilities minus cash and cash equivalents) in relation to equity as of balance sheet date
- Gross yield reflects target rental income (target rental income based on annual rents of investment properties as of balance sheet date) in percentage of the market value (fair value) of the investment properties
- Net yield reflects net rental income (actual rental income based on annual rents of investment properties as of balance sheet date less operating and maintenance costs for the reporting year) in percentage of the market value (fair value) of the investment properties
- Earnings incl. revaluation / deferred taxes divided by average number of registered shares outstanding
- Earnings excl. revaluation / deferred taxes divided by average number of registered shares outstanding
For a glossary with further definitions of key figures, please refer to page 20.
4 Novavest Real Estate AG • Key Figures
Executive Summary for Annual Report 2022 | |
Portfolio information | |
Total portfolio | |
Investment categories | Investment size |
TCHF 811 818 at 31.12.2022 | TCHF 811 818 at 31.12.2022 |
Residential | 39% |
Residential/Commercial | 50% |
Commercial | 10% |
Projects | 1% |
Properties < CHF 5 m | 4% |
Properties CHF 5 - 15 m | 27% |
Properties > CHF 15 m | 68% |
Projects | 1% |
Target rental income investment properties
Use | Cantons |
TCHF 32 096 (annualised) | TCHF 32 096 (annualised) |
Residential | 61% |
Commercial | 39% |
AG | 4% |
BE | 11% |
BL | 3% |
BS | 8% |
FR | 9% |
LU | 4% |
SG | 12% |
SH | 3% |
SO | 9% |
TG | 9% |
ZH | 28% |
Novavest Real Estate AG • Portfolio information 5
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Novavest Real Estate AG published this content on 22 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 February 2023 08:46:03 UTC.
