NOVAVEST REAL ESTATE AG Executive Summary H1 2023
for the Semi-Annual Report as of 30.06.2023
Executive Summary H1 2023
Content
For our shareholders
Key figures | 4 |
Portfolio information | 5 |
Management report for the first half-year period 2023 | 6 |
Extract semi-annual financial statements in accordance with Swiss GAAP FER
Extract semi-annual financial statements Novavest Real Estate AG | 10 |
Other information
Selection of our properties | 3, 17 |
Glossary key figures | 14 |
Investor relations informationen | 16 |
Imprint and disclaimer | 18 |
- Novavest Real Estate AG
Executive Summary H1 2023
Kappel (SO) Grossmatt 44, 46a
Modern residential property in quiet surroundings
This property is located in the middle of a residential zone within walking distance of shops for daily needs, schools/ kindergartens, public transport and local recreation areas. The two apartment buildings comprise 25 spacious flats (2.5 to 4.5 room apartments) and a parking garage with 41 parking spaces.
Residential property with 25 apartments Land area 3,396 m2
Total rental space 2,810 m2
Target rental income TCHF 477 p.a. Year of construction 2009
Novavest Real Estate AG | 3 |
Executive Summary H1 2023
Key figures
Income Statement | 01.01. - 30.06.2023 01.01. - 30.06.2022 | ||
Earnings from rental activities 1) | in TCHF | 12 412 | 11 822 |
Earnings from sale of investment properties | in TCHF | 493 | 0 |
Earnings from revaluation | in TCHF | -9 972 | 6 398 |
Earnings before interests and taxes (EBIT) | in TCHF | 146 | 15 361 |
Earnings incl. revaluation / deferred taxes | in TCHF | -1 524 | 11 189 |
Earnings excl. revaluation / deferred taxes 2) | in TCHF | 6 552 | 6 016 |
Return on equity incl. revaluations 3) | in % | -0.9% | 6.7% |
Return on equity excl. revaluations 4) | in % | 4.0% | 3.6% |
Balance Sheet | 30.06.2023 | 31.12.2022 | |
Total assets | in TCHF | 802 781 | 823 240 |
Equity | in TCHF | 334 314 | 345 477 |
Equity ratio | in % | 41.6% | 42.0% |
Total mortgage liabilities | in TCHF | 432 446 | 439 767 |
Leverage ratio | in % | 58.4% | 58.0% |
Loan-to-value ratio of properties | in % | 54.7% | 54.2% |
Net gearing 5) | in % | 128.7% | 126.0% |
Portfolio | 30.06.2023 | 31.12.2022 | |
Total real estate portfolio | in TCHF | 790 975 | 811 818 |
Gross yield 6) | in % | 4.0% | 4.0% |
Net yield 7) | in % | 3.1% | 3.2% |
Vacancy rate excluding projects | in % | 4.0% | 4.6% |
Average discount rate for valuations at market value | in % | 2.7% | 2.7% |
Average interest rate financial liabilities | in % | 1.1% | 0.9% |
Average term to maturity of financial liabilities | in years | 2.3 | 2.6 |
Information per share | 30.06.2023 | 31.12.2022 | |
Share price on stock exchange | in CHF | 37.10 | 40.80 |
Net asset value (NAV) per share | in CHF | 43.35 | 44.80 |
Earnings per share incl. revaluation (EPS) 8) | in CHF | -0.20 | 2.91 |
Earnings per share excl. revaluation (EPS) 9) | in CHF | 0.85 | 1.65 |
Definitions:
- 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 (annualised)
- Earnings excl. revaluations / deferred taxes in relation to the average weighted equity (annualised)
- 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 14.
- Novavest Real Estate AG
Executive Summary H1 2023
Portfolio information
Total portfolio
Investment categories | Investment size |
TCHF 790 975 at 30.06.2023 | TCHF 790 975 at 30.06.2023 |
Target rental income investment properties
Use | Cantons |
TCHF 31 448 (annualised) | TCHF 31 448 (annualised) |
Novavest Real Estate AG | 5 |
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Disclaimer
Novavest Real Estate AG published this content on 16 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 August 2023 07:18:03 UTC.
