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Investor Relations
FULL-YEAR RESULT 2023
Zug Estates Group presents pleasing operating result
Pleasing operating result for Zug Estates Group thanks to numerous rental successes, increased rental income and repositioning of Garden Park Zug AG.
KEY FIGURES
All figures as at 31 December 2023
Net income
24.2
Mio.
CHF
Net income excluding revaluation and special effects
18.0
Mio
CHF
Property income
65.7
Mio.
CHF
Vacancy rate investment properties
3.9
%
Equity ratio
54.9
%
Portfolio market value
1.83
Mrd.
CHF
AGENDA
22.08.2024
Publication of Half-Year Report 2024
27.08.2024
Sustainability forum, Suurstoffi-Areal, Risch Rotkreuz
20.02.2025
Publication of Annual Report 2024
09.04.2024
General meeting of shareholders
Provisional dividend dates
11.04.2024: Ex-Date
12.04.2024: Record-Date
15.04.2024: Payment-Date
AD HOC ANNOUNCEMENTS
Subscribe to our press releases (including "Ad hoc announcement pursuant to Art. 53 LR") by email.
Key Share Data
Zug Estates Holding AG has two categories of shares. Series A registered shares ( security number: 14 805 211) are not listed, series B registered shares have been listed in the regulatory standard for real estate companies of SIX Swiss Exchange in Zurich since July 2, 2012 ( security number: 14 805 212, ticker symbol: ZUGN).
Key Share Data
Exchange | Switzerland (SIX) |
Currency | CHF |
Type | Series B registered shares |
Securities number | 14 805 212 |
ISIN number | CH 014 805 212 6 |
Symbol | SWX ZUGN |
Fundamental data
Issued series B registered shares | 460 340 |
Other categories of share in the share capital
496 600 series A registered shares of type A with a par value of CHF 2.50 each (not listed) |
Shareholders structure
Significant shareholders
As at 31 December 2023, the following shareholders owned more than 3% of total voting rights:
Series A registered shares | Series B registered shares | Votes as at 31.12.2023 | Votes as at 31.12.2022 | |
---|---|---|---|---|
Buhofer Group¹ | 409 576 | 50 034 | 47.4% | |
Heinz M. Buhofer | 26 010 | 53 770 | 8.3% | |
Johannes Stöckli | 56 800 | 3 866 | 6.3% | |
Werner O. Weber, indirectly held through Wemaco Invest AG | 0 | 60 392 | 6.3% | |
Basellandschaftliche Pensionskasse | 0 | 29 671 | n/a |
1 The Group comprises Elisabeth Buhofer, Annelies Häcki Buhofer, Martin Buhofer und Julia Häcki, if acting in mutual agreement. Some shares are indirectly held through Homia Holding AG.
Series B registered shares by category of shareholders (as at 31 December 2023)
Number of registered shareholders | Registered shareholderers in % | Number of registered shares | Registered shares in % | |
---|---|---|---|---|
Natural persons | 1 460 | 85.3 | 207 448 | 48.2 |
Pension funds | 67 | 3.9 | 68 945 | 16.0 |
Funds | 47 | 2.7 | 93 633 | 21.7 |
Foundations | 18 | 1.1 | 4 769 | 1.1 |
Insurers | 8 | 0.5 | 4 565 | 1.0 |
Banks | 11 | 0.6 | 1 558 | 0.4 |
Other leagel entities | 101 | 5.9 | 49 752 | 11.6 |
Dividend policy
In line with the announced gradual increase in the dividend up to a maximum of two-thirds of net operating income, the board of directors will propose to the general meeting of shareholders (9 April 2024) that the dividend be increased by 7.3%, from CHF 4.10 to CHF 4.40 per series A registered share and from CHF 41.00 to CHF 44.00 per series B registered share.
The board of directors has decided to amend the dividend strategy in favour of a more open formulation. Zug Estates continues to endeavour to ensure a positive dividend trend. The distribution should ensure a solid, long-term financing structure in the future too and not amount to more than 90% of operating profit.
2023 | 2022 | 2021 | 2020 | 2019 | |
---|---|---|---|---|---|
Cash distribution per series B registered share* | CHF 41.00 | CHF 37.50 | CHF 34.00 | CHF 31.00 | |
Special dividend promotional profit from Aglaya per series B registered share* | CHF 10.00 | CHF 13.00 |
* Payable in the following year, proposed by the board of directors
Tax value
2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
---|---|---|---|---|---|---|
Series B registered share | CHF 1 770 | CHF 1 980 | CHF 2 030 | CHF 2 330 | CHF 1 675 |
The tax value of Zug Estates Holding AG's registered shares can also be called up on the corresponding website of the tax administration of the Canton of Zug (local values - shares 2023).
Bond
Disclaimer
The information included on the website may only be provided to residents of Switzerland for legal reasons. Thank you for your understanding.
I am a resident of Switzerland:
The information included on this website does not constitute an offer or an invitation or recommendation to hold, purchase or sell shares or other securities in Zug Estates Holding Ltd.; it is also not a confirmation of a transaction or an invitation to enter into a transaction. The website and the information published there may not be used or published in any jurisdiction (in particular not in the USA, Japan, Canada or Australia) where it violates applicable law or provisions.
Fixed-interest bonds
Valor symbol | ZEH22 | ZEH19 | |
Listing | SIX Swiss Exchange | SIX Swiss Exchange | |
Green Bond | Yes | Yes | |
Security number | 114 872 819 | 494 734 426 | |
ISIN | CH1147828194 | CH0494734426 | |
Payment date | 17 Feb 2022 | 2 Oct 2019 | |
Volume | CHF 100 million | CHF 100 million | |
Repayment | 17 Apr 2029 | 2 Oct 2025 | |
Interest rate | 0.75% p. a. payable annually on April 17th | 0.1% p. a. payable annually on October 2nd | |
Dokumente: | Green Bond Prospects | ||
Second Party Opinion about the Sustainability of Zug Estates "Green Bond" | |||
Green Bond Reporting |
Green Bond Emission 2022
Zug Estates Holding AG issued a second green bond for CHF 100 million on January 19, 2022. This means that the bond portfolio consists entirely of financial instruments focused on sustainability.
RESEARCH
Equity Research
Credit Research
Your contact
Mirko Käppeli
CFO
+41 41 729 10 10
ir@zugestates.ch
Zug Estates Holding AG
Baarerstrasse 18
CH-6300 Zug