Selected Key Figures
Selected financial highlights for the Zug Estates Group
15.4 million
Net income excluding revaluation and special
effects as at 30 June 2021
Income statement | H1 2021 | H1 2020 | ||
| Property income | TCHF | 29 765 | 28 195 | 5.6% |
Operating revenue1 | TCHF | 36 140 | 105 426 | -65.7% |
Operating expenses | TCHF | 13 322 | 77 115 | -82.7% |
Operating income before depreciation and revaluation | TCHF | 22 818 | 28 311 | -19.4% |
Revaluation of investment properties (net) | TCHF | 12 269 | -13 612 | 190.1% |
Income from sale of investment properties | TCHF | 7 317 | 0 | n/a |
Operating income (EBIT) | TCHF | 40 639 | 12 883 | 215.4% |
Net income | TCHF | 32 663 | 8 273 | 294.8% |
Net income excluding revaluation and special effects2 | TCHF | 15 427 | 11 900 | 29.6% |
| Result from sale of promotional properties after tax3 | TCHF | 0 | 8 351 | -100.0% |
Balance Sheet | 30.06.2021 | 31.12.2020 | ||
Total assets | TCHF | 1 631 356 | 1 626 245 | 0.3% |
Interest-bearing debt | TCHF | 581 433 | 591 770 | -1.7% |
- Interest-bearing debt in % of Total assets | 35.6% | 36.4% | ||
| - Average rate of interest of the interest-bearing dept (period) | 1.3% | 1.3% | ||
| - Average maturity of the interest-bearing debt | YEARS | 3.9 | 4.3 | |
Shareholders’ equity | TCHF | 925 680 | 915 457 | 1.1% |
- Equity ratio | 56.7% | 56.3% | ||
Employees | 30.06.2020 | 31.12.2020 | ||
Headcount | FTE | 116.0 | 128.1 | -9.4% |
Share | H1 2021 | H1 2020 | ||
Closing price | CHF | 1 990 | 2 010 | -1.0% |
Market capitalization4 | TCHF | 1 014 900 | 1 025 100 | -1.0% |
Earnings per series B registered share5 | CHF | 64.0 | 16.2 | 294.8% |
Earnings per series B registered share | CHF | 30.2 | 23.3 | 29.6% |
NAV at market value per series B registered share B5, 6 | CHF | 1 947.9 | 1 895.9 | 2.7% |
Portfolio | 30.06.2021 | 31.12.2020 | ||
Investment properties | TCHF | 1 549 987 | 1 534 432 | 1.0% |
Investment properties under construction | TCHF | 10 638 | 9 794 | 8.6% |
Undeveloped plots | TCHF | 2 524 | 2 524 | 0.0% |
Total real estate portfolio | TCHF | 1 563 149 | 1 546 750 | 1.1% |
Operating properties (market value)7 | TCHF | 108 110 | 108 110 | 0.0% |
Total portfolio | TCHF | 1 671 259 | 1 654 860 | 1.0% |
Vacancy rate investment properties8 | 4.8% | 5.0% | ||
Gross return investment properties9 | 4.0% | 4.1% | ||
| Weighted average unexpired lease term of rental contracts in portfolio (WAULT) | YEARS | 6.5 | 6.8 | |
| Average discount rate (nominal) | 3.4% | 3.5% |
1Excluding income from revaluation of investment properties and gains on the sale of investment properties
2Corresponds to net income excluding income from revaluation of investment properties (net), excluding income from the disposal of investment and promotional properties and corresponding deferred taxes
3Corresponds to the income from the sale of promotional properties, less expenses incurred directly through the sale of promotional properties and corresponding deferred taxes
4 In relation to number of shares outstanding (series A registered shares converted)
5In relation to number of shares on average outstanding (series A registered shares converted)
6NAV at market value per share includes properties used for operational purposes at market value and corresponding deferred taxes
7Operational properties are revaluated on a yearly basis at financial year-end
8As at the balance sheet date, as a percentage of projected rental income
9Projected rental income (annualized) as a percentage of the market value on the balance sheet date
