Selected Key Figures
31.4 million
Net income excluding revaluation and
special effects as at December 31, 2019
| 2019 | 2018 | % | ||
| Zug Estates Group | ||||
| Operating revenue 1 | TCHF | 120 378 | 70 828 | 70.0% |
| Operating expenses | TCHF | 66 960 | 28 630 | 133.9% |
| Operating income before depreciation and revaluation | TCHF | 53 418 | 42 198 | 26.6% |
| Revaluation of investment properties (net) | TCHF | 19 552 | 11 082 | 76.4% |
| Income from sale of investment properties | TCHF | 998 | 0 | n/a |
| Operating income (EBIT) | TCHF | 70 549 | 49 797 | 41.7% |
| Net income | TCHF | 76 046 | 38 811 | 95.9% |
| Net income excluding revaluation and special effects 2 | TCHF | 31 373 | 28 616 | 9.6% |
| Result from sale of promotional properties after tax 3 | TCHF | 6 792 | 0 | n/a |
| Total assets | TCHF | 1 654 946 | 1 552 511 | 6.6% |
| Interest-bearing debt | TCHF | 597 443 | 554 546 | 7.7% |
| – Interest-bearing debt in % of total assets | 36.1% | 35.7% | ||
| ––– Average rate of interest of the interest-bearing debt (period) | 1.4% | 1.8% | ||
–Average maturigy of the interest-bearing debt | YEARS | 5.2 | 5.4 | |
| Shareholders' equity | TCHF | 905 637 | 843 871 | 7.3% |
–Equity ratio | 54.7% | 54.4% | ||
–Return on equity 4 | 8.7% | 4.7% | ||
| Headcount | FTE | 139.6 | 135.4 | 3.1% |
| Share | ||||
| Closing price | CHF | 2 330 | 1 675 | 39.1% |
| Market capitalization 5 | TCHF | 1 188 300 | 854 250 | 39.1% |
| Earnings per series B registered share 6 | CHF | 149.11 | 76.35 | 95.3% |
| Earnings per series B registered share excluding revaluation and special effects 2, 6 | CHF | 61.52 | 56.29 | 9.3% |
| Distribution per series B registered share 8 | CHF | 31.00 | 28.00 | 10.7% |
| Special dividend promotional profit from Aglaya per series B registered share | CHF | 13.00 | 0.00 | n/a |
| NAV at market value per series B registered share 5, 7 | CHF | 1 923.87 | 1 796.71 | 7.1% |
| Portfolio | ||||
| Investment properties | TCHF | 1 478 364 | 1 273 724 | 16.1% |
| Investment properties under construction | TCHF | 31 402 | 140 739 | - 77.7% |
| Undeveloped plots | TCHF | 2 524 | 2 524 | 0.0% |
| Total real estate portfolio | TCHF | 1 512 290 | 1 416 987 | 6.7% |
| Operating properties (market value) | TCHF | 118 250 | 118 705 | - 0.4% |
| Total portfolio | TCHF | 1 630 540 | 1 535 692 | 6.2% |
| Property income | TCHF | 54 481 | 50 794 | 7.3% |
| Vacancy rate investment properties 9 | 3.3% | 2.9% | ||
| Gross return investment properties 10 | 4.1% | 4.2% |
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 as well as the effect of adjustments made to deferred tax rates (see page 58, Annual Report 2019)
3Corresponds to the income from sale of promotional properties, deducted with the expenses incurred directly through the sale of proportional properties and corresponding deferred taxes
4In relation to average shareholders' equity
5In relation to number of shares outstanding (series A registered shares converted)
6In relation to number of shares on average outstanding (series A registered shares converted)
7NAV at market value per share includes properties used for operational purposes at market value and corresponding deferred taxes
8Proposed by board of directors
9As at the balance sheet date, as a percentage of projected rental income
10Projected rental income (annualized) as a percentage of the market value on the balance sheet date
