Investis : Half-Year report 2021 PDF

REAL ESTATE GROUP

HALF-YEAR REPORT 2021

INVESTIS GROUP HALF-YEARREPORT 2021

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INVESTIS GROUP

HALF-YEAR REPORT 2021

TABLE OF CONTENTS

Selected key figures	04	Property portfolio
		Information on investment categories	27
Report to shareholders	06	Investment properties	28
		Development properties	34
Consolidated financial statements
Consolidated income statement	10	Alternative Performance Measures	36
Consolidated balance sheet	11
Consolidated statement of cash flows	12	Contacts	39
Consolidated statement of changes in equity	13	Financial calendar and share data	40
Notes to the consolidated financial statements	14	Legal information	41
		Disclaimer	42

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				INVESTIS GROUP
SELECTED KEY FIGURES			HALF-YEAR REPORT 2021
SELECTED KEY FIGURES
Investis financial key figures		30.06.2021	31.12.2020	30.06.2020
Revenue	CHF 1,000	101,686	178,689	89,217
EBITDA before revaluations/disposals 1)	CHF 1,000	25,058	45,523	23,628
EBIT	CHF 1,000	154,643	136,216	61,858
Net profit	CHF 1,000	132,427	113,596	51,202
Net profit excluding revaluation effect 1)	CHF 1,000	19,630	45,083	20,037
Funds from operations (FFO) 1)	CHF 1,000	7,121	37,423	20,073
Total assets	CHF 1,000	1,747,479	1,555,986	1,551,430
Interest-bearing financial liabilities	CHF 1,000	650,000	560,000	620,000
Gross LTV 1)		39%	38%	42%
Deferred tax liabilities	CHF 1,000	158,516	137,752	131,148
Shareholdersʼ equity	CHF 1,000	899,827	821,952	759,343
Equity ratio		51.5%	52.8%	48.9%
Number of employees
Headcount (as at period end)		2,343	1,321	1,365
FTE (full-time equivalent, average over the period)		1,345	1,034	1,038
Data per share		30.06.2021	31.12.2020	30.06.2020
Share data
Share capital	CHF	1,280,000	1,280,000	1,280,000
Number of registered shares issued		12,800,000	12,800,000	12,800,000
Nominal value per share	CHF	0.10	0.10	0.10
NAV per share 1)	CHF	70.23	64.13	59.24
NAV per share excluding deferred	CHF	82.50	74.80	69.41
taxes with regard to properties 1)
Earnings per share (basic/diluted)	CHF	10.39	8.91	4.02
Share price
Share price - high	CHF	109.00	91.60	91.00
Share price - low	CHF	86.00	70.20	70.20
Share price at end of period	CHF	102.50	91.40	86.20
Average number of shares traded per day		3,798	2,488	2,768
Market capitalisation at end of period	CHF million	1,312	1,170	1,103

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INVESTIS GROUP
HALF-YEAR REPORT 2021	SELECTED KEY FIGURES

Properties key figures		30.06.2021	31.12.2020	30.06.2020
Residential investment properties	CHF 1,000	1,531,306	1,365,595	1,295,410
Commercial investment properties	CHF 1,000	116,785	75,153	123,262
Investment properties under construction	CHF 1,000	263	27,706	19,563
Properties held for sale	CHF 1,000	19,608	21,501	37,412
Total property portfolio	CHF 1,000	1,667,962	1,489,955	1,475,647
Total buildings		170	167	170
Total residential units		3,059	3,006	3,020
Average discount rate		2.94%	3.15%	3.29%
Revenue	CHF 1,000	29,173	57,869	29,041
Like-for-like rental growth 1)		1.6%	1.6%	0.9%
EBITDA before revaluations/disposals 1)	CHF 1,000	19,337	37,226	19,603
EBIT	CHF 1,000	150,715	130,593	59,113
Annualised full occupancy property rent	CHF million	63.0	58.6	60.3
Annualised property rent	CHF million	61.3	56.8	58.6
Vacancy rate		2.7%	3.0%	2.8%
Real Estate Services key figures		30.06.2021	31.12.2020	30.06.2020
Rents under management	CHF billion	1.49	1.42	1.43
Revenue	CHF 1,000	74,401	124,605	62,063
of which property management		40%	48%	48%
of which facility services		60%	52%	49%
of which other		0%	0%	2%
EBIT	CHF 1,000	6,532	10,763	5,412
EBIT margin		8.8%	8.6%	8.7%

1. The section "Alternative Performance Measures" includes definitions of performance measures that are not defined under Swiss
   GAAP FER.

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