NOVAVEST REAL ESTATE AG Executive Summary H1 2022
for the Semi-Annual Report as of 30.06.2022
Executive Summary for Semi-Annual Report 2022
Content
For our shareholders
Key figures, Portfolio information | 4, 5 |
Management report for the first Half-Year period 2022 | 6 |
Selection of our properties | 3, 17 |
Extract semi-annual financial statements in accordance with Swiss GAAP FER
Extract semi-annual financial statements | |
Novavest Real Estate AG | 10 |
Other information
Glossary key figures | 14 |
Investor relations information | 16 |
Imprint and disclaimer | 18 |
2
Executive Summary for Semi-Annual Report 2022
FRAUENFELD (TG)
Bahnhofstrasse 92 / Erchingerstrasse 3
Modern living and working space in vibrant Frauenfeld
The residential and commercial property is located in the centre of Frauenfeld and in close proximity to the main train station. Attractive 1½- to 3½-room residential apartments and openly designed, modern office space are the special features of this property. As a progressive cantonal capital, Frauenfeld offers private individuals as well as commercial, industrial and service companies an excellent infrastructure, with optimal connections to the transport axes Zurich- St. Gallen-Constance.
Residential/commercial property with 13 apart- ments, office space 771 m2, storage/archive space 108 m2
Land area 1,200 m²
Total rental space 2,250 m2
Target rental income TCHF 458 p.a.
Year of construction 2012
Novavest Real Estate AG • Property 3
Executive Summary for Semi-Annual Report 2022
Key Figures
Income Statement | 01.01. - 30.06.2022 | 01.01. - 30.06.2021 | |
Earnings from rental activities 1) | in TCHF | 11,822 | 10,528 |
Earnings from sale of investment properties | in TCHF | 0 | 0 |
Earnings from revaluation | in TCHF | 6,398 | 6,334 |
Earnings before interests and taxes (EBIT) | in TCHF | 15,361 | 14,470 |
Earnings incl. revaluation / deferred taxes | in TCHF | 11,189 | 10,596 |
Earnings excl. revaluation / deferred taxes 2) | in TCHF | 6,016 | 5,469 |
Return on equity incl. revaluations 3) | in % | 6.7% | 7.3% |
Return on equity excl. revaluations 4) | in % | 3.6% | 3.8% |
Balance Sheet | 30.06.2022 | 31.12.2021 | |
Total assets | in TCHF | 802,482 | 751,145 |
Equity | in TCHF | 334,263 | 335,798 |
Equity ratio | in % | 41.7% | 44.7% |
Total mortgage liabilities | in TCHF | 430,196 | 380,177 |
Leverage ratio | in % | 58.3% | 55.3% |
Loan-to-value ratio of properties | in % | 54.4% | 51.3% |
Net gearing 5) | in % | 127.7% | 112.3% |
Portfolio | 30.06.2022 | 31.12.2021 | |
Total real estate portfolio | in TCHF | 790,206 | 741,279 |
Gross yield 6) | in % | 4.0% | 4.1% |
Net yield 7) | in % | 3.3% | 3.3% |
Vacancy rate excluding projects | in % | 4.7% | 3.7% |
Average discount rate for valuations at market value | in % | 2.7% | 2.8% |
Average interest rate financial liabilities | in % | 0.7% | 0.8% |
Average term to maturity of financial liabilities | in years | 3.1 | 3.7 |
Information per share | 30.06.2022 | 31.12.2021 | |
Share price on stock exchange | in CHF | 43.20 | 46.50 |
Net asset value (NAV) per share | in CHF | 43.35 | 43.55 |
Earnings per share incl. revaluation (EPS)8) | in CHF | 1.45 | 3.97 |
Earnings per share excl. revaluation (EPS) 9) | in CHF | 0.78 | 1.59 |
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.
4 Novavest Real Estate AG • Key Figures
Executive Summary for Semi-Annual Report 2022 | |
Portfolio information | |
Total portfolio | |
Investment categories | Investment size |
TCHF 790,206 at 30.06.2022 | TCHF 790,206 at 30.06.2022 |
Residential | 36% |
Residential/Commercial | 51% |
Commercial | 10% |
Projects | 3% |
Properties < CHF 5 m | 4% |
Properties CHF 5 - 15 m | 28% |
Properties > CHF 15 m | 65% |
Projects | 3% |
Target rental income investment properties
Use | Cantons |
TCHF 30,950 (annualised) | TCHF 30,950 (annualised) |
Residential | 60% |
Commercial | 40% |
AG | 4% |
BE | 11% |
BL | 3% |
BS | 8% |
FR | 9% |
LU | 2% |
SG | 12% |
SH | 3% |
SO | 8% |
TG | 10% |
ZH | 30% |
Novavest Real Estate AG • Portfolio information 5
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Disclaimer
Novavest Real Estate AG published this content on 11 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 August 2022 04:50:04 UTC.
