HIAG's business model is convincing in a market dominated by rising interest rates Sustainability-linked, committed syndicated credit facility placed

HIAG Immobilien Holding AG / Key word(s): Conference/Half Year Results HIAG's business model is convincing in a market dominated by rising interest rates Sustainability-linked, committed syndicated credit facility placed 28-Aug-2023 / 05:55 CET/CEST Release of an ad hoc announcement pursuant to Art. 53 LR The issuer is solely responsible for the content of this announcement. Ad hoc announcement pursuant to Art. 53 LR

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Media information (PDF)
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Half-Year Report 2023 (PDF)
Presentation (PDF)

• Property income increased to CHF 35.3 million (+8.7%)
• Vacancy rate for overall portfolio reduced by one percentage point to 5.4%
• Progress in development portfolio largely compensates for interest-related devaluation (CHF -7 million, or -0.4%)
• Income from disposal of properties (CHF 14.3 million) and sale of condominium units (CHF 5.3 million) contributed significantly to the half-year result
• Net income before revaluation increased significantly to CHF 27.4 million (+85.7%)
• Sustainability-linked committed syndicated credit facility of CHF 500 million signed to secure financing for medium-term development pipeline
• "Green Financing Framework" developed

Basel, 28 August 2023 – HIAG can look back on a successful first half of 2023. All business areas proved their strategic strengths in a market environment dominated by rising interest rates. Rental income benefited from a further reduction in vacancies, successful project completions and inflation-related index adjustments. The industry-wide devaluation trend was largely cushioned by development performance in property projects. The sale of condominium units and sales prices above book values for properties that no longer fit the strategy made an important contribution to the half-year result. HIAG strengthened its financial resilience and corporate flexibility by signing a sustainability-linked committed syndicated credit facility and launching a "Green Financing Framework".