EQS-Adhoc

HSC Fund - Successful business year 2020 with a return on investment of 6.9% - Seite 3

Outlook
The fund management company is confident about the year 2021. Especially the launched vaccination program gives us hope that the COVID-19 situation will improve in the course of the year. The main focus of our activities will be on value creation in asset management. The goal is to increase the occupancy rate and to enhance the attractiveness of the portfolio through cost-conscious investments. No capital increase is planned for the current financial year.

Peer Kocur new Head Investment Management
Peer Kocur will become the new Head of Investment Management of Helvetica Property Investors AG as of mid-April 2021. In this function, he will strengthen the extended Executive Board. Peer Kocur was Head of Portfolio Management Real Estate Switzerland of the Migros Pension Fund with real estate assets of over CHF 6 billion since December 2016. Prior to that, he was a Director at Wüest Partner AG (2006-2016) and Portfolio Manager at Allianz Real Estate (2003-2006). He brings more than 20 years of experience in the Swiss and international real estate markets to his new role. Peer Kocur is a qualified architect and holds additional degrees from the European Business School and the German Association for Financial Analysis.
 

Media contact Michael Müller Chief Executive Officer (Switzerland) T [phone] [e-mail]

Peter R. Vogel Chief Financial Officer T [phone] [e-mail]

KEY FINANCIAL FIGURES 2020
Balance sheet		31.12.2020	31.12.2019	Change
Market value of the properties	CHF	743 946 000	628 944 000	+18%
Weighted real discount rate	%	3.82	4.01	-0.19 PP
Gross asset value (GAV)	CHF	770 131 664	654 729 403	+18%
Net asset value (NAV)	CHF	500 184 280	489 475 302	+2%
Debt financing ratio	%	30.48	20.87	+9.61 PP
Debt ratio	%	35.37	25.24	+10.13 PP
Interest rate debt financing	%	0.43	0.56	-0.13 PP
Residual term debt financing	Years	0.96	1.39	-0.43 years
Net asset value per share	CHF	115.17	112.71	+2.46 CHF
Outstanding shares	Number	4 342 851	4 342 851	none
Income Statement		01.01.-31.12.2020	01.01.-31.12.2019	Change
Rental income	CHF	38 728 685	29 218 984	+33%
Vacancy rate	%	7.78	8.10	-0.32 PP
Net income	CHF	27 311 568	23 032 696	+19%
Total income	CHF	32 423 233	29 144 239	+11%
Weighted average unexpired lease term (WAULT)	Years	4.5	4.4	+0.1 years
Operating profit margin	%	71.96	68.60	+3.36 PP
Distribution and return		31.12.2020	31.12.2019	Change
Distribution total	CHF	22 148 540	21 714 255	+2%
Distribution per share *	CHF	5.10	5.00	+2%
Distribution yield	%	4.68	4.06	+0.62 PP
Payout ratio	%	83.23	87.58	-4.35 PP
Return on equity (ROE)	%	6.62	6.18	+0.44 PP
Return on investment	%	6.93	6.33	+0.60 PP

* The distribution for the previous year 2019 included a special effect of CHF 0.54 per share from the sale of a property in Vevey.