The Swisscanto (CH) Real Estate Fund Swiss Commercial increased its rental income and is maintaining the distribution stable at CHF 3.50 per share.
The Swisscanto (CH) Real Estate Fund Swiss Commercial (ISIN: CH0111959190) increased its rental income in the 2018 financial year to CHF 28.1 million (previous year: CHF 24.9 million) and is maintaining the distribution stable at CHF 3.50 per share. In the 2018 financial year, the WAULT increased from 6.2 years to 6.4 years. The distribution to investors will be made on 18 April 2019.
Following the acquisition of a centrally located property in use, the fund broadened its revenue base to a portfolio of 20 properties in use with a total value of CHF 545.8 million (previous year: CHF 528.3 million). Overall profit increased from CHF 11.1 million to CHF 13.6 million. The return on investment amounted to 3.2% (previous year: 2.3%). The fund posted an annual performance of -5.25%, performing slightly better than the SWIIT benchmark that returned -5.32%.
Total fund assets as at 31 December 2018 amounted to CHF 556.6 million (previous year: CHF 540.3 million). Following the successful acquisition of properties in use in Lugano, Zurich-Opfikon and Vevey at the start of 2019, the fund will focus on portfolio management, in particular on the rapid and sustainable re-letting of the property in Altenrhein.