Key Figures
SF Urban Properties Ltdas at 30 September 2024
| Share Price CHF | 94.40 |
Description
SF Urban Properties Ltd (SFUP) is a Swiss real estate company based in Zurich. It invests in residential, commercial and development properties with a focus on the cities of Zurich and Basel. Its strategy is geared towards economic areas and locations that show more potential than others due to demographic, legal or economic conditions or their changes.
Company Data
| Company | SF Urban Properties Ltd |
| Legal form | Swiss Corporation (AG) |
| CEO | Bruno Kurz |
| CFO | Sascha Küng |
| Asset manager | Swiss Finance & Property Funds Ltd |
| Valuation expert | Wüest Partner AG |
| Market Maker | Swiss Finance & Property Ltd |
| Holding structure real estate | Direct property |
| Benchmark | REAL Index |
| Management fee | 0.71% (NAV); 0.5% > 250 Mio. |
| Auditors | PricewaterhouseCoopers |
| SIX Swiss Exchange listing | 17 April 2012 |
| Portfolio value investment properties | CHF 765.5 mn (as at 30 June 2024) |
| Security number | 3281613 |
| ISIN number | CH0032816131 |
| Bloomberg code | SFPN SW Equity |
| Distribution for 2023 | CHF 3.60 |
| Distribution yield as at 31 December 2023 | 3.87% |
Market Value by Region (as at 30 June 2024)
Type of Usage (as at 30 June 2024)
Performance (reset on base 100)
Cumulative Performance (in %)
| YTD | 1 mt | 3 mts | 1 year | 3 years | 5 years | Since Inception | |
| SFUP | 5.52% | 1.72% | 4.42% | 10.26% | 5.67% | 19.76% | 136.97% |
| Benchmark | 8.85% | -0.02% | 7.53% | 15.08% | 10.24% | 15.10% | 215.08% |
Ratios
| Ratios on return and performance | Unit | 30 Jun. 2024 | 31 Dec. 2023 |
| Investment yield | % | 2.08 | (3.07) |
| EBIT margin investment properties excl. revaluation | % | 63.63 | 61.90 |
| Return on equity (ROE) excl. Revaluation | % | 3.40 | 3.81 |
| Distribution yield | % | n/a | 3.87 |
| Ratios on the financial markets | Unit | 30 Jun. 2024 | 31 Dec. 2023 |
| Premium | % | (18.34) | (17.82) |
| Share price | CHF | 90.40 | 93.00 |
| Ratios on the balance sheet | Unit | 30 Jun. 2024 | 31 Dec. 2023 |
| Market value of properties | CHF | 765 548 588 | 745 645 483 |
| Gross asset value | CHF | 825 453 677 | 836 463 615 |
| Net fund assets | CHF | 371 924 764 | 379 966 710 |
| Borrowing ratio | % | 44.21 | 44.30 |
| LTV (Loan-to-Value) | % | 45.34 | 45.94 |
| Ratios on the income statement | Unit | 30 Jun. 2024 | 30 Jun. 2023 |
| Rental income | CHF | 15 570 233 | 14 725 040 |
| Total operating income before revaluations | CHF | 23 988 992 | 23 765 860 |
| Ratios on the units | Unit | 30 Jun. 2024 | 31 Dec. 2023 |
| Net asset value | CHF | 110.71 | 113.17 |
| Distribution per unit | CHF | 3.60 | 3.60 |
| ‒ of which free of withholding tax | CHF | 2.90 | 2.90 |
| Units at end of reporting period | pc. | 3 351 930 | 3 351 930 |
| Ratios on the portfolio | Unit | 30 Jun. 2024 | 31 Dec. 2023 |
| Number of investment properties | pc. | 49 | 47 |
| Number of development properties | pc. | 4 | 6 |
| Gross yield | % | 4.26 | 4.20 |
| Real discount rate | % | 2.79 | 2.76 |
| Nominal discount rate | % | 4.07 | 4.05 |
| Vacancy rate as at reporting date | % | 1.76 | 1.26 |
| WAULT in years | years | 3.70 | 3.70 |
GRESB Rating
| GRESB Rating Standing Investment | 4 out of 5 |
| GRESB Score Standing Investment | 82 out of 100 |
| GRESB Average | 76 out of 100 |
| GRESB Peer Average | 76 out of 100 |
GRESB Portfolio Summary
Source: GRESB
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GRESB ESG Breakdown
Source: GRESB
The information in the factsheet linked below is relevant.