SF Urban Properties Ltd: Increase in value of real estate portfolio and interest rate hedging transactions as at 30 June 2022

• Like-for-like change in value of investment portfolio of CHF 17.8 million (+2.5%) before investments
• Positive adjustment of CHF 27.7 million in interest rate hedging transaction portfolio

Based on provisional, unaudited figures, the value of the investment portfolio of SF Urban Properties Ltd (SIX Swiss Exchange: SFPN) increased by CHF 17.8 million (before investments) in the semi-annual financial statements as at 30 June 2022 on a like-for-like basis. This is an increase of 2.5% in comparison to 31 December 2021.

The portfolio of interest rate hedging transactions also underwent a positive adjustment of CHF 27.7 million based on a provisional valuation, from CHF -24.3 million to CHF 3.4 million, on account of the interest rate trends in the first half of 2022. This impact of this effect on net profit is only marginal, but it does increase the figure for equity in the income statement. Given the current developments with respect to interest rates, SF Urban Properties Ltd has recently also benefited from its relatively long average fixed interest period of 6.9 years. 

SF Urban Properties Ltd will publish its semi-annual financial statements for 2022 on 24 August 2022.