immo!nvest – Die Plattform für Standorte und Immobilien

Tag: Gewinne

  • Property developer reduces profits to strengthen future investments

    Property developer reduces profits to strengthen future investments

    SitEX Properties Holding AG generated gross sales of CHF 10.86 million in the first half of the year, the Schwyz-based property development company announced in a press release. In the same period last year, gross sales totalled 32.70 million Swiss francs. Net profit after tax fell from CHF 7.34 million to CHF 1.51 million in the same period.

    “Over the past ten years, sitEX has been fortunate enough to achieve profitable half-year and annual results without exception,” CEO Beat Kähli is quoted as saying in the press release. However, the company, which specialises in real estate in Switzerland and the USA, is currently “in an investment phase, which is why only small profits could be achieved compared to previous years”. According to Kähli, sitEX currently has a development pipeline totalling more than CHF 5 billion. This “secures the basis for future sustainable profits”, according to the company boss.

    In recent years, sitEX has distributed around CHF 60 million of its profits to shareholders. This year and next, however, the company intends to concentrate on repaying liabilities and investments, explains Christoph Stutz, Chairman of the Board of Directors of sitEX.

  • PropTech start-up secures three prizes in June 2024

    PropTech start-up secures three prizes in June 2024

    Optiml has won three prestigious awards just over two months after launching its NetZero investment and renovation planning solution for the property industry in June 2024, according to its press release. The company, based in Technopark Zurich, was honoured in Berlin with the ZIA PropTech of the Year Award from the German Property Federation (ZIA), under the patronage of CBRE, the world’s largest real estate services and investment company based in Dallas, Texas. Optiml also received a W.A. De Vigier Award from the Solothurn foundation of the same name. And it came second in the ICT category of the Venture Startup Competition.

    “With its NetZero investment and renovation planning, Optiml offers a digital solution for one of the most pressing pains of our real estate decade,” said ZIA Awards jury chairwoman Prof. Dr Verena Rock at the award ceremony, according to a statement from the ZIA. “With this solution, budgets, cash flows and returns can finally be digitally mapped at asset and portfolio level during energy-efficient refurbishment.”

    The refurbishment and decarbonisation software from the spin-off of the Swiss Federal Institute of Technology in Zurich, founded in 2022, is based on years of research in the ETH Sustainability and Technology Group(SusTec). It uses science-based optimisation algorithms and artificial intelligence.

    According to Evan Petkov, CEO and co-founder of Optiml, the awards confirm “that the industry has never seen anything comparable for renovation or decarbonisation plans”. Optiml now wants to convince the DACH region and then Europe of its software.

  • Revaluations reduce Fundamenta Real Estate’s profits

    Revaluations reduce Fundamenta Real Estate’s profits

    Fundamenta Real Estate has maintained its net actual rental income for 2023 at the previous year’s level of CHF 41.0 million, the Zug-based real estate company announced in a press release. At the same time, the vacancy rate was reduced from 1.6 to 1.3 per cent. Revaluations in the property portfolio reduced net profit from 22.3 million francs in the previous year to 8.3 million francs in the reporting year.

    Excluding revaluations, however, net profit was 2.3 per cent higher than in 2022 at CHF 20.3 million. Fundamenta Real Estate attributes this primarily to a year-on-year reduction in administrative expenses of 20.6 per cent and lower income taxes. At CHF 10.0 million, impairments also accounted for only 0.8 per cent of the volume of the property portfolio. The portfolio was valued at CHF 1.20 billion at the end of 2023.

    “Despite a significantly changed market environment with significantly higher interest costs and ongoing developments in the portfolio, we have demonstrated our operational profitability and stability,” said Andreas Spahni, Chairman and Delegate of the Board of Directors of Fundamenta Real Estate, in the press release. “We also see opportunities to further expand our portfolio, which is already highly sustainable and value-preserving, in order to continuously improve our earnings structure.”

    The shareholders of the property company are to participate in the profits with a dividend of CHF 0.55 per share. The necessary distribution totalling CHF 16.5 million corresponds to 81.3 percent of net profit excluding revaluation.