The SF Sustainable Property Fund invests in real estate and real estate projects in the whole of Switzerland. The real estate fund mainly focuses on residential use.
The real estate fund systematically and step-by-step optimises properties in line with defined sustainability criteria (ESG) during the period of ownership. With the objective being to reach the Federal Council’s climate objectives for 2030 and 2050 (net zero by 2050 at the latest), the focus falls mainly on environmental criteria (E of ESG), in particular on the improvement of energy efficiency and the reduction of greenhouse gas emissions.
| Price CHF | 127.00 |
The SF Sustainable Property Fund invests in real estate and real estate projects in the whole of Switzerland. The real estate fund mainly focuses on residential use. The real estate fund systematically and step-by-step optimises properties in line with defined sustainability criteria (ESG) during the period of ownership.
| Name | SF Sustainable Property Fund |
| Fund management company | Swiss Finance & Property Funds Ltd |
| Auditors | PricewaterhouseCoopers AG |
| Depositary bank | UBS Switzerland AG |
| Valuation expert | Wüest Partner AG |
| Market Maker | Swiss Finance & Property Ltd |
| Legal form | Investment funds under Swiss law in the "real estate funds" category |
| Holding structure real estate | Direct property |
| Reference currency | CHF |
| Benchmark | SXI Real Estate Funds Broad |
| Launch date | 27 December 2010 |
| Listing | 17 November 2014 |
| Security / ISIN number | 12079125 / CH0120791253 |
| Bloomberg code | SFPF SW |
| Management fee | 0.55% p.a. |
| Tax value per unit as at 31 December 2023 | CHF 1.68 |
| Market capitalisation as at 30 April 2024 | CHF 997.4 mn |
| YTD | 1 mt | 3 mts | 1 year | 3 years | 5 years | Since Inception | |
| Fund | -1.55% | -1.55% | -0.78% | 3.01% | -9.68% | 1.30% | 124.51% |
| Benchmark | -1.39% | -1.39% | 3.17% | 13.17% | 3.51% | 18.55% | 111.03% |
| Ratios on return and performance | Unit | 30 Jun. 2024 | 31 Dec. 2023 |
| Investment yield | % | 0.721 | -1.22 |
| Operating profit margin | % | 62.00 | 60.86 |
| Return on equity | % | 0.701 | -1.18 |
| Return on invested capital (ROIC) | % | 0.641 | -0.46 |
| Dividend yield | % | n/a | 2.59 |
| Payout ratio | % | n/a | 106.40 |
| Premium | % | 1.32 | 3.08 |
| Ratios on the balance sheet | Unit | 30 Jun. 2024 | 31 Dec. 2023 |
| Market value of properties | CHF | 1 451 146 000 | 1 450 063 000 |
| Gross asset value | CHF | 1 470 402 079 | 1 469 835 767 |
| Net fund assets | CHF | 988 555 912 | 1 008 402 386 |
| Borrowing ratio | % | 27.25 | 25.80 |
| Ratios on the income statement | Unit | 30 Jun. 2024 | 30 Jun. 2023 |
| Rental income | CHF | 26 035 356 | 26 785 189 |
| Rent default rate2 | % | 7.05 | 7.08 |
| Net income | CHF | 12 854 148 | 12 404 407 |
| Fund operating expense ratio TERREF (GAV) | % | 0.76 | 0.78 |
| Fund operating expense ratio TERREF (MV) | % | 1.13 | 1.16 |
| Ratios on the units | Unit | 30 Jun. 2024 | 31 Dec. 2023 |
| Net asset value at end of reporting period | CHF | 117.45 | 119.81 |
| Distribution per unit | CHF | n/a | 3.20 |
| Units at beginning of reporting period | pc. | 8 416 494 | 8 416 494 |
| GRESB Rating Standing Investment | 4 out of 5 |
| GRESB Score Standing Investment | 85 out of 100 |
| GRESB Average | 76 out of 100 |
| GRESB Peer Average | 82 out of 100 |
Source: GRESB
All intellectual property rights to this data belong exclusively to GRESB B.V. All rights reserved. GRESB B.V. has no liability to any person (including a natural person, corporate or unincorporated body) for any losses, damages, costs, expenses or other liabilities suffered as a result of any use of or reliance on any of the information which may be attributed to it
Source: GRESB
The information in the factsheet linked below is relevant.
With its sustainability strategy, the SF Sustainable Property Fund aims to optimise the properties systematically and gradually and with regard to defined sustainability criteria. ESG requirements are considered throughout the entire investment process along the real estate life and investment cycles.
The investment objective, investment policy and sustainability strategy of the SF Sustainable Property Fund are defined in the prospectus with integrated fund contract. The following is a summary of the sustainability strategy.
The goal of the sustainability strategy of the SF Sustainable Property Fund is to achieve net zero by 2050 at the latest (climate targets 2030 and 2050 of the Federal Council). The targeted impact is to be achieved through a combination of sustainability approaches. Corresponding sustainability criteria and key performance indicators have been defined to implement the sustainability approaches. The focus is on increasing energy efficiency and reducing greenhouse gas emissions.
In addition to a financial return, a measurable, positive ecological impact should also be achieved. Impact investments have three main characteristics: The intentionality of an investment in terms of positive environmental impact, the management process, and the measurability of impact through relevant key performance indicators.
ESG risks and opportunities are incorporated into traditional financial analysis and investment decisions based on a systematic process and appropriate research sources.
Environmental sustainability criteria: Increase in energy efficiency & reduction of greenhouse gas emissions (reduction paths)
Social sustainability criteria: Promotion of sustainable mobility options and enhancement of the quality of stay and accessibility in new buildings and overall renovations.
Sustainability criteria for good corporate governance: transparent sustainability reporting, ESG task force, specific assessment of sustainability risks.
[1] If the certification costs exceed 5% of the total costs of the new building, additional certification can be waived as an exception.
Properties are excluded from the investment policy based on defined exclusion criteria.
Here you can find the description of the key performance indicators existing properties and new building and complete renovation.
Portfolio Manager Real Estate Direct
SF Sustainable Property Fund
Head Client Relationship Management & Marketing
