SFP AST Swiss Real Estate is an investment group of the SFP Investment Foundation that invests directly in Swiss real estate. The aim is to continuously build up a diversified portfolio in terms of usage type and region.
The investment strategy provides for a portfolio split of at least 40% residential and at least 40% commercial. At least 70% is invested in existing properties and a maximum of 30% in construction projects and project developments. The regional allocation provides for a broadly diversified portfolio across Switzerland.
| NAV CHF | 1 166.22 |
SFP AST Swiss Real Estate is an investment group of the SFP Investment Foundation that invests directly in Swiss real estate. The aim is to continually build up a portfolio that is diversified by usage and region. The investment strategy envisages a portfolio split of at least 40% residential and at least 40% commercial usage. At least 70% is invested in existing real estate and a maximum of 30% in construction projects and project development. The regional split allows for a portfolio that is broadly diversified throughout Switzerland. The focus here is on Zurich, Basel, Bern and St. Gallen as well as Western and Central Switzerland.
| Investment group | SFP AST Swiss Real Estate |
| Asset manager | Swiss Finance & Property Funds Ltd |
| Audit firm | PricewaterhouseCoopers AG |
| Custodian bank | Banque Cantonale Vaudoise |
| Reference currency | CHF |
| Benchmark | KGAST Immo-Index Mixed |
| Launch date | 14 December 2018 |
| Securities/ISIN number | 43753274 / CH0437532747 |
| Bloomberg code | SFPCHRE SW |
| Management fee | 0.35% p.a. of total assets |
| units | ||
| Number of properties | number | 43 |
| Market value of real estate | CHF | 803 547 552 |
| Gross yield | % | 3.80 |
| YTD | 1 mt | 3 mts | 1 year | 3 years | 5 years | Since Inception | |
| Investment group | 2.57% | 0.19% | 0.74% | 3.03% | 10.44% | 20.76% | 22.10% |
| Benchmark | 2.59% | 0.43% | 1.00% | 3.15% | 10.93% | 22.00% | 26.40% |
| Ratios on return and performance | Unit | 31 Dec. 2023 | 31 Dec. 2022 |
| Investment yield | % | 1.72 | 3.73 |
| Operating profit margin | % | 69.21 | 65.65 |
| Return on equity | % | 1.61 | 3.18 |
| Return on invested capital (ROIC) | % | 1.49 | 2.72 |
| Distribution yield | % | 2.41 | 2.39 |
| Payout ratio | % | 92.40 | 92.03 |
| Ratios on the balance sheet | Unit | 31 Dec. 2023 | 31 Dec. 2022 |
| Market value of properties | CHF | 674 422 000 | 536 044 000 |
| Gross asset value | CHF | 684 000 436 | 562 082 980 |
| Net assets | CHF | 599 467 708 | 524 308 216 |
| Borrowing ratio | % | 11.11 | 5.44 |
| Ratios on the income statement | Unit | 31 Dec. 2023 | 31 Dec. 2022 |
| Rental income | CHF | 23 091 765 | 15 885 811 |
| Rent default rate | % | 0.97 | 1.98 |
| Net income | CHF | 15 633 378 | 13 630 777 |
| TERREF (GAV) | % | 0.54 | 0.57 |
| TERREF (NAV) | % | 0.64 | 0.71 |
| Ratios on the units | Unit | 31 Dec. 2023 | 31 Dec. 2022 |
| Net asset value | CHF | 1 161.98 | 1 170.35 |
| Units at end of reporting period | pc. | 515 900 | 447 995 |
| GRESB Rating Standing Investment | 3 out of 5 |
| GRESB Score Standing Investment | 81 out of 100 |
| GRESB Average | 76 out of 100 |
| GRESB Peer Average | 83 out of 100 |
Source: GRESB
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Source: GRESB
The information in the factsheet linked below is relevant.
The long-term objective of SFP AST Swiss Real Estate is to achieve the Federal Council's climate targets for 2030 and 2050 (net zero by 2050 at the latest) by implementing the climate-alignment sustainability approach. Sustainability aspects are considered both in the investment process and along the investment and property life cycles.
The investment objective, investment policy and sustainability policy of SFP AST Swiss Real Estate are defined in the prospectus with integrated investment guidelines. The asset manager Swiss Finance & Property Funds Ltd has developed the sustainability strategy in implementation of the directive on sustainability of the Foundation Board.
The portfolio's climate alignment is focused on reducing the environmental footprint over time by lowering its greenhouse gas emissions of the portfolio. The greenhouse gas emissions are defined in accordance with the Greenhouse Gas (GHG) Protocol and comprise scope 1 and scope 2. In the long term, the climate alignment focuses on achieving the Federal Council's climate targets for 2030 and 2050 (net zero by 2050 at the latest), and is supported by reduction paths along with interim targets.
To meet the dynamics of the topic of sustainability, the sustainability strategy as well as the sustainability approaches are systematically revised at least every five years and realigned if necessary.
Portfolio Manager Real Estate Direct
SFP AST Swiss Real Estate
Member of Senior Management
Head Client Relationship Management & Marketing
