HSC Fund Demonstrates Financial Resilience in 2023 with Stable Sales and Unchanged Dividend

The Helvetica Swiss Commercial Fund (HSC Fund) concluded the 2023 financial year displaying significant resilience. Despite the various challenges, the fund managed to maintain a stable result compared with the previous year, according to a recent press release. Prominently, it announced the decision to keep its dividend distribution unchanged at CHF 5.35 per share, reflecting a consistent financial strategy amidst a tumultuous market.

In a move to bolster its financial health, the HSC Fund successfully decreased its debt financing while extending the term to 26.84%. Impressively, the fund maintained a high occupancy rate and stable gross yield at 95%, underlining the strength of its asset management strategy and tenant relations.

On the portfolio front, recent sales of two properties above market value contributed to a total decrease in the market value of the portfolio by 5% to CHF 720 million. This was despite a market-related valuation adjustment of -1.7%. No new real estate acquisitions were reported during the period.

The financial year also marked the initiation of a merger process with the Helvetica Swiss Opportunity Fund (HSO Fund), aiming to consolidate resources and streamline operations. This strategic move awaits approval from FINMA, with the expectation to complete the merger by the second quarter of 2024.

These developments collectively signal a strategic approach by the HSC Fund to navigate through a challenging fiscal environment while laying the groundwork for sustainable growth and stability.