Swiss Life REF (CH) ESG Swiss Properties: low vacancies and stable income in the first half of 2022/2023

Zurich, 25 May 2023
Ad hoc announcement pursuant to Art. 53 LR

Swiss Life REF (CH) ESG Swiss Properties: low vacancies and stable income in the first half of 2022/2023

The Swiss Life REF (CH) ESG Swiss Properties real estate fund invests in residential properties in Swiss cities and their suburbs as well as in centrally located commercial premises. At the half-year mark on 31 March 2023, the fund had 161 properties with a market value of around CHF 2562 million.

In the first half-year period of 2022/2023, Swiss Life REF (CH) ESG Swiss Properties generated net income of CHF 20.26 million or CHF 1.25 per unit. In addition, the sale of a residential portfolio with five smaller apartment buildings realised a capital gain of CHF 3.81 million. The rent default rate was reduced again and stood at a low 1.76% as at 31 March 2023 (31 March 2022: 2.97%).

At the end of the half-year as at 31 March 2023, the net asset value was CHF 114.34 (31 March 2022: CHF 112.01). This corresponds to a 2.1% rise compared with the previous year. On 15 December 2022, the fund acquired a high-quality real estate portfolio from Swiss Life Ltd. The 15 properties, with a market value of around CHF 242 million, further increased the diversification and stability of the portfolio and offer rental income potential over the long term.

Since its launch in November 2015, Swiss Life REF (CH) ESG Swiss Properties has posted an annualised performance (price trend and distributions) of 6.04%, which is 2.01% higher than the reference index (SXI Real Estate Funds TR Index: 4.03%).

You can find the half-year report and further information on the fund on our website.

Fund information

Information
Media Relations
Phone +41 43 284 77 77
media.relations@swisslife.ch

Investor Relations
Phone +41 43 284 52 76
investor.relations@swisslife.ch

www.swisslife-am.com   
 

Swiss Life Asset Managers
Swiss Life Asset Managers has more than 165 years of experience in managing the assets of the Swiss Life Group. This insurance background has exerted a key influence on the investment philosophy of Swiss Life Asset Managers, which is governed by such principles as value preservation, the generation of consistent and sustainable performance and a responsible approach to risks. Swiss Life Asset Managers offers this proven approach to third-party clients in Switzerland, France, Germany, Luxembourg, the UK and the Nordic countries.

As at 31 December 2022, Swiss Life Asset Managers managed a total volume of CHF 250.1 billion in assets for the Swiss Life Group, including over CHF 105.4 billion for third-party asset management. Swiss Life Asset Managers is also a leading real estate manager¹ in Europe. with CHF 88.9 billion of a total volume of CHF 250.1 billion in assets under management invested in real estate. In addition, Swiss Life Asset Managers, in cooperation with Livit, manages real estate worth a total of CHF 21.9 billion. Total real estate under management as at the end of December 2022 thus stood at CHF 110.8 billion.  

Swiss Life Asset Managers employs more than 2100 people in Europe.

Self-determined Life
Swiss Life enables people to lead a self-determined life and look to the future with confidence. Swiss Life Asset Managers pursues the same goal: We think long-term and act responsibly. We use our knowledge and experience to develop future-oriented investment solutions. This is how we support our customers in achieving their long-term investment objectives, which in turn also take account of their client’s needs so they can plan their financial future in a self-determined manner.

¹ INREV Fund Manager Survey 2022 (AuM as of 31.12.2021)

Disclaimer
This announcement has been produced with the greatest of care and to the best of our knowledge and belief. However, we do not accept any liability for losses which might arise from making use of this information. This publication is not intended as a solicitation or recommendation to buy or sell investment instruments but only serves to provide information. Prior to subscribing or acquiring fund units on the stock exchange, investors should obtain and carefully read the detailed information on the fund contained in the regulatory documentation (prospectus with integrated fund contract, PRIIP-KID and the latest annual and semi-annual reports) that serve as the sole legal basis for the purchase of fund units. They may be ordered free of charge in electronic or printed form from the fund management company, Swiss Life Asset Management Ltd., General-Guisan-Quai 40, 8002 Zurich. Past performance is not an indicator of current or future performance. The performance data do not include commissions and costs incurred when issuing and redeeming fund units. Both Swiss Life Ltd. and the other members of the Swiss Life Group are entitled to positions in this fund and to their purchase and/or sale. Swiss Life Asset Managers funds may not be offered for sale or sold in the US or on behalf of US citizens or US person residing in the US. “Swiss Life Asset Managers” is the brand name for the asset management activities of the Swiss Life Group. More information is available at www.swisslife-am.com. Source: Swiss Life Asset Managers (unless stated otherwise). All rights reserved. Contact: info@swisslife-am.com.