SF Urban Properties Ltd: Strong results for the first half of 2022

• Net profit CHF 22.3 million (+45.3%)
• Net profit excluding revaluations and minority shareholder parts CHF 9.2 million (+46.2%)
• Portfolio value of CHF 753.2 million (+4.9%)
• Vacancy rate still low at 2.4% (balance sheet date: 30 June 2022)
• Multiple acquisitions and registrations

The turnaround in interest rates has triggered general uncertainty about the stability and future growth of the real estate market. SF Urban Properties Ltd posted a very good operating result for the first half in spite of this changed market environment. The company increased its rental income while at the same time reducing the vacancy rate from 2.6% at the end of 2021 to 2.4%. Major progress has also been made with respect to development properties. The company still has a solid financial foundation and is on track with the implementation of its sustainability strategy. Renewed revaluations of the properties in the portfolio underline their excellent quality of location.