2023-09-26 05:22:02
Lausanne (awp) – The Solvalor 61 real estate fund improved its performance over the staggered 2022-2023 financial year, ending at the end of June. The investment vehicle owned by Realstone intends to pay a stable dividend and benefit from strong demand for rental properties during the new financial year. Real estate acquisitions are planned.
Rental income increased by 2.7% to 61.2 million Swiss francs, while total charges increased by 6.8% to 34.7 million over the period between July 2022 and the end of June 2023. Net profit stood at 28 million, up 1.4% compared to the previous year, according to Solvalor 61’s annual report published on Tuesday.
Growth comes from the integration of new buildings and the organic progression of rents, supported by the renovations carried out on the apartments.
The total assets of the fund increased by 11.4% to 1.45 billion Swiss francs. The latter was notably driven by the integration of three new buildings in Clarens and Carouge for a total purchase price of 35.8 million. The net asset value (NAV) reached 230.73 Swiss francs per share.
Thanks to this solid performance, Solvalor 61 will be able to pay a stable dividend of 5.30 Swiss francs per share.
“The imbalance between supply and demand for housing continues to support the decline in vacancy, while rental income should continue to grow following the increase in the reference interest rate for rental leases,” detailed the fund. for perspective.
The investment vehicle wants to continue acquiring residential properties and says it is open to the possibility of seeing owners exchange their buildings for shares in the fund.
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