Selected Key Figures

Continuing operations




Change in %
Rental income from propertiesCHF m432.8438.31.3
EPRA like-for-like change relative%2.04.3115.0
Income from asset managementCHF m52.049.7– 4.4
Income from retailCHF m132.1126.5– 4.2
Total operating incomeCHF m646.6658.61.9
Revaluation of investment properties, netCHF m169.7250.5– 247.6
Result from investment property sales, netCHF m50.913.0– 74.4
Operating result before depreciation and amortisation (EBITDA)CHF m591.3158.1– 73.3
Operating result (EBIT)CHF m549.7152.5– 72.3
ProfitCHF m397.186.7– 78.2
Return on equity (ROE)%6.11.3– 78.7
Return on invested capital (ROIC)%3.21.2– 62.5
Earnings per share (EPS)CHF5.181.13– 78.2
Funds from operations per share (FFO I)CHF4.004.051.3
Continuing and discontinued operations excluding revaluations effects    
Operating result before depreciation and amortisation (EBITDA)CHF m448.6562.225.3
Operating result (EBIT)CHF m389.6553.342.0
ProfitCHF m300.6459.853.0
Return on equity (ROE)%4.76.844.7
Return on invested capital (ROIC)%2.63.950.0
Earnings per share (EPS)CHF3.925.9952.8

Funds from operations per share (FFO I)

CHF4.264.12– 3.3
Key balance sheet figures    
Shareholders´ equityCHF m6 569.36 537.4– 0.5
Equity ratio%47.747.4– 0.6
LiabilitiesCHF m7 201.97 240.90.5
Loan-to-value ratio of property portfolio (LTV)1%38.839.82.6
NAV before deferred taxes per share2CHF102.96102.05– 0.9
NAV after deferred taxes per share2CHF85.6485.21– 0.5
EPRA NTA per shareCHF102.69101.52– 1.1
Real estate portfolio    
Fair value of real estate portfolioCHF m13 087.713 074.6– 0.1
   of which projects/development propertiesCHF m1 117.3853.3– 23.6
Number of propertiesnumber176158– 9.7
Rental floor spacem21 653 4561 678 2171.5
Vacancy rate%4.34.0– 7.0
Average nominal discount rate%3.724.048.6
Net property yield%3.13.1
Number of employees as at balance sheet datepersons1 779674– 62.1
Full-time equivalents as at balance sheet dateFTE1 567570– 63.6

1 Receivables secured by bank guarantees were deducted from financial liabilities in the financial year 2023

2 Asset Management, Retail and Corporate & Shared Services segments are included at book values and not at fair values

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