EPIC Suisse AG Reports Strong Operational and Financial Results for 2023

EPIC Suisse AG, a key player in the Swiss real estate market, announced a notable improvement in its operating performance for the year ending December 31, 2023. The company witnessed a 6.3% increase in rental income to CHF 65.3 million compared to CHF 61.5 million in 2022. This growth is attributed to indexation, a decrease in rent-free periods, and a reduction in vacancy rates to 4.6% from 5.8% in 2022. The total value of the real estate portfolio also saw a rise by 2.2% to CHF 1’535.5 million, spurred by the advancement of ongoing development projects.

Further financial highlights include a solid equity ratio of 51.0%, alongside a moderate revaluation variation in the portfolio of -0.6%. Adjustments excluding revaluation led to an EBITDA of CHF 52.4 million for 2023, marking a 7.0% increase from the previous year. The company plans to propose a dividend increase of 3.3% to CHF 3.10 per share at the forthcoming Annual General Meeting (AGM) in April 2024, reflecting the positive results.

Capital expenditures amounted to CHF 43.4 million, primarily focused on development projects, including the PULSE project in Cheseaux-sur-Lausanne and Building C (Campus Leman) in Morges. Additionally, the net asset value per share stood at CHF 77.92 as of December 31, 2023.

Committed to environmental sustainability, the company has expanded its Sustainability Report 2023 in line with GRI standards, including a decarbonisation pathway and carbon emissions data from its portfolio. EPIC Suisse remains optimistic about the Swiss economy's growth in 2024, anticipating rental income to stay robust and aligned with the 2023 figures.