Helvetica Swiss Living Fund Implements Strategic Optimizations

Zurich, September 3, 2024 – The Helvetica Swiss Living Fund (HSL Fund) concluded the first half of 2024 with increased earning power, a targeted portfolio, and a solid financial result. Key improvements include reducing the debt financing ratio to 31.5% and a cut in the management fee to 0.45%, setting a new foundation for prospective growth.

The Fund achieved a net income of CHF 5.4 million, contributing CHF 1.40 per unit. The EBIT margin rose to 63%, backed by stable rental income and an impressive occupancy rate of 96%. Eight properties totaling CHF 75 million were sold, improving portfolio quality.

Further, five additional properties valued at CHF 109 million were sold in July and August. The portfolio now stands with 48 residential properties, emphasizing suburban regions with lower rent segments in demand. The gross yield was over 4.1%.

The Fund’s long-term debt financing has increased to 22%. The total debt financing ratio now stands at 31.5%. Targeted measures are in place to further reduce fossil-fuel usage, aligning with the net zero emission goal by 2050.

Future plans include selling more properties to bring the debt financing ratio within the 25-28% range and boosting long-term debt to 30-50%. These measures aim to solidify the Fund's value and sustainable growth potential.