HIAG Reports Growth in Rental Income and Successful Development Projects

HIAG Immobilien Holding AG has released its half-year results for 2024, showcasing a promising financial performance. The key highlight is a 5.3% rise in property income, reaching CHF 37.1 million. The company also reported a record-low vacancy rate of 3.5%, indicative of strong leasing activity in properties across Biberist, Windisch, and Cham.

The development portfolio made significant strides, contributing CHF 11.1 million to earnings, almost doubling from CHF 5.3 million in H1 2023. Completion of projects such as the "Librec" commercial property in Biberist and the "kessel haus" in Windisch was crucial to this achievement.

HIAG's net income surged by 63.5% to CHF 36.2 million. This result is buoyed by positive valuation adjustments and tax savings, resulting from the merger of subsidiaries. The company's balance sheet remains robust with an equity ratio of 53.6% and a net loan-to-value ratio of 39.5%.

Looking forward, HIAG expects 2024 to be a strong business year, underpinned by favorable economic conditions and a solid project pipeline. The stable development of the Swiss economy is poised to support continued growth and adherence to the current dividend policy.