Strong First Half Performance Propels INVESTIS Holding SA Forward

INVESTIS Holding SA has reported a 1.5% increase in revenue to CHF 117 million in the first half of 2024. The company's Properties segment saw a 7.7% boost in revenue due to acquisitions and rental hikes. A successful sale of the Real Estate Services segment resulted in a CHF 122 million profit.

The company's net asset value per share rose to CHF 107.92 excluding deferred taxes. The low loan-to-value ratio remains at 18.7%, reflecting a solid financial position.

CEO Stéphane Bonvin expressed satisfaction with the company's performance, highlighting successful strategic moves and promising growth foundations.

As the property market revives, INVESTIS continues to focus on acquiring prime real estate and optimizing its portfolio. The Swiss housing market's tight conditions support further rent increases and portfolio value growth.

With additional property acquisitions post-June 2024, INVESTIS looks forward to a strong year-end performance, bolstered by low leverage and high rental potential.