Zug Estates Group Reports Strong Financial Results for 2024

Zug Estates Group has announced a significant increase in net income, reaching CHF 58.7 million, a 142.7% rise compared to the previous year. Excluding revaluation and special effects, net income grew by 9.0%, attributed to increased property income, which rose by 5.5% to CHF 69.3 million. The vacancy rate dropped to a low 0.7%, reflecting successful rental activity.

Key portfolio investments and a positive net revaluation effect increased the total portfolio value by 1.7% to CHF 1.86 billion. Additionally, the Board of Directors proposes a 6.8% dividend increase per series B share, reflecting the strong financial performance.

Looking ahead, Zug Estates anticipates a minor rise in property income for 2025, with net income expected to remain stable, accounting for slightly higher financing costs. The ongoing Metalli Living Space project and a new 30-year lease with XUND further illustrate the company's growth prospects.