Investis expects net profit in the first half of 2021 significantly higher than the previous year
Zürich, 21 June 2021 | Publication of an ad hoc press release under article 53 RC
Investis expects a significantly higher valuation of its real estate portfolio for the first half of the year. The portfolio consists of over 167 properties and was valued at CHF 1.490 million as of December 31, 2020. CBRE (Geneva) SA, acting as independent external valuation expert for the entire property portfolio of Invested since 2019, revalues the real estate portfolio significantly upwards for June 2021 due to a further reduction in discount rates and an increase in like-for-like rental income. The average real bank rate is expected to decrease to around 2.9% (in December 2020 at 3.15%). This will lead to significantly higher revaluation gains of approximately CHF 125 to 135 million.
Given the expected revaluation gains and the continued strong performance of both segments, Properties and Real Estate Services, Investis expects a net profit in the first half of 2021 significantly higher than the previous year.
Investor Relations / Media
Laurence Bienz, Head Investor & Media Relations
Telephone: +41 58 201 72 42, E-Mail: [email protected]
About Investis Group
Founded in 1994, the Investis group is a leading company in real estate investment in the Lake Geneva region and a national provider of real estate services active in the two complementary segments Properties and Real Estate Services.
Composed almost exclusively of residential buildings located in the Lake Geneva region with apartments in the mid-price segment, Investis’ portfolio was valued at CHF 1.490 million as of December 31, 2020. Through the Real Estate Services segment, real estate services are offered throughout Switzerland under reputable brands.
Additional information: www.investisgroup.com
Disclaimer
Investis Holding SA published this content on June 07, 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on Jun 07, 2022 10:11:11 AM UTC.