Annual Report 2011-2012

Key figures

Key figures
in CHF million 1.4.2011 to 31.3.2012 1.4.2010 to 31.3.2011 1.4.2009 to 31.3.2010 1.4.2008 to 31.3.2009 1.4.2007 to 31.3.2008 1
Income statement          
Rental income 73 91 103 123 127
Change in market value of investment properties –3 –17 –7 –238 18
EBITDA (without result from the sale of investment properties) 54 70 77 92 91
Cash flow related operating earnings 17 23 21 18 15
Earnings 4.7 7.3 11.0 –202.0 44.2
EPRA Return on equity 1.2% 1.7% 2.6% –45.5% 5.6%
           
Balance sheet          
Investment properties 1 206 1 282 1 437 1 520 2 027
EPRA Equity 410 423 441 444 787
EPRA Equity ratio 31.8% 30.7% 28.7% 27.2% 36.4%
Equity Ratio 26.3% 27.4% 24.6% 23.7% 35.7%
Mortgages 774 882 1 017 1 063 1 225
Loan to value in % 64.2% 68.8% 70.8% 69.9% 60.4%
           
Key figures per share in CHF          
Cash flow related operating earnings 0.25 0.28 0.21 0.13 0.12
Earnings of shareholders 0.06 –0.01 –0.03 –3.05 0.62
EPRA NAV per share 5.81 5.94 6.25 6.54 10.81
NAV per share 4.78 5.27 5.40 5.77 10.48
Share price 2.52 3.83 4.77 4.11 10.10
Par value reduction 0.10 0.50
           
Portfolio          
EPRA Net Initial Yield (NIY) 5.5% 5.9% 6.1% 6.8% 5.7%
Average interest rate 4.5% 4.5% 4.6% 4.5% 4.5%
Vacancy rate monetary 11.4% 11.4% 11.0% 9.6% 9.4%

1In the financial year 2007/2008 transaction costs in relation with sales are not taken into account (impact on investment properties and equity and the respective ratios).

The above Key figures are either deducted directly from the consolidated income statement or balance sheet, explained in the definition of terms on pages 177 to 179 or calculated in the EPRA Performance Measures on pages 154 to 158.

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Annual Report 2011-2012

Annual Report 2011-2012 (8.16 MB)