A favorable first half 2019 for SF Urban Properties AG

• Slight decline in the EBIT margin from 74.5% to 73.7%
• Net profit excluding revaluation effects increased by 41.7% year-on-year to CHF 7.5 million
• Portfolio value grew by 1.5% to CHF 654.7 million
• One-off effect from the tax reform (tax reform and AHV financing; TRAF)

SF Urban Properties AG (SFUP) (SIX Swiss Exchange: SFPN) can look back on a successful first half 2019. Selective restructuring led to an excellent result. Together with the ongoing optimisation of the operating expenses, it was possible to noticeably improve the operating income.