SF Commercial Properties Fund: Constant first half-year 2020

• More than 4,000 square metres leased despite COVID-19
• Vacancy rate declines to 19.5%
• Stable WAULT at 6.0 years
• Portfolio value amounts to CHF 316.0 million following property divestment

SF Commercial Properties Fund looks back at a constant first half-year 2020 despite COVID-19. More than 4,000 square metres have been leased thanks to active management. The vacancy rate was therefore reduced to 19.5% in the reporting period. The weighted average unexpired lease term (WAULT) amounts to a good 6.0 years. The market value of the 18 properties declined to CHF 316.0 million through divestment of the property located in Rheinfelden for CHF 3.5 million as well as a COVID-19-related slight correction. The average gross yield amounts to an unchanged 6.6%. Realised profit totalled CHF 4.9 million in the first half-year, corresponding to earnings per share of CHF 2.01.