SF Retail Properties Fund: Stable half-year results amid challenging environment

• Target rental income climbs to CHF 43.8 million
• WAULT holds steady at 6.5 years through new contracts and systematic renewals
• Portfolio value increases to CHF 763.4 million
• Dividend distribution amounts to CHF 4.35 per share

SF Retail Properties Fund has successfully closed out the first half-year 2020. The turbulent times surrounding the COVID-19-related measures have paved the way for concluding new rental contracts and extending renewals. The weighted average unexpired lease term (WAULT) held steady at a high figure of 6.5 years. The market value of properties grew to CHF 763.4 million as at June 2020. Annual target rental income remained stable at CHF 43.8 million. Net profit for the first half-year 2020 amounted to CHF 13.2 million, corresponding to earnings per share of CHF 2.17.