SF Retail Properties Fund: Strong half-year results and higher net income

• Net income increased to CHF 14.40 million in first half of 2022
• Vacancy rate as at 30 June 2022 declined further from 5.49% to 4.82%
• Management fee reduced by 10 basis points to 0.65% from 1 January 2022
• Sale of ten properties results in capital gain of CHF 2.26 million
• EBIT margin increased to 72.15%

The market value of the properties increased to CHF 862.1 million as at 30 June 2022. The target rental income for the first half of 2022 was CHF 23.09 million. Net income for the first half of 2022 increased to CHF 14.40 million, equivalent to net income of CHF 2.37 per unit. Compared to June 2021, the EBIT margin improved by 3.23 percentage points to 72.15%. The weighted average unexpired lease term (WAULT) of the SF Retail Properties Fund portfolio remained constant at a high level of 6.2 years as at 30 June 2022.