SF Retail Properties Fund: Very successful financial year 2021

• Market value increased by 8.0% to CHF 869.4 million
• Stable WAULT of 6.5 years thanks to new contracts and targeted renewals
• Acquisition of a property with a market value of CHF 40.6 million
• Target rental income increased up to CHF 47.1 million
• Distribution of CHF 4.35 per unit

Gross asset value increased by 8.1% to CHF 883.6 million and rental income increased 8.1% to CHF 42.8 million. At the same time, the vacancy rate decreased by 1.6 percentage points to 5.5% and the rent default rate was reduced by 2.1 percentage points to 6.3%. The weighted average unexpired lease term (WAULT) remains at a high level of 6.5 years. Net income amounts to CHF 27.6 million, which equals to net income of CHF 4.54 per unit for financial year 2021.