SF Retail Properties Fund – Very successful interim result as at 30 June 2019

• Market value increased to CHF 717.7 million
• Expected rental income went up to CHF 41.2 million
• Increase in unexpired contract terms to 6.9 years thanks to new business and targeted extensions

The SF Retail Properties Fund was very successful in the first half of 2019. It concluded new leases in ten locations and extended twelve existing ones by five years during this period. The weighted average unexpired lease term (WAULT) rose marginally to a peak value of 6.9 years compared to 31 December 2018. At the same time, the market value of the properties increased to CHF 717.7 million as at 30 June 2019 (30.06.2018: CHF 682.3 million). Annual target rental income went up to CHF 41.2 million. Net income stood at CHF 12.91 million, equivalent to net income for the half year proportionately of CHF 2.32.