SF Urban Properties AG: Financial Year 2020

• Net profit excluding revaluations of CHF 23.9 million (+92.8%)
• Net profit including revaluations of CHF 23.0 million (+23.8%)
• Portfolio value fell 1.5% to CHF 638.3 million due to sale of property
• Vacancy rate low at 2.62% (reference date: 31 December 2020)
• Unchanged cash dividend of CHF 3.60 per listed ordinary share

SF Urban Properties Ltd can look back on an encouraging financial year 2020, despite challenges relating to the pandemic. The sale of a property and the fact that vacancy rates were still low resulted in profit that was much higher than in the previous year. Rental income fell only slightly. The Board of Directors is proposing an unchanged cash dividend of CHF 3.60 per listed ordinary share with a nominal value of CHF 9.00, predominantly in the form of a distribution from the capital contribution reserves. This gives a dividend yield of around 3.7% based on the share price on 31 December 2020.