The SF Commercial Properties Fund invests primarily in a diversified real estate portfolio of commercial properties throughout Switzerland with a focus on logistics, storage, commercial and industrial spaces, and manufacturing.
In addition to excellent transport connections, the potential for value appreciation and tenant creditworthiness are key investment criteria. The long-term objective of the fund is to achieve the Federal Council's climate targets for 2030 and 2050 by implementing the climate-alignment sustainability approach.
| Price CHF | 78.20 |
The SF Commercial Properties Fund invests primarily in a diversified real estate portfolio of commercial properties throughout Switzerland with a focus on logistics, storage, commercial and industrial spaces, and manufacturing. In addition to excellent transport connections, the potential for value appreciation and tenant creditworthiness are key investment criteria.
| Name | SF Commercial Properties Fund |
| Fund management company | Swiss Finance & Property Funds Ltd |
| Auditors | PricewaterhouseCoopers AG |
| Depositary bank | Banque Cantonale Vaudoise |
| Valuation expert | Wüest Partner AG |
| Market Maker | Swiss Finance & Property Ltd |
| Legal form | Investment funds under Swiss law in the "real estate funds" category |
| Holding structure real estate | Indirect property |
| Reference currency | CHF |
| Benchmark | SXI Real Estate Funds Broad |
| Launch date | 13 December 2016 |
| Listing | 24 November 2017 |
| Security / ISIN number | 34479969 / CH0344799694 |
| Bloomberg code | SFC SW |
| Management fee | 0.65% p.a. |
| Tax value per unit as at 31 December 2023 | CHF 78.40 |
| Market capitalisation as at 31 March 2024 | CHF 187.7 mn |
(reset on base 100)
| YTD | 1 mt | 3 mts | 1 year | 3 years | 5 years | Since Inception | |
| Fund | 4.97% | 0.60% | 4.97% | 6.51% | -5.56% | -3.47% | 7.32% |
| Benchmark | 5.92% | 3.04% | 5.92% | 11.72% | 0.86% | 24.87% | 36.69% |
| Ratios on return and performance | Unit | 31 Dec. 2023 | 31 Dec. 2022 |
| Investment yield | % | -4.76 | 3.00 |
| Operating profit margin | % | 68.29 | 65.08 |
| Return on equity | % | -4.55 | 2.87 |
| Return on invested capital (ROIC) | % | -2.81 | 2.14 |
| Dividend yield | % | 5.42 | 5.04 |
| Payout ratio | % | 102.69 | 103.08 |
| Premium | % | -10.91 | -12.68 |
| Ratios on the balance sheet | Unit | 31 Dec. 2023 | 31 Dec. 2022 |
| Market value of properties | CHF | 279 550 000 | 328 350 000 |
| Gross asset value | CHF | 310 081 467 | 333 857 712 |
| Net fund assets | CHF | 211 213 800 | 231 965 859 |
| Borrowing ratio | % | 30.41 | 26.77 |
| Ratios on the income statement | Unit | 31 Dec. 2023 | 31 Dec. 2022 |
| Rental income | CHF | 16 730 991 | 16 635 159 |
| Rent default rate | % | 15.40 | 14.96 |
| Net income | CHF | 9 932 770 | 9 894 873 |
| Fund operating expense ratio TERREF (GAV) | % | 0.91 | 0.91 |
| Fund operating expense ratio TERREF (MV) | % | 1.55 | 1.47 |
| Ratios on the units | Unit | 31 Dec. 2023 | 31 Dec. 2022 |
| Net asset value at end of reporting period | CHF | 88.01 | 96.65 |
| Distribution per unit | CHF | 4.25 | 4.25 |
| Units at beginning of reporting period | pc. | 2 400 000 | 2 400 000 |
| GRESB Rating Standing Investment | 4 out of 5 |
| GRESB Score Standing Investment | 83 out of 100 |
| GRESB Average | 75 out of 100 |
| GRESB Peer Average | 78 out of 100 |
Source: GRESB
All intellectual property rights to this data belong exclusively to GRESB B.V. All rights reserved. GRESB B.V. has no liability to any person (including a natural person, corporate or unincorporated body) for any losses, damages, costs, expenses or other liabilities suffered as a result of any use of or reliance on any of the information which may be attributed to it
Source: GRESB
The information in the factsheet linked below is relevant.
The long-term objective of the SF Commercial Properties Fund is to achieve the Federal Council's climate targets for 2030 and 2050 (net zero by 2050 at the latest) by implementing the climate-alignment sustainability approach.
Sustainability aspects are considered both in the investment process and along the investment and property life cycles.
The portfolio's climate alignment is focused on reducing the environmental footprint over time by lowering its greenhouse gas emissions of the portfolio. The greenhouse gas emissions are defined in accordance with the Greenhouse Gas (GHG) Protocol and comprise scope 1 and scope 2. In the long term, the climate alignment focuses on achieving the Federal Council's climate targets for 2030 and 2050 (net zero by 2050 at the latest), and is supported by reduction paths along with interim targets.
In order to keep pace with the momentum of the sustainability movement, the sustainability strategy is systematically revised at least once every five years and amended, if needed.
A detailed illustration and explanation of the key figures – including the current situation and interim targets by 2050 – is provided below.
Here you can find the description of the key performance indicators existing properties and new building and complete renovation.
Portfolio Manager Real Estate Direct
SF Commercial Properties Fund
Member of Senior Management
Head Client Relationship Management & Marketing
