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Annual Report 2021
ANNUAL REPORT 2021
Zug Estates Group has achieved strong annual results thanks to a high-quality portfolio that is broadly diversified in terms of use.
- Net income excluding revaluation and special effects comes to CHF 31.8 million (previous year: CHF 25.9 million).
- Net income amounts to CHF 75.6 million (previous year: CHF 32.3 million).
- Property income is up 3.9% to CHF 60.0 million.
- The vacancy rate is down from 5.0% to 4.0%.
- The portfolio's market value rose by 2.8%, from CHF 1.65 billion to CHF 1.70 billion.
- The board of directors will propose to the general meeting of shareholders that the ordinary dividend be raised by 10.3%, from CHF 34.00 to CHF 37.50, per series B registered share.
The Annual Report 2021 can be found in the download center.
CEO Patrik Stillhart explains the most important key figures for the financial year (german).
Key figures
All figures as at 31 December 2021
Portfolio market value
1.84
Mrd.
CHF
Net income excluding revaluation and special effects
18.1
Mio
CHF
Equity ratio
54.9
%
Property income
33.8
Mio.
CHF
Net income
28.2
Mio.
CHF
Vacancy rate investment properties
0.7
%
Financial year report
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Patrik Stillhart, CEO and Mirko Käppeli, CFO
This resulted in net income of CHF 75.6 million in the 2021 financial year, which is CHF 43.3 million or 134.2% above the prior-year figure of CHF 32.3 million. This substantial year-on-year increase is attributable in particular to positive revaluation effects as well as the successful sale of the Hofstrasse 1a/b property in Zug. Net income excluding revaluation and special effects was also boosted considerably, up CHF 5.9 million or 23.0% to CHF 31.8 million (previous year: CHF 25.9 million).
Sustainability
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We design the living spaces of tomorrow and pursue ambitious objectives across all ESG topics.
Zug Estates makes a major contribution toward reducing real estate-related CO2 emissions. For more than ten years now, the company has been developing, realising and operating its portfolio of investment properties in line with the principles of sustainability. Generating greenhouse gas emissions of just 1.8 kg per square metre of energy reference area, Zug Estates has become a leader in Switzerland’s real estate sector. Emissions related to the operation of its properties will be at nearly zero in as early as 2023.