Zug Estates endeavours to ensure a positive dividend trend for its shareholders. The dividend payout should ensure a solid financing structure in the long term and not exceed 90% of operating profit.
Investor Relations
KEY FIGURES
All figures as at 30 June 2026
Net income
42.9
Mio.
CHF
Net income excluding revaluation and special effects
21.2
Mio
CHF
Property income
35.8
Mio.
CHF
Vacancy rate investment properties
1.2
%
Equity ratio
56.6
%
Portfolio market value
1.98
Mrd.
CHF
AGENDA
02.09.2026
Sustainability Forum, Park Hotel Zug
18.02.2027
Publication of Annual Report and Sustainability Report 2026
13.04.2027
AD HOC ANNOUNCEMENTS
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Key Share Data
Zug Estates Holding AG has two categories of shares. Series A registered shares ( security number: 14 805 211) are not listed, series B registered shares have been listed in the regulatory standard for real estate companies of SIX Swiss Exchange in Zurich since July 2, 2012 ( security number: 14 805 212, ticker symbol: ZUGN).
Key Share Data
| Exchange | Switzerland (SIX) |
| Currency | CHF |
| Type | Series B registered shares |
| Securities number | 14 805 212 |
| ISIN number | CH 014 805 212 6 |
| Symbol | SWX ZUGN |
Fundamental data
| Issued series B registered shares | 460 340 |
Other categories of share in the share capital
| 496 600 series A registered shares of type A with a par value of CHF 2.50 each (not listed) |
Aktionärsstruktur
Bedeutende Aktionäre
As at 31 December 2025, the following shareholders owned more than 3% of total voting rights:
| Series A registered shares | Series B registered shares | Votes as at 31.12.2025 | Votes as at 31.12.2024 | |
|---|---|---|---|---|
| Buhofer Group¹ | 409 576 | 57 716 | 48.0% | |
| Heinz M. Buhofer | 26 769 | 53 740 | 8.4% | |
| Johannes Stöckli | 56 800 | 3 866 | 6.3% | |
| Werner C. Weber and Corinne Lütscher-Weber, indirectly held through Wemaco Invest AG | 0 | 60 392 | n/a | |
| Werner O. Weber, indirectly held through Wemaco Invest AG | n/a | n/a | 6.3% | |
| Basellandschaftliche Pensionskasse | 0 | 31 435 | 3.1% |
1 The Group comprises Elisabeth Buhofer, Annelies Häcki Buhofer, Martin Buhofer und Julia Häcki, if acting in mutual agreement. Some shares are indirectly held through Homia Holding AG.
Series B registered shares by category of shareholders (as at 31 December 2025)
| Number of registered shareholders | Registered shareholderers in % | Number of registered shares | Registered shares in % | |
|---|---|---|---|---|
| Natural persons | 1 405 | 84.7 | 181 886 | 42.6 |
| Pension funds | 59 | 3.6 | 66 059 | 15.5 |
| Funds | 25 | 1.5 | 79 302 | 18.6 |
| Foundations | 14 | 0.8 | 3 472 | 0.8 |
| Insurers | 6 | 0.4 | 4 812 | 1.1 |
| Banks | 7 | 0.4 | 368 | 0.1 |
| Other leagel entities | 142 | 8.6 | 90 825 | 21.3 |
Tax value
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Series B registered share | CHF 2 050 | CHF 1 605 | CHF 1 770 | CHF 1 980 | CHF 2 030 | CHF 2 330 |
The tax value of Zug Estates Holding AG's registered shares can also be called up on the corresponding website of the tax administration of the Canton of Zug (local values - shares 2025).
Dividend policy
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Cash distribution per series B registered share* | CHF 47.00 | CHF 44.00 | CHF 41.00 | CHF 37.50 | CHF 34.00 |
* Payable in the following year; 2025: proposal of the board of directors
Bond
Disclaimer
For legal reasons, the information on the following website may only be made available to interested parties with a place of residence in Switzerland. We ask for your understanding.
I have my place of residence in Switzerland:
YES
NO
The information included on this website does not constitute an offer or an invitation or recommendation to hold, purchase or sell shares or other securities in Zug Estates Holding Ltd.; it is also not a confirmation of a transaction or an invitation to enter into a transaction. The website and the information published there may not be used or published in any jurisdiction (in particular not in the USA, EEA, UK, Japan, Canada or Australia) where it violates applicable law or provisions.
Fixed-interest bonds
| Valor symbol | ZEH22 | ZEH24 | ZEH25 | ZEH26 |
| Listing | SIX Swiss Exchange | SIX Swiss Exchange | SIX Swiss Exchange | SIX Swiss Exchange |
| Green Bond | Yes | Yes | Yes | Yes |
| Security number | 114 872 819 | 137 744 380 | 147 140 379 | 156 293 473 |
| ISIN | CH1148728194 | CH1377443804 | CH1471403795 | CH1562934732 |
| Payment date | 17 Feb 2022 | 30 Sep 2024 | 25 Sep 2025 | 30 Jun 2026 |
| Volume | CHF 100 million | CHF 100 million | CHF 100 million | CHF 100 million |
| Repayment | 17 Apr 2029 | 16 Sep 2031 | 17 Sep 2032 | 30 Jun 2033 |
| Interest rate | 0.75% p. a. payable annually on April 17th | 1.65% p. a. payable annually on Sep 16th | 1.25% p. a. payable annually on September 17th | 1.35% p.a. payable annually on June 30th |
| Documents: |
Green Bond Prospekt
|
Green Bond Prospekt
|
Green Bond Prospekt
|
Green Bond Prospekt
|
Green Finance Framework and Reporting
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Green Finance
To meet the growing demand for sustainable financing, Zug Estates has decided to convert its existing Green Bond Framework into a Green Finance Framework. This enables Zug Estates to raise or refinance not only green bonds, but also other types of green financial instruments that are explicitly used to support sustainable projects.
RESEARCH
Equity Research
Credit Research
Your contact
Mirko Käppeli
CFO
+41 41 729 10 10
ir@zugestates.ch
Zug Estates Holding AG
Baarerstrasse 18
CH-6300 Zug