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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.
Zug Estates Holding AG is a public company whose shares have been traded on the Swiss SIX Swiss Exchange since 2 July 2012.
Geographically focused portfolio of prime locations
Broad diversification in terms of uses
Strong focus on sustainability
Stable and reliable performance
Growth through development for own portfolio and targeted acquisitions
Own hotel & gastro businesses
As at 30 June 2026
Net income
42.9m
CHF
Net income excluding revaluation and special effects
21.2m
CHF
Property income
35.8m
CHF
Vacancy rate investment properties
1.2%
Equity ratio
56.6%
Portfolio value
1.98bn
CHF
Distribution per series B registered share
49.00
CHF
Average rate of interest of the interest-bearing debt
1.6%
Subscribe to our press releases (including 'Ad hoc announcement pursuant to Art. 53 LR') by email.
| Series A registered shares | Series B registered shares | Total | |
|---|---|---|---|
| Security number | 14805211 | 14805212 | |
| ISIN code | CH0148052118 | CH0148052126 | |
| Symbol | SWX ZUGN | ||
| Listed on | SIX Swiss Exchange | ||
| Nominal value CHF | 2.50 | 25.00 | |
| Number of shares | 496 600 | 460 340 | |
| Votes | 496 600 | 460 340 | 956 940 |
| Capital CHF | 1 241 500 | 11 508 500 | 12 750 000 |
| Market capitalisation as at 31.12.2025 in CHF thousands | 110 742 | 1 026 558 | 1 137 300 |
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.
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Series B registered share | CHF 2050 | CHF 1605 | CHF 1770 | CHF 1980 |
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).
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.
Distribution to shareholders (series B registered share)
Special dividend
Payout ratio (excluding special dividend) as % of net income excluding revaluation and special effects 1, 2
Based on average number of shares outstanding (series A registered shares converted)
Corresponds to net income excluding income from revaluation of investment properties (net), excluding income from the disposal of investment properties and corresponding deferred taxes as well as the effect of adjustments made to deferred tax rates
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:
| Valoren number | 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 Sept 2024 | 25 Sept 2025 | 30 Jun 2026 |
| Volume | CHF 100 million | CHF 100 million | CHF 100 million | CHF 100 million |
| Repayment | 17 Apr 2029 | 16 Sept 2031 | 17 Sept 2032 | 30 Jun 2033 |
| Interest rate | 0.75% p. a. payable annually on 17 April | 1.65% p. a. payable annually on 16 September | 1.25% p. a. payable annually on 17 September | 1.35% p.a. payable annually on 30 June |
| Documents: |
Green Bond Prospekt
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Green Bond Prospekt
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Green Bond Prospekt
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Green Bond Prospekt
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To meet the growing demand for sustainable financing, Zug Estates has decided to transform its existing Green Bond Framework into a Green Finance Framework. This allows Zug Estates not only to issue or refinance Green Bonds, but also other types of green financial instruments that are explicitly used to support sustainable projects.
