First half of 2021/2022 with increase in revalued net assets and resumption of portfolio growth

Swiss Life Asset Management AG / Keyword(s): Funds/Quarterly results

27 May 2022 / 07:00 CET/CEST
Publication of an ad hoc announcement pursuant to Art. 53LR
The issuer is solely responsible for the content of this announcement.

Zürich, 27 May 2022
Ad hoc announcement pursuant to Art. 53LR

Swiss Life REF (CH) Swiss Properties: first half of 2021/2022 with increase in net asset value and further portfolio growth

At the end of March 2022, the real estate fund Swiss Life REF (CH) Swiss Properties increased its half-yearly net asset value to CHF 112.01 (HY 2021: CHF 109.71). The real estate fund comprised 153 properties with a market value of approximately CHF 2,350 million. As published on April 26, 2022, the name of the fund will be supplemented with the suffix “ESG” to become Swiss Life REF (CH) ESG Swiss Properties due to the introduction of a dedicated sustainability strategy. The fund documents will also be amended accordingly. The amendment to the fund documents will enter into force on June 1, 2022, subject to the approval of the Swiss Financial Market Supervisory Authority FINMA.

Swiss Life REF (CH) Swiss Properties invests in residential properties in Swiss cities and their suburbs as well as in centrally located commercial premises. At the end of the semester on March 31, 2022, the net asset value was CHF 112.01 (March 2021: CHF 109.71). This represents an increase of 2.1% over the previous year. Net profit per fund unit amounted to CHF 1.26 for the first half of 2021/2022. Despite geopolitical challenges and macroeconomic uncertainties, the rent loss rate has been reduced to 2.97% (March 2021: 3.56%). At the beginning of the financial year on October 1, 2021, the building management commission was reduced from 0.2% to 3.8% of the actual rent. Since its launch in November 2015, the fund has posted an annualized return of approximately 8.55% based on the share price, which is 1.79% above the benchmark (SXI Real Estate Funds TR Index : 6.76%).

In December 2021, a Swiss Life AG ​​residential portfolio worth approximately CHF 340 million was acquired. The transaction was financed by a capital increase of approximately 300 million francs, to which is added 40 million francs of borrowed capital. The purchase of the high-quality portfolio increased the share of residential use to 70%. The new buildings corresponded to the very good location qualities of the fund’s buildings, and the diversification in terms of tenant mix was further increased.

You can find the semi-annual report and further information about the fund on our website.

Fund Information

Last name:

Swiss Life REF (CH) Swiss properties

ISIN / fund security number:

CH0293784861 / 29378486

Revenue:

Distributed

Legal status:

Contract real estate fund

Fund domicile:

Swiss

Circle of investors:

Unqualified and Qualified Investors

Fund management and administrator:

Swiss Life Asset Management AG

Portfolio Management:

Swiss Life Asset Management AG

Depositary bank :

UBS Switzerland Ltd, Zurich

Market maker:

Bank J. Safra Sarasin AG, Zurich

Information

Media Relations

Telephone +41 43 284 77 77

media.relations@swisslife.ch

Investor Relations
Telephone +41 43 284 52 76
investor.relations@swisslife.ch

www.swisslife-am.com

/ / /

Asset managers Swiss Life
Swiss Life Asset Managers has over 165 years of experience in managing the assets of the Swiss Life Group. This experience in insurance has had a decisive influence on the investment philosophy of Swiss Life Asset Managers, which is governed by principles such as the preservation of value, the generation of constant and sustainable performance and a responsible approach to risk. Swiss Life Asset Managers offers this proven approach to third-party clients in Switzerland, France, Germany, Luxembourg, the UK and the Nordics.

As of December 31, 2021, assets under management for third-party clients amounted to 102.8 billion francs. Including the insurance mandates of the Swiss Life Group, the total assets under management of Swiss Life Asset Managers amount to CHF 276.3 billion. Swiss Life Asset Managers is a leading real estate manager in Europe1. Of the assets totaling CHF 276.3 billion, CHF 87.2 billion are invested in real estate. In addition, Swiss Life Asset Managers, together with Livit, manages real estate with a total value of CHF 28.8 billion. The total real estate assets under management and administration at the end of December 2021 thus amounted to 116 billion francs.

Swiss Life Asset Managers employs more than 2,500 people in Europe.

self-determined life
Swiss Life enables people to lead independent lives and look to the future with confidence. Swiss Life Asset Managers pursues the same objective: we think long-term and act responsibly. We use our knowledge and experience to develop forward-looking investment solutions. This is how we support our clients in achieving their long-term investment goals, which in turn also take into account the needs of their clients so that they can plan their financial future independently.

1 INREV Fund Manager Survey 2021 (AuM as of 31.12.2020)

Disclaimer
This advertisement has been drawn up with the greatest possible care and to the best of our knowledge and belief. However, we accept no liability for losses resulting from the use of this information. This publication is not intended as a solicitation or recommendation to buy or sell investment instruments, but is for informational purposes only. Before subscribing to or acquiring fund units on the stock market, investors are invited to obtain and carefully read the detailed information on the fund contained in the regulatory documentation (prospectus with integrated fund contract, simplified prospectus and latest reports annual and semi-annual) which serve as the sole legal basis for the purchase of fund units. These can be ordered free of charge in electronic or printed form from the fund management company, Swiss Life Asset Management AG, General-Guisan-Quai 40, 8002 Zurich.
Past performance is not indicative of current or future performance. Performance data does not include commissions and costs incurred when issuing and redeeming fund units. Both Swiss Life Ltd and the other members of the Swiss Life group are entitled to hold units in this fund and to buy and/or sell them. Swiss Life Asset Managers funds may not be offered for sale or sold in the United States or on behalf of US citizens or US persons residing in the United States. Swiss Life Asset Managers is the brand for the wealth management activities of the Swiss Life Group. More information at www.swisslife-am.com. Source: Swiss Life Asset Managers (unless otherwise stated). All rights reserved. Contact: info@swisslife-am.com.

Additional Features:

File: Press release (PDF)

End of the ad hoc announcement

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