Fundamenta Real Estate Inc.
FREN
ISIN CH0045825517 / Valor 4582551
Fundamenta Real Estate Inc.
UMushroom community rating:
About company
Fundamenta Real Estate Inc. is a unique entity listed on the SIX Swiss Exchange, focusing primarily on residential real estate within the German-speaking regions of Switzerland. The company adopts a comprehensive and active asset management approach aimed at generating sustainable value for its investors. Its investment strategy targets properties that offer sustainable and stable rental income prospects, good development potential, or optimization opportunities. To ensure the long-term marketability and economic viability of its portfolio, Fundamenta Real Estate Inc. engages in targeted investments for the repositioning or modernization of existing properties. Additionally, the company expands and diversifies its portfolio through the acquisition of properties or development projects that align with its strategic goals. Fundamenta Real Estate Inc. invests in a market-responsive and demand-oriented residential portfolio, continuously adapting to changing user needs and societal trends.
Summarized from source with an LLMView SourceSector: FinanceLatest Results (14.08.2024):
Revenue Stability
In the fourth quarter of 2023, Fundamenta Real Estate Inc. reported a net actual rental income of CHF 41.0 million, which is nearly on par with the previous year's CHF 40.9 million. This stability in revenue was achieved despite temporary reductions due to ongoing repositioning projects.
Profit Decline
Fundamenta Real Estate Inc. experienced a significant decline in net profit for Q4 2023, reporting CHF 8.31 million compared to CHF 22.27 million in the same quarter of the previous year. This decrease is primarily attributed to a negative revaluation result of CHF 10.0 million.
Operational Efficiency
The company managed to reduce its administrative expenses by 20.6%, from CHF 8.11 million to CHF 6.44 million, largely due to a reduction in the management fee from 0.5% to 0.4%. Overall, operating expenses decreased by 8.4% to CHF 12.2 million in 2023.
Dividend Distribution
Fundamenta Real Estate Inc. distributed dividends amounting to CHF 16.5 million in 2023. Despite this payout, the company's equity slightly decreased to CHF 498.4 million from CHF 506.7 million in the previous year.
Market Performance
The stock price of Fundamenta Real Estate Inc. increased by 4.3% to CHF 16.80 at the end of 2023. Including the dividend of CHF 0.55 per share distributed in April 2023, the total performance for the year was a positive 7.9%, outperforming the SXI Real Estate® Broad index.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
561 M
Market cap (USD)
11,190
Daily traded volume (Shares)
17.1 / 16.8
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
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EPS (USD)
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Ratings & reviews
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