HIAG Immobilien Holding AG
HIAG
ISIN CH0239518779 / Valor 23951877
HIAG Immobilien Holding AG
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About company
HIAG Immobilien Holding AG is a Swiss real estate company that specializes in the development, management, and transaction of properties, focusing on the entire lifecycle of a property. The company's strategy involves the redevelopment of former industrial sites, as well as the management of commercial, office, logistics, and selected residential properties primarily located in the economic core and growth regions of German-speaking and Western Switzerland. HIAG aims to continuously optimize its real estate portfolio through acquisitions and sales, targeting sustainable value creation and stable cash flow returns. The company's business model emphasizes the creation of destinations that provide space for both individuals and businesses to thrive over generations. With a long-term oriented shareholder base and access to capital markets, HIAG leverages its market position and entrepreneurial culture to proactively respond to market developments, aiming to generate ecological, economic, and social value while maintaining an investor-friendly dividend policy.
Summarized from source with an LLMView SourceSector: FinanceLatest Results (14.08.2024):
Income Growth
In the fourth quarter of 2023, HIAG Immobilien Holding AG reported a property income of CHF 70.3 million, reflecting an increase from CHF 67.7 million in the same quarter of the previous year. This growth underscores the company's ability to enhance its rental income base through strategic property management and development.
Net Income
HIAG Immobilien Holding AG achieved a net income of CHF 46.9 million in Q4 2023, a significant decrease from CHF 99.4 million in Q4 2022. The decline is primarily attributed to lower revaluation gains on investment properties compared to the previous year.
EBITDA Performance
The company's EBITDA for the fourth quarter of 2023 stood at CHF 70.9 million, down from CHF 115.7 million in Q4 2022. This reduction is largely due to the aforementioned decrease in revaluation gains, impacting overall earnings before interest, taxes, depreciation, and amortization.
Dividend Proposal
For the financial year 2023, HIAG Immobilien Holding AG has proposed a dividend of CHF 3.10 per share, up from CHF 2.90 per share in the previous year. This proposal reflects the company's commitment to delivering value to its shareholders despite the fluctuations in net income.
Investment Property Portfolio
As of the end of Q4 2023, HIAG Immobilien Holding AG's investment property portfolio was valued at CHF 1.897 billion, slightly down from CHF 1.926 billion at the end of Q4 2022. The portfolio's gross yield increased to 5.4% from 5.2%, indicating improved rental income relative to the portfolio's value.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
946 M
Market cap (USD)
2,777
Daily traded volume (Shares)
84.6 / 84
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
Est P/E ratio
EPS (USD)
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Ratings & reviews
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