Intershop Holding SA
ISN
ISIN CH0273774791 / Valor 27377479
Intershop Holding SA
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About company
Intershop Holding SA is a real estate company listed on the SIX Swiss Exchange, focusing on commercial properties in Switzerland. With a portfolio of 43 properties totaling approximately 502,000 m2 and a market value of around 1.4 billion Swiss francs as of 31/12/2023, Intershop strategically invests in the Zurich area, around Lake Geneva, and along major traffic arteries. The company's portfolio offers a mix of high yields and security through geographic and usage diversification, with significant potential for value appreciation in properties with development opportunities.
Summarized from source with an LLMView SourceSector: FinanceLatest Results (14.08.2024):
Net Profit
Intershop Holding SA reported a net profit of CHF 82.5 million for the year 2023, which translates to CHF 44.76 per share. This is a significant decrease compared to the previous year's net profit of CHF 145.5 million, or CHF 78.18 per share.
Equity and Return on Equity
As of the end of 2023, Intershop Holding SA's equity stood at CHF 867 million, or CHF 470 per share. The return on equity for the year was 9.6%, down from 17.8% in the previous year.
Net Rental Income
Intershop Holding SA's net rental income increased by 5.8% year-on-year, reaching CHF 71.8 million in 2023. This growth was driven by inflation-related rent increases and a reduction in the vacancy rate of the investment property portfolio.
Vacancy Rate
The vacancy rate for Intershop Holding SA's investment property portfolio improved significantly, dropping from 10.0% in the previous year to 7.4% in 2023. This contributed positively to the company's rental income.
Dividend Proposal
Due to the solid net profit and strong equity base, Intershop Holding SA's Board of Directors has proposed an increase in the ordinary dividend by 10%, from CHF 25.00 per share to CHF 27.50 per share, for the year 2023.
Summarized from source with an LLMView SourceKey figures
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