Warteck Invest AG

WARN

Equity

ISIN CH0002619481 / Valor 261948

SIX Swiss Exchange (2024-12-23)

CHF 1,920.00+0.79%

Warteck Invest AG
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About company

Warteck Invest AG is a prominent real estate company in Switzerland, with its roots tracing back to the former Warteck brewery established in Basel in 1856. Since 1988, the company has focused exclusively on real estate, separating from its beer business, and is listed on the SIX Swiss Exchange. Warteck Invest boasts a diversified portfolio of 68 properties or development areas across 11 cantons, valued at approximately CHF 1.025 billion as of December 31, 2023. The portfolio, which is continuously maintained and renewed, consists of 50% residential properties and 36% commercial properties, with the remainder being mixed-use properties and development projects. The company aims to generate attractive returns for its shareholders by securing and enhancing the value of its assets, focusing on regions with strong growth potential. Warteck Invest is known for its solid financing with an equity ratio of around 40%, allowing for substantial portfolio expansion. It invests in properties that yield stable rental income and also engages in development projects to create additional growth potential. The company has a history of paying stable dividends, with a payout yield ranging between 3% to 3.5% in recent years, and emphasizes close relationships with its tenants through direct contact and timely renewal work, resulting in long-term leases and low vacancy rates.

Summarized from source with an LLMView SourceSector: Finance

Revenue Growth

In the first quarter of 2023, Warteck Invest AG reported a significant increase in revenue from rental income, which rose by 10.5% to CHF 34.6 million compared to the same period last year. This growth was driven by successful acquisitions and the completion of new projects.

Net Profit

Warteck Invest AG's net profit for Q1 2023 was CHF 16.0 million, reflecting a decrease of 26.4% from the previous year. This decline was primarily due to a negative revaluation result of CHF -3.7 million, influenced by the current market environment.

EBIT Performance

The company's EBIT (Earnings Before Interest and Taxes) for the first quarter of 2023 was CHF 26.6 million, down by 14.4% from the previous year. However, excluding the revaluation effect, EBIT increased by 16.1% to CHF 30.3 million, indicating strong operational performance.

Dividend Proposal

Despite the challenges faced, Warteck Invest AG's Board of Directors has proposed a stable dividend of CHF 70 per share for the fiscal year 2023. This decision reflects confidence in the company's future earnings potential and commitment to shareholder returns.

Market Value of Real Estate Portfolio

As of the end of Q1 2023, the market value of Warteck Invest AG's real estate portfolio increased by 13.9% to CHF 1,025.5 million. This growth was attributed to strategic acquisitions and ongoing development projects, enhancing the overall quality and value of the portfolio.

Summarized from source with an LLMView Source

Key figures

4.63%1Y

-20.0%3Y

-6.80%5Y

Performance

12.5%1Y

13.1%3Y

12.4%5Y

Volatility