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Helvetica Property, CH0335507932

Helvetica Property, CH0335507932

27.08.2021 - 07:02:40

EQS-Adhoc: HSC Fund - 14% net income growth in the first half of 2021

Ad hoc announcement pursuant to Art. 53 LR August 27,?2021

Press release (PDF)

Real estate portfolio as of June 30, 2021 at CHF 745.3 million Target rental income (annualized) of CHF 45.7 million, +9% compared to June 30, 2020 Rental income of CHF 20.7 million, +14% compared to first half of 2020 Net income of CHF 14.4 million, +14% compared to first half of 2020 Occupancy rate remains high at 94.8% as of June 30, 2021 Net asset value per share at CHF 112.99 as of June 30, 2021

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Details on the first half year 2021

Income statement Rental and ground rent for development rights income of the HSC Fund increased by approximately 14% to CHF 20.7 million in the first half of 2021 (H1 2020: CHF 18.2 million). The increase compared to the same period of the previous year is mainly due to acquisitions of attractive properties during the previous year 2020. No further properties were acquired in the first half of 2021. The market value of the existing portfolio as of June 30, 2021 was CHF 745.3 million (December 31, 2020: CHF 743.9 million; June 30, 2020: CHF 678.4 million). This corresponds to an increase of CHF 1.4 million, which is due to capitalized fixed asset costs and investments in the amount of CHF 2.0 million and devaluations of CHF 0.6 million. Thanks to targeted leasing activities, the occupancy rate was improved and, at 94.8% as of June 30, 2021, is once again at a very high level (31.12.2020: 94.6%; 30.06.2020: 94.4%).

Net income increased by 14% year-on-year to CHF 14.4 million (H1 2020: CHF 12.6 million). In the first half of 2021, gains of CHF 0.4 million (H1 2020: TCHF 10) were realized on sales of securities, while unrealized capital gains include portfolio devaluations of CHF 0.6 million and unrealized securities gains of CHF 0.2 million (H1 2020: unrealized capital gains due to portfolio revaluations of CHF 2.8 million). Total comprehensive income in H1 2021 amounted to CHF 12.7 million (H1 2020: CHF 13.3 million).

Balance sheet Total fund assets as of June 30, 2021 were at CHF 763.4 million (12/31/2020: CHF 770.1 million; 06/30/2020: CHF 703.4 million), with the properties reflecting a value of CHF 745.3 million as mentioned above. After deduction of liabilities of CHF 256.0 million (31.12.2020: CHF 255.0 million) and estimated liquidation taxes of CHF 16.7 million (31.12.2020: CHF 15.0 million), the net fund assets amounted to CHF 490.7 million (31.12.2020: CHF 500.2 million). The change in net assets is due to the distribution of CHF 5.10 per fund share for a total amount of CHF 22.1 million, which was paid out on April 29, 2021 (4.7% distribution yield for 2020), and the total income of CHF 12.7 million for the first half of 2021. The net asset value per fund share reached CHF 112.99 as of June 30, 2021, which, adjusted for the distribution of profits, represents an increase of 2.7% compared to year-end 2020.

The COVID-19 pandemic?continues to have only minor impact on fund The fund's properties continued to prove resilient in the first half of 2021 during the ongoing COVID-19 pandemic. The HSC Fund has virtually no exposure to the hospitality and tourism sectors and in the period under review, as in the previous year, approximately one-third of target rental income was directly affected by COVID-19 measures. In the first half of 2021, the income statement was charged with CHF 0.6 million as a reduction in rental income. This corresponds to approximately 1.3% of the annualized target rental income of the fund. There were no tenant bankruptcies or legal disputes in connection with COVID-19.

Outlook The fund management company is optimistic about the second half of 2021 and the year 2022. A key focus of activities remains the value creation in asset management in order to further increase the occupancy rate and to continuously enhance the attractiveness of the portfolio through cost-conscious investments. When attractive purchase opportunities arise, the portfolio will be selectively expanded with high-quality properties. Usages such as office and commercial, as well as mixed-use commercial properties are in the foreground. Furthermore, no capital increase is planned in the reporting year 2021.

KEY FINANCIAL FIGURES HSC Fund 1st half year 2021 ? ? ? ? Balance sheet As of 30.06.2021 As of 31.12.2020 Market value of the properties CHF 745 333 000 743 946 000 Weighted real discount rate % 3.75 3.82 Gross asset value (GAV) CHF 763 434 088 770 131 664 Net asset value (NAV) CHF 490 720 324 500 184 280 Debt financing ration % 31.26 30.48 Debt ratio % 35.72 35.05 Interest rate debt financing % 0.37 0.43 Residual term debt financing Years 0.74 0.96 Net asset value per share CHF 112.99 115.17 Outstanding shares Number 4 342 851 4 342 851 ? ? ? ? Income Statement? 01.01.-30.06.2021 01.01.-30.06.2020 Rental income CHF 20 712 637 18 175 247 Rental income loss rate % 6 7.05 Net income CHF 14 425 403 12 622 387 Total income CHF 12 684 584 13 261 572 Weighted average unexpired lease term (WAULT) Years 4.1 4.2 Operating profit margin % 71.92 71.63

The semi-annual report 2021 of the HSC Fund is available on the fund management company's website and on Swiss Fund Data.

All press releases can be found under www.helvetica.com.

Zurich, August 27, 2021 - The Helvetica Swiss Commercial Fund (HSC Fund) has achieved a very pleasing half-year result with a net asset value per share of CHF 112.99.?

Media contacts ? ? ? Mirjam N?geli Peter R. Vogel Media Relations Chief Financial Officer T +41 43 444 77 92 +41 43 544 70 84 mn@Helvetica.com prv@Helvetica.com

About Helvetica Helvetica Property Investors AG is a leading real estate fund management company and asset management firm. We deliver sustainable value to our clients through active, long-term ownership of safe and stable real estate investments. With a fully integrated real estate investment platform, we are able to provide both standardized investment products and customized investment plans. We are proud of our longstanding reputation for outstanding client service and dedication to responsible ownership. Our firm is approved and regulated by the Swiss Financial Market Supervisory Authority FINMA.

About Helvetica Swiss Commercial Fund The HSC Fund is a Swiss real estate fund listed on the SIX Swiss Exchange and open to all investors. The HSC Fund invests in commercial and industrial properties in the major economic areas of Switzerland. The fund's portfolio is geared towards long-term value preservation and features high location and property quality as well as broad diversification. The investment objective is mainly the long-term preservation of value and the distribution of reasonable profits. The HSC Fund is approved by the Swiss Financial Market Supervisory Authority, FINMA.

Listing SIX Swiss Exchange; Ticker Symbol HSC; Valor 33 550 793; ISIN CH0335507932

End of ad hoc announcement Language: English Company: Helvetica Property Brandschenkestrasse 47 8002 Z?rich

Switzerland Phone: +41 43 544 7080 E-mail: office@helvetica.com Internet: www.Helvetica.com ISIN: CH0335507932 Valor: 33550793 Listed: SIX Swiss Exchange EQS News ID: 1229307 ? End of Announcement EQS Group News Service

1229307??27-Aug-2021?CET/CEST

@ dgap.de