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Helvetica Property, CH0335507932

Helvetica Property, CH0335507932

31.08.2021 - 06:59:38

EQS-Adhoc: HSO?Fund -?Expands total fund assets to over CHF 220 million in the first half of 2021

Press release?August 31,?2021

Press release (PDF)

Significantly oversubscribed capital increase and expansion of investor base in the first half of 2021 Purchase of five attractive properties for commercial use in Pratteln/BL Real estate portfolio expanded by 76% to CHF 194.2 million Target rental income (annualized) of CHF 11.4 million as of June 30, 2021 Net income more than quadrupled to CHF 3.1 million compared to the first half of 2020 Total fund assets doubled compared to year-end 2020 to CHF 220.7 million High occupancy rate of 95.9% and WAULT of 7.7 years as of June 30, 2021 Net asset value per share of CHF 115.52 as of June 30, 2021 ?

Details on the first half year 2021 In June 2021, the Fund management company successfully carried out a capital increase of CHF 27.7 million for the HSO Fund and increased the real estate portfolio by more than three quarters to a value of CHF 194.2 million through the purchase of five properties in Pratteln/BL (31.12.2020: CHF 110.3 million; 30.06.2020: CHF 51.1 million).

As of June 30, 2021, the annual target rental income of the real estate portfolio amounted to CHF 11.4 million (30.06.2020: CHF 3.6 million). The occupancy rate remained at a very high level of 95.9% (31.12.2020: 99.0%; 30.06.2020: 98.2%). The fund has various long-term leases with key anchor tenants. Weighted average unexpired lease term (WAULT)* as of June 30, 2021 was 7.7 years (12/31/2020: 8.3 years; 06/30/2020: 6.9 years).

Income statement Compared to the same period of the previous year, both rental income and profitability increased significantly. Tenant and building lease income doubled to CHF 3.3 million (H1 2020: CHF 1.6 million). It should be noted that the properties in Pratteln were added to the portfolio in May 2021 and have contributed a total of around CHF 0.7 million to rental income since the purchase. These properties will develop their full earnings potential from the second half of 2021. Net income quadrupled year-on-year to CHF 3.1 million (H1 2020: CHF 0.7 million). In the first half of 2021, the valuation of the real estate portfolio by the independent valuation experts W?est Partner AG resulted in an unrealized gain of CHF 8.0 million (H1 2020: CHF 1.8 million). Total income for the first half of 2021 amounted to CHF 9.7 million (H1 2020: CHF 1.9 million).

Balance sheet The total fund assets of the HSO Fund reached CHF 220.7 million as of June 30, 2021, thereby also doubling compared to year-end 2020 (31.12.2020: CHF 111.6 million; 30.06.2020: CHF 67.0 million). After deduction of liabilities of CHF 92.1 million (31.12.2020: CHF 25.1 million) and estimated liquidation taxes of CHF 13.1 million (31.12.2020: CHF 2.6 million), the net fund assets amounted to CHF 115.5 million (31.12.2020: CHF 83.9 million). The change in net assets is the result of the distribution of CHF 6.00 per fund share in the total amount of CHF 4.5 million, which was paid out on April 29, 2021, the balance of the newly issued fund shares of CHF 26.5 million and the total income of CHF 9.7 million in the first half of 2021. The net asset value per fund share as of June 30, 2021 was CHF 115.52, which, taking the distribution into account, represents an increase of 9.2% compared to year-end 2020.

CHF 0.2 million in rent losses and provisions related to COVID-19 In the first half of 2021, rental losses and provisions of CHF 0.2 million were charged to the income statement in connection with COVID-19. This corresponds to approximately 1.9% of the annualized target rental income of the fund. The relatively low rate is due to the fact that the HSO Fund's rental income from the mainly affected non-food retail space comes mostly from creditworthy and larger tenants with group character. In addition, there were no tenant bankruptcies or legal disputes in connection with COVID-19.

Outlook The Fund management company intends to further expand the portfolio in the current year and has an interesting property pipeline. In addition, the occupancy rate of the existing properties is to be further increased and early lease extensions achieved. In the fourth quarter of 2021, the fund company is planning another capital increase to continue the solid growth strategy.??

KEY FINANCIAL FIGURES HSO Fund 1st half year 2021 ? ? ? ? Balance sheet As of 30.06.2021 As of 31.12.2020 Market value of the properties CHF 194 173 000 110 262 000 Weighted real discount rate % 3.68 3.64 Gross asset value (GAV) CHF 220 725 308 111 559 116 Net asset value (NAV) CHF 115 524 526 83 863 093 Debt financing ration % 45.11 21.29 Debt ratio % 47.66 24.82 Interest rate debt financing % 0.62 0.5 Residual term debt financing Years 0.25 0.54 Net asset value per share CHF 115.52 111.82 Outstanding shares Number 1 000 000 750 000 ? ? ? ? Income Statement? 01.01.-30.06.2021 29.11.2019.-30.06.2020 Rental income and Ground rent for development rights CHF 3 257 778 1 612 583 Rental income loss rate % -1 19.56 Net income CHF 3 084 801 732 172

1 The rent default rate according to SFAMA is imputed negative (-3%) as of June 30, 2021, because reversals of overstated valuation allowances resulted in earnings from collection losses. If rent reductions were included, the rent loss rate would be 3.0%. If the COVID-19 provisions were also included, the rent default rate would be 9.0%. ?

The semi-annual report 2021 of the HSL?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 31, 2021 - The Helvetica Swiss Opportunity Fund (HSO Fund) purchased five properties in Pratteln in the first half of 2021, expanding its real estate portfolio by 76% to CHF 194.2 million.

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 Opportunity Fund The HSO Fund is a Swiss real estate fund open exclusively to qualified investors. The HSO Fund invests in special purpose properties in the Swiss economic centers. The focus is on fully let properties with long-term leases and few tenants generating stable income. The investment objective is mainly the long-term preservation of value and the distribution of reasonable profits. The fund share units can be traded over-the-counter. The HSO Fund is approved by the Swiss Financial Market Supervisory Authority, FINMA.

Ticker Symbol HSO; security 43 472 505; ISIN CH0434725054

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: 1229949 ? End of Announcement EQS Group News Service


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