Immo56 increases investment returns
The Immo56 fund managed by Procimmo achieved an investment return of 7.54 percent in the financial year ended March. In the previous year, 5.78 percent were realized. The rental income and the overall success could also be increased year-on-year.
According to a statement from Procimmo SA , the Immo56 fund managed by the asset manager of collective real estate investments achieved a good result in the financial year ended March 31. Specifically, the return on investment has risen from 5.78 to 7.54 percent year-on-year, it says there. The net asset value per unit rose from CHF 148.30 to CHF 154.00 over the same period.
In the year under review, the fund generated total income of CHF 22.91 million. This was offset by expenses totaling 9.98 million francs. The overall success has increased by 51 percent year-on-year to 23.59 million francs, writes Procimmo.
The fund's rental income in the year under review was CHF 20.20 million, up 5.3 percent on the previous year. At the same time, the rent default rate was reduced from 3.49 to 3.15 percent. The fund's EBIT margin improved from 65.82 to 68.81 percent year-on-year, explains Procimmo. The total net fund assets are stated in the notification at CHF 358.8 million as of the end of March 2021.