Swiss Life Asset Management AG: Positive Half-Year Results for Swiss Life REF (CH) ESG Swiss Properties

Swiss Life REF (CH) ESG Swiss Properties reported improved half-yearly results. As of March 31, 2026, the fund increased its net income and operating profit margin. There were no property transactions during this period. The net income reached CHF 30.1 million, a rise from CHF 27.4 million in the previous year. The operating profit margin climbed to 68.9%, up from 68.6% in September 2025.

The improved results owe much to efficient asset management, involving property, controlling, and construction management. Rental income remained stable despite a lower rent loss rate of 2.1%. The fund reduced its operating expenses, with the TER GAV decreasing slightly to 0.67%. The borrowing ratio rose slightly to 21.67%, but improved financing conditions helped lower specific financing costs.

Future goals include optimizing recurring income and expenses and making quality-enhancing investments in the real estate portfolio.