Swiss Life Reports Strong Returns for Swiss Properties Fund

Swiss Life Asset Management AG announced that its Swiss Life REF (CH) ESG Swiss Properties fund achieved robust financial results in the first half of the 2024/25 fiscal year. The fund recorded a realised profit of CHF 30.3 million and net income of CHF 27.4 million. The net asset value (NAV) was reported at CHF 112.37 per unit as of March 31, 2025, while both return on equity and return on invested capital exceeded previous year’s levels.

The company sold five properties with a market value of around CHF 60 million, securing sales prices about 5% higher than market valuations. However, an unexpected default by a key tenant resulted in an increase in rental loss rate to 3.8%, although the space has been re-let starting October 2025.

Looking forward, Swiss Life plans to optimise income and expenses, with no major sales or capital increases on the horizon. The fund's half-year report is available online for further insights.