Overview

• A positive start to the new fiscal year in the core Rental business, with high customer satisfaction levels and virtually full occupancy.
• Unchanged overall conditions for real estate sales.
• CHF and GBP borrowing markets opened up through successful bond placements.

Sustained Earnings Power

Adjusted EBT*

Maintenance, Modernization and New Construction

Capital Expenditure*

Organic Rent Growth

Organic Rent Increase

Vacancy

Vacancy Rate

Net Assets

EPRA NTA

Fair Value of the Real Estate Portfolio

Fair Value