Key figures Intershop Group
2021
2020
FINANCIALS
Net rental income
m CHF
66.8
70.4
Net gains from property disposal
m CHF
106.1
33.4
Changes in fair value of properties
m CHF
32.3
13.4
Operating result (EBIT)
m CHF
195.1
107.6
Earnings before taxes (EBT)
m CHF
187.3
98.8
Net income
m CHF
144.2
78.4
Cash flow from operations
m CHF
33.3
45.6
Investment in properties
m CHF
84.1
61.7
Total assets
m CHF
1,426.7
1,378.3
Total properties
m CHF
1,387.3
1,333.3
Financial liabilities
m CHF
428.9
465.1
Shareholders' equity
m CHF
809.7
710.6
Return on equity 1)
20.1%
11.8%
Return on equity excluding changes in fair value of properties 1)
17.0%
10.3%
PORTFOLIO
Number of investment properties
39
40
Number of development properties 3)
12
12
Lettable area
in m2
513,253
544,440
Gross yield 2), 4)
5.7%
6.0%
Net yield 2), 5)
4.9%
5.2%
Vacancy rate 2)
11.0%
11.3%
PERSONNEL
Number of employees
74
71
SHARE
Earnings per share 6)
CHF
75.92
41.67
Earnings per share excluding changes in fair value of properties 7)
CHF
64.22
36.44
Net asset value per share (NAV) 8)
CHF
426.40
374.02
Share price at balance sheet date
CHF
612.00
615.00
Dividend per share 9)
CHF
25.00
25.00
1)
Based on average shareholders' equity during the period, see «Alternative Performance Measures», Annual report 2021, page 120
2)
Figures relate to investment property portfolio at the balance sheet date
3)
Including promotional properties
4)
Effective annual gross rental income in proportion to the market value of the properties at the balance sheet date, see «Alternative Performance Measures», Annual report 2021, page 120
5)
Effective annual gross rental income less all directly attributable property costs (excluding interest expense) in proportion to the market value of the properties at the balance sheet date, see «Alternative Performance Measures», Annual report 2021, page 120
6)
See «Earnings per share», Annual report 2021, page 84
7)
After deducting changes in fair value of properties and associated deferred tax, see «Earnings per share», Annual report 2021, page 84
8)
See «Net asset value per share», Annual report 2021, page 79
9)
2021: Proposal of the Board of Directors