Swiss Properties Invest (SWISS) Status update summary

Business model and strategy

• Focuses on acquiring and managing Swiss commercial properties to optimize rental income and reinvest free cash flow for shareholder value creation.

• Operates as a mid- to long-term passive investment with high returns and low risk, leveraging stable cash flow, low financing costs, and economies of scale.

• Benefits from Switzerland's stable economy, strong currency, and attractive market conditions.

• Reinvests profits to compound returns and increase overall portfolio value.

• Led by an experienced management team with a significant ownership stake.

Portfolio and performance

• Portfolio includes high-quality commercial properties in economically attractive Swiss cantons, with recent acquisitions in Zurich, Thurgau, Luzern, Basel-Land, and Aargau.

• Historical track record shows average total returns of 182.9% for 5-9 year projects and 423.3% for 10-15 year projects.

• Book value per share has increased by 51% in the first three years.

• 2025 revenue reached DKK 37.8M, surpassing the 2034 projection, and EBITVA for 2025 exceeded long-term targets.

• Property value and equity have grown significantly, with 2025 figures well above projections.

Market positioning and share performance

• Trades at a significant discount to book value per share, while Swiss peers trade at a premium and Nordic peers near book value.

• Substantial efforts underway to increase investor interest and unlock share value.

• Swiss market offers unique advantages: political stability, strong currency, low interest rates, and robust property rights.

• Limited supply of attractive commercial properties supports value growth.

• Portfolio diversification enhances risk spreading and critical mass.