Novavest Real Estate : Ad hoc announcement pursuant to Art. 53 LR NOVAVEST Real Estate AG publishes preliminary results for fiscal year 2022

Media release, 19 January 2023

Ad hoc announcement pursuant to Art. 53 LR

NOVAVEST Real Estate AG publishes preliminary results for fiscal year 2022

NOVAVEST Real Estate AG (SIX Swiss Exchange: NREN) once again achieved successful results for fiscal year 2022, according to preliminary, unaudited results. The 2022 results were reached in an environment strongly influenced by political and economic uncertainties, and include – as expected – a lower amount of revaluation income than in the previous year.

The market value of the real estate portfolio increased by about 10% to CHF 811.8 million (31.12.2021: CHF 741.3 million), mainly due to the acquisition of one residential and one commercial property, investments in investment properties and projects, as well as positive evaluation effects. In line with the company’s investment strategy, the residential proportion of the portfolio continues to be at a high 61% of target rental income by year-end 2022.

Rental income increased by 9% to CHF 29.2 million in fiscal year 2022 (FY 2021: CHF 26.7 million). The market valuation of the real estate portfolio by the independent valuer Wüest Partner AG resulted in positive earnings from revaluation of CHF 11.9 million, a slightly lower income compared to the previous year (FY 2021: CHF 21.8 million). Operating income before interest and taxes (EBIT) reached CHF 30.7 million (FY 2021: CHF 39.1 million), according to the preliminary results. Earnings including effects from revaluation of real estate investments amounted to about CHF 22.4 million (FY 2021: CHF

29.3 million). Earnings excluding effects from revaluation of real estate investments1 are expected to be about CHF 12.7 million (FY 2021: CHF 11.7 million). Based on earnings per share2the expected earnings per share including revaluation gains is CHF 2.91 and excluding revaluation gains CHF 1.65 (FY 2021: CHF 3.97 including revaluation gains and CHF 1.59 excluding revaluation gains).

The Company will publish its Annual Report 2022 including further details on the 2022 results on 22 February 2023.


Peter Mettler



Feldeggstrasse 26

8008 Zürich

+41 (0)44 276 40 40 [email protected]


NOVAVEST Real Estate AG is a Swiss real estate company based in Zurich. It focuses its activities on the management and development of properties with purely residential use (rental income share from residential use at least 50% of total rental income) and with office and commercial use, as well as on new construction projects in these segments. The real estate portfolio is concentrated on properties located in the area of ​​the centers of Zurich, Basel, Berne, Winterthur, Lucerne, St. Gallen and Aarau as well as on their axes, each with good accessibility by public transport or motorized private transport. The registered shares of the company are listed on the SIX Swiss Exchange (Ticker NREN, Valor 21218624, ISIN CH0212186248).

  1. Earnings before taxes (EBT) minus earnings from revaluation of real estate investments, minus deferred taxes plus share of deferred taxes attributable to the earnings from revaluation of real estate investments.
  2. Average number of outstanding registered shares amounts to 7,711,434 registered shares in FY 2022 (FY 2021: 7,390,125 registered shares).

NOVAVEST Real Estate AG, Feldeggstrasse 26, CH-8008 Zurich

19 January 2023



This media release serves information purposes only. It does not constitute a prospectus within the meaning of the Swiss Financial Services Act (FIDLEG) or the listing rules of the SIX Swiss Exchange. It does not constitute an offer or invitation to buy or sell shares in NOVAVEST Real Estate AG or to purchase or sell other financial instruments or services. This media release may contain certain forward-looking statements, eg statements using words such as “believe”, “assume”, “expect”, “plan” or similar expressions. Such forward-looking statements are subject to known and unknown risks, uncertainties and other factors which may result in a substantial divergence between the actual events, financial condition, development or performance of the Company and those expressed or implied by such forward-looking statements. Against the background of these uncertainties, readers should not rely on such forward-looking statements. The Company assumes no responsibility to update forward-looking statements or to adapt them to future events or developments. This media release and the information contained in may not be distributed or transmitted into the United States of America (USA) or distributed or transmitted to US persons (including legal entities) or to publications with a general circulation in the USA. Shares in NOVAVEST Real Estate AG are not being offered for sale in the USA or to US persons.

NOVAVEST Real Estate AG, Feldeggstrasse 26, CH-8008 Zurich

19 January 2023