The Swisscanto (CH) Real Estate Fund Responsible IFCA (ISIN: CH0037430946) again achieved a strong result in the first half of 2021. Compared to the same period of the previous year, net income increased significantly from CHF 18.6 million to CHF 19.5 million.
The increase is based, on the one hand, on a further reduction in the rent default rate from an already low 3.7% in 2020 to 3.4% in the current financial year. On the other hand, additional income was realized from refurbishment projects and from the acquisition of the property at Lehnstrasse 89 in St. Gallen. This confirms the attractiveness of the portfolio and the long-term fund strategy.
Overall, the fund continues to aim to maintain its long-standing stable and sustainable distribution for the 2021 financial year.