HIAG Immobilien Holding AG Demonstrates Strong Performance in 2023 Amidst Market Challenges

HIAG Immobilien Holding AG announced positive annual results for the fiscal year 2023, showcasing a significant achievement in an adverse economic landscape. The firm achieved a 3.9% growth in property income, reaching CHF 70.3 million. A noteworthy accomplishment was the reduction in the vacancy rate across its portfolio to a record low of 4.0%, underscoring effective asset management and strategic site developments.

The company's development portfolio played a crucial role in counteracting market-driven devaluations, with notable sales of non-strategic properties contributing CHF 23.4 million to earnings after tax. A key highlight was the 26.7% increase in net income excluding revaluations, amounting to CHF 48.6 million. In response to its successful performance and optimistic future projections, HIAG will propose a 6.9% higher dividend of CHF 3.10 per share at its upcoming Annual General Meeting.

HIAG's strategic initiatives, including a CHF 500 million sustainability-linked syndicated credit facility, underline its commitment to sustainability and financial resilience. The company’s dedication to environmental stewardship is further exemplified in its standalone sustainability report, adhering to TCFD recommendations. Looking ahead, HIAG anticipates continued growth and a further reduction in vacancy rates, bolstered by robust demand for rental spaces and strategic development projects.