Intershop Holding AG announces annual results with increased rental income and increased dividend

Despite an economic context marked by volatile interest rates and above-average inflation, Intershop Holding AG closed the financial year with increased net rental income and a profit on disposals. Net rental income increased to CHF 71.8 million, compared to CHF 68.3 million the previous year. The company also reduced the vacancy rate of its investment property portfolio to 7.4%, from 10.0% previously, and reduced CO2 emissions from its real estate portfolio.

Net profit amounted to CHF 82.5 million, with a return on equity of 9.6%. While the company achieved satisfactory results from the sale of three investment properties and the transfer of 60 condominium apartments, it was unable to match last year's sales profit. Despite this, the total return of Intershop shares was 10.3% in 2023.

Intershop continues to prioritize sustainability, reducing the emissions intensity of its portfolio by 11.1% and participating in the Global Real Estate Sustainability Benchmark (GRESB) for the first time. A change in executive leadership was also completed, with new members taking up their positions.

In view of the Annual General Meeting of March 27, 2024, the Board of Directors proposes a 10% increase in the ordinary dividend, from CHF 25 per share to CHF 27.50, following satisfactory net profit and a solid fund base. clean.