Investis Holding SA reported steady growth in its H1 2026 results, with rental income rising 6.8% year-over-year to CHF 41.5 million. The company’s recurring earnings totaled CHF 30 million, while net profit reached CHF 68 million, including CHF 44 million in revaluation gains. Operating profit (EBIT) increased 9.3% to CHF 70 million, with an EBITDA margin of 64.3%, below the company’s historical target of 67%.
The Swiss real estate firm, which focuses on residential properties in the Lake Geneva region, maintained a low vacancy rate of 1.2% for residential units and 4.0% for commercial spaces. Like-for-like rental growth stood at 1.1%, within the company’s 1% to 2% target range. Organic revenue growth remained modest at 0.6%, with a compound average of 1.7% over recent years.
Investis’ portfolio valuation reached nearly CHF 2.3 billion, up from CHF 875 million at its 2016 IPO. The company’s balance sheet remained conservative, with an equity ratio of 63.8% and a loan-to-value ratio of 27.3%, down from 38% at IPO. Financial debt totaled CHF 625 million, with CHF 525 million due within 12 months, though available credit lines of CHF 500 million provided CHF 175 million in immediate liquidity.
Management highlighted strong demand in Geneva’s rental market, citing gross yields of 2.5% to 2.7% on recent transactions, though competition for acquisitions has driven prices more than 10% above prior estimates. The company also noted a CHF 44 million gain from exiting its PHM position, while maintaining strategic stakes in Neo, Polytech, and Taurus.
Shares of Investis fell 1.35% to CHF 146 on the news, trading near the midpoint of its 52-week range. The stock remains 11.2% below its 52-week high of CHF 162.5 and 17.2% above its low of CHF 124.5. The company’s annualized total shareholder return, including dividends, stood at 12.9% as of June 30, 2026.
