Investis Real Estate Group reported a 6.8% year-over-year increase in rental income for the first half of 2026, reaching CHF 41.5 million. The company's gross rental income totaled CHF 85.9 million, while recurring net profit excluding revaluation effects surged 53.1% to CHF 30.1 million. Total net profit for the period declined 15.7% to CHF 67.6 million due to lower revaluation gains.
The Swiss real estate firm's portfolio, valued at CHF 2.285 billion, comprises 207 buildings with 3,070 apartments. Residential properties account for 78% of the portfolio, with the remaining 22% in commercial real estate. Geographically, 66% of assets are located in Geneva, 30% in Vaud, and 4% in other cantons. The overall vacancy rate stood at 2.0%, with residential vacancy at 1.2% and commercial at 4.0%.
Investis reduced its loan-to-value (LTV) ratio to 27.3% from 28% at year-end 2025, down from 38% at its 2016 initial public offering. Total financial liabilities amounted to CHF 625 million, with a weighted average interest rate of 0.90% as of June 30, 2026. Credit facilities of CHF 500 million were 65% utilized. The company's equity ratio improved to 63.9%.
EBITDA before revaluations and disposals rose 9.3%, though the margin temporarily compressed to 64.3% from a historical 67%. Like-for-like rental income increased 0.6%, with residential properties up 1.1%, aligning with the company's long-term target range of 1-2%. Approximately 73% of rental contracts are indexed to the Swiss Consumer Price Index.
CEO Stéphane Bonvin highlighted organic growth in the residential portfolio as a key competitive advantage. CFO René Häsler noted that EBITDA margin compression is temporary and expected to return to 67% in future periods.
The company's stock traded at $146 following the presentation, down 1.35% from the previous close of $148, within a 52-week range of $124.50 to $162.50.
