Sustainable investment
Sustainable investment
Key figures of bonainvest Holding AG
| Financial statement as per | 31.12.2025 | 31.12.2024 |
|---|---|---|
| Key financial figures | ||
| CHF | CHF | |
| Income from letting of properties in CHF | 19'035'108 | 16'773'982 |
| Ertrag aus Income from property development and sales | 22'765'274 | 1'981'500 |
| Gain from change in fair value of investment properties in CHF | 13'287'777 | 7'991'690 |
| Operating profit (EBIT) in CHF | 27'673'175 | 21'148'400 |
| Net profit in CHF | 18'045'228 | 12'589'087 |
| Total assets in CHF | 667'830'552 | 614'607'374 |
| Total property portfolio (Investment properties and development properties) |
631’032’894 | 614'607'374 |
| Total equity in CHF | 297'277'818 | 283'813'510 |
| Equity ratio (%) | 44,8% | 46,6% |
| Eigenkapitalrendite in % | 6,0% | 4,4% |
| Return on equity (ROE) in % | 53,7% | 49,9% |
| Investment properties in the portfolio | ||
| Number of investment properties | 24 | 23 |
| Market value of investment properties in CHF | 502'762'000 | 442'335'000 |
| Letable area in m² (HNF) | 66'330 | 59'420 |
| Income from letting investment properties in CHF | 19'035'108 | 16'773'982 |
| Vacancy rate for investment properties (%) | 0,3% | 0,5% |
| Direct expenses from the letting of investment properties in CHF | -2'690'724 | -2'200'369 |
| Gross yield on investment properties (%) | 3,8% | 3,4% |
| Investment properties under construction | ||
| Number of investment properties under construction | 4 | 4 |
| Carrying amount of investment properties under construction in CHF | 112'307'565 | 114'063'389 |
| Estimated investment volume for investment properties under construction in CHF | 222'430'000 | 251'762'000 |
| Investment properties under development | ||
| Number of investment properties under development | 5 | 5 |
| Carrying amount of investment properties under development in CHF | 13'098'448 | 12'529'943 |
| Estimated investment volume for investment properties under construction in CHF | 121'170'000 | 40'705'000 |
| Development properties | ||
| Carrying value of development properties under construction | 2'864'882 | 17'515'407 |
| Market value of properties for sale | 885'108 | 1'171'640 |
| Personal | ||
| Number of employees | 30 | 28 |
| Full-time equivalent | 23.85 | 21.8 |
| Shares | ||
| Net profit per share | 5.38 | 3.76 |
| Equity per share (Net Asset Value, NAV) | 89.59 | 86.23 |
| Price on the balance sheet date | 92.15 | 90.50 |
| Dividend per share | 2.20 | 2.10 |
| New course starting 1 June 2026 | 95.35 | |
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Investment strategy
At carefully chosen sites, bonainvest Holding invests responsibly for the long-term in properties that are developed and built in compliance with the bonacasa concept. The portfolio is geographically diversified, with no economic region accounting for more than 40% of the total volume. bonainvest Holding offers capital providers an advantageous investment opportunity in rental properties based on the bonacasa concept and generating a gross target yield (2024) of 3.75%.
Shareholding structure
As at 31 December 2025, the shareholder base comprises 169 investors, including well-known pension funds, insurance companies, foundations and private investors.
Leading shareholders as at the end of december 2025
| Investor | Anteil |
|---|---|
| CPV/CAP Pensionskasse Coop | 10.95 |
| Migros Pensionskasse | 10.47 |
| F.G. Pfister Holding AG | 6.95 |
| Fonds interprofessionnel de Prévoyance Gebäudeversicherung Bern | 5.55 |
| Gebäudeversicherung Bern | 4.85 |
| Caisse de Prévoyance de l'Etat du Valais CPVAL | 3.53 |
| Previva | 3.51 |
| Ivo Bracher | 3.35 |
| Others | 50.84 |
Shares
The issue price of a new registered share is CHF 92.15 (share price after annual financial results and proposal of the Board of Directors to the General Meeting for profit distribution).
Key data
| Current trading value | CHF 92.15 |
| Share with a par value of | CHF 10.00 |
| Valoren No. | 1107545 |
| ISIN No. | CH0011075451 |
Market capitalisation in CHF million
| Aktienwert Ende | Gegenwert Kapital |
|---|---|
| 2018 | 264.58 |
| 2019 | 275.00 |
| 2020 | 290.80 |
| 2021 | 293.33 |
| 2022 | 296.18 |
| 2023 | 303.05 |
| 2024 | 303.39 |
| 2025 | 308.92 |
Tax value per share
| Gross CHF | Net CHF | |
| Tax value 2023 | 80.50 | 56.35 |
| Tax value 2022 | 81.00 | 56.70 |
| Tax value 2021 | 78.00 | 54.60 |
| Tax value 2020 | 79.50 | 55.65 |
| Tax value 2019 | 76.95 | 53.87 |
| Tax value 2018 | 77.95 | 54.57 |
| Tax value 2017 | 78.00 | 54.60 |
| Tax value 2016 | 78.60 | 55.02 |
| Tax value 2015 | 76.80 | 53.76 |
| Tax value 2014 | 77.60 | 54.32 |
| Tax value 2013 | 77.39 | 54.17 |
| Tax value 2012 | 74.45 | 52.12 |
| Tax value 2011 | 64.00 | 44.80 |
| Tax value 2010 | 54.00 | 37.80 |
Return on equity
The return on equity rose from 4.3% in the previous year to 6% in the 2025 financial year. Rental income rose by 13.5% to CHF 19.0 million (2024: CHF 16.8 million), as we were able to complete our Strahmmatte and Worben (phase 1) projects with full occupancy during the reporting year.
Capital increases
bonainvest Holding makes regular capital increases to finance growth. The last capital increase was implemented on 28 January 2021 with a value of CHF 15.8 million. The equity ratio is 47% (as of 31 December 2025).
Dividend policy
bonainvest Holding’s dividend policy and the amount of future dividends depend on a number of factors, including income, the financial situation, need for liquidity, the group’s general business prospects, legal obligations in relation to the distribution of dividends and other factors. Taking all these factors into account, bonainvest Holding aims to achieve a stable dividend distribution. Dividends are paid out tax-free from the reserves from capital contributions.