Sustainable investment
Sustainable investment
Key figures of bonainvest Holding AG
| Financial statement as per | 30.06.2025 | 31.12.2024 | 31.12.2023 |
|---|---|---|---|
| KEY FINANCIAL FIGURES | |||
| CHF | CHF | CHF | |
| Balance sheet total after DCF valuation of the properties and companies | 644 747 928 | 620 723 940 | 573 169 929 |
| Unbuilt land | 526 137 | 526 137 | 526 137 |
| Investment properties | 442 327 500 | 442 335 000 | 356 222 718 |
| Properties for sale | 864 794 | 1 171 640 | 4 342 824 |
| Properties under construction, work in progress | 178 148 392 | 149 699 518 | 182 160 807 |
| Income from property rentals | 9 434 854 | 16 773 982 | 13 386 359 |
| Property expenditure | 1 218 600 | 2 200 369 | 1 796 275 |
| Property income | 8 216 254 | 14 573 613 | 11 590 084 |
| Income from initial measurement after completion | 0 | 2 745 971 | 2 875 156 |
| Income from revaluation (subsequent measurement) (1) | 0 | 3 287 128 | –2 151 484 |
| Operation result before interest and tax (EBIT) | 7 878 480 | 21 152 441 | 12 147 853 |
| Result for the period before taxes (EBT) | 5 886 174 | 15 328 193 | 8 127 139 |
| Result for the period | 4 751 140 | 12 589 087 | 7 080 343 |
| Equity capital (excluding proprietary shares) | 288 187 210 | 288 904 112 | 284 169 401 |
| Market capitalisation | 308 920 988 | 303 389 576 | 303 054 338 |
| Equity ratio (including proprietary shares) | 45,02% | 46,99% | 46,99% |
| Return on equity p.a. before tax (2) | 4,03% | 5,21% | 2,82% |
| Return on equity p.a. (ROE) (2) | 3,25% | 4,28% | 2,46% |
| KEY NUMBERS PER SHARE | |||
| Number of shares | Number of shares | Number of shares | |
| Issued shares | 3 352 371 | 3 352 371 | 3 352 371 |
| Shares with voting rights | 3 352 371 | 3 352 371 | 3 352 371 |
| Shares with dividend rights (including proprietary shares) | 3 352 371 | 3 352 371 | 3 352 371 |
| CHF | CHF | CHF | |
| Profit p.a. per share with dividend entitlement | 0 (1) | 3.76 | 2.11 |
| Dividend (or proposed dividend)/Repayment of capital contribution per share in CHF | 0 (1) | 2.10 | 2.00 |
| Equity capital per share (valued at purchase values based on Swiss GAAP FER) | 85.97 | 86.18 | 84.77 |
| Equity capital per share based on DCF valuation | 92.15 | 90.50 | 90.40 |
| Share price as of 1.6.2025 | 92.15 | ||
| (1) No revaluations of the properties are carried out at the half-year point. (2) At the half-year, the return on equity before tax and the return on equity (ROE) are both presented on an annualised basis. | |||
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
The shareholding structure comprises 162 investors, including prestigious pension funds, insurance companies, foundations and some private investors.
Leading shareholders as at the end of june 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 |
|---|---|
| 2014 | 215.27 |
| 2015 | 249.75 |
| 2016 | 256.56 |
| 2017 | 264.58 |
| 2018 | 264.58 |
| 2019 | 275.00 |
| 2020 | 290.80 |
| 2021 | 293.33 |
| 2022 | 296.18 |
| 2023 | 303.05 |
| 2024 | 303.39 |
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 |
Equity ratio
The return on equity capital is between 2 and 2.5% during the development and construction phase of major property projects. After completion, it will be in the order of approx. 3.75%. Thanks to its clear strategy, cautious approach to risk-taking, robust financing and high earning power, bonainvest is well placed to achieve ongoing corporate value growth.
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 46,99% (as of 31 December 2024).
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.