Varia US Properties: Excellent 2021 results for Varia US Properties – significant increase in total revenue (+110.0%), EBITDA (+33.8%) and portfolio value (+52.1%)

  • 2021 has been an exciting business year with above-average performance, both in terms of rental growth and valuation

  • Total revenue more than doubled to $320.0 million (2020: $152.4 million)

  • Effective gross revenue increased to $138.0 million (2020: $106.7 million)

  • EBITDA increased to $80.7 million (2020: $60.3 million)

  • Net gain on property revaluation up to $197.4 million (2020: $42.5 million)

  • Operating profit incl. revaluation increased significantly to $237.1m (2020: $83.0m)

  • Property value was $1.412 billion (2020: $928.2 million)

  • NAV per share increased to $50.8 (2020: $38.5)

  • Earnings per share increased significantly to $15.4 (2020: $3.9)

  • Proposed dividend of CHF 3.20 per share (2020: CHF 2.60)

  • Publication of the company’s first ESG report

Manuel Leuthold, Chairman of the Board of Varia US Properties, said, “The extraordinary results are due to a very solid underlying market, but they also demonstrate the soundness of the strategy initiated six years ago, as well as the quality of our Company’s assets and its management. We assume that the markets will stabilize at a high level and that the balance between rising interest rates, rising rents, inflation and migration will continue. This will benefit Varia US Properties.

Full press release


Varia US Properties SA published this content on March 30, 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unmodified, on March 30, 2022 05:04:08 UTC.

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