Announcement • Apr 26
HIAG Immobilien Holding AG Announces Board and Committee Changes HIAG Immobilien Holding AG at its Annual General Meeting held on 23 April 2026, approved elected property expert Karl Theiler as a new independent member of the Board of Directors to take over from long-standing board member Balz Halter, who did not stand for re-election. Anja Meyer was newly elected as Vice President of the Board of Directors, succeeding the outgoing Balz Halter. The Compensation Committee comprises the re-elected members Salome Grisard Varnholt and Anja Meyer, as well as the newly appointed member Karl Theiler, whose position on the committee was previously held by Balz Halter. Upcoming Dividend • Apr 20
Upcoming dividend of CHF3.70 per share Eligible shareholders must have bought the stock before 27 April 2026. Payment date: 29 April 2026. Payout ratio is a comfortable 32% but the company is paying out more than the cash it is generating. Trailing yield: 2.6%. Lower than top quartile of Swiss dividend payers (3.4%). In line with average of industry peers (2.7%). Announcement • Apr 02
HIAG Immobilien Holding AG, Annual General Meeting, Apr 23, 2026 HIAG Immobilien Holding AG, Annual General Meeting, Apr 23, 2026, at 10:30 W. Europe Standard Time. Major Estimate Revision • Mar 11
Consensus revenue estimates increase by 17% The consensus outlook for revenues in fiscal year 2026 has improved. 2026 revenue forecast increased from CHF193.7m to CHF226.4m. EPS estimate increased from CHF6.90 to CHF11.01 per share. Net income forecast to shrink 3.3% next year vs 17% decline forecast for Real Estate industry in Switzerland. Consensus price target up from CHF133 to CHF146. Share price fell 2.4% to CHF132 over the past week. Declared Dividend • Mar 06
Dividend of CHF3.70 announced Shareholders will receive a dividend of CHF3.70. Ex-date: 27th April 2026 Payment date: 29th April 2026 Dividend yield will be 2.7%, which is lower than the industry average of 3.7%. Sustainability & Growth Dividend is covered by earnings (40% earnings payout ratio) but not covered by cash flows (166% cash payout ratio). The dividend has remained flat since 10 years ago. However, payments have been volatile during that time. EPS is expected to decline by 13% over the next 3 years. However, it would need to fall by 56% to increase the payout ratio to a potentially unsustainable range. Reported Earnings • Mar 05
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: EPS: CHF11.38 (up from CHF7.44 in FY 2024). Revenue: CHF166.6m (up 22% from FY 2024). Net income: CHF115.1m (up 53% from FY 2024). Profit margin: 69% (up from 55% in FY 2024). Revenue missed analyst estimates by 2.6%. Earnings per share (EPS) exceeded analyst estimates by 25%. Revenue is forecast to grow 1.2% p.a. on average during the next 3 years, compared to a 1.3% growth forecast for the Real Estate industry in Switzerland. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Mar 05
HIAG Immobilien Holding AG announces Annual dividend, payable on April 29, 2026 HIAG Immobilien Holding AG announced Annual dividend of CHF 0.0600 per share payable on April 29, 2026, ex-date on April 27, 2026 and record date on April 28, 2026. Announcement • Mar 04
HIAG Immobilien Holding AG to Report Fiscal Year 2026 Results on Mar 08, 2027 HIAG Immobilien Holding AG announced that they will report fiscal year 2026 results on Mar 08, 2027 Major Estimate Revision • Jan 27
Consensus revenue estimates increase by 22% The consensus outlook for revenues in fiscal year 2025 has improved. 2025 revenue forecast increased from CHF177.9m to CHF216.6m. EPS estimate increased from CHF9.01 to CHF11.17 per share. Net income forecast to grow 19% next year vs 20% decline forecast for Real Estate industry in Switzerland. Consensus price target up from CHF120 to CHF133. Share price rose 4.2% to CHF123 over the past week. Price Target Changed • Jan 26
Price target increased by 17% to CHF133 Up from CHF114, the current price target is provided by 1 analyst. New target price is 8.8% above last closing price of CHF122. Stock is up 41% over the past year. The company is forecast to post earnings per share of CHF11.17 for next year compared to CHF7.44 last year. Announcement • Jan 24
HIAG Immobilien Holding AG Provides Consolidated Earnings Guidance for Financial Year 2025 HIAG Immobilien Holding AG provided consolidated earnings guidance for financial year 2025. The company expects its consolidated net profit for the 2025 financial year to be 50% to 55% higher than the previous year's figure (2024 financial year: CHF 75.2 million). The net result should therefore significantly exceed the previous year's fig- ures as well as the market's expectations. Price Target Changed • Sep 06
Price target increased by 8.1% to CHF120 Up from CHF111, the current price target is an average from 2 analysts. New target price is 14% above last closing price of CHF105. Stock is up 34% over the past year. The company is forecast to post earnings per share of CHF8.99 for next year compared to CHF7.44 last year. Reported Earnings • Aug 21
First half 2025 earnings released: EPS: CHF4.42 (vs CHF3.58 in 1H 2024) First half 2025 results: EPS: CHF4.42 (up from CHF3.58 in 1H 2024). Revenue: CHF47.6m (down 32% from 1H 2024). Net income: CHF44.6m (up 23% from 1H 2024). Profit margin: 94% (up from 52% in 1H 2024). Revenue is forecast to grow 9.8% p.a. on average during the next 3 years, while revenues in the Real Estate industry in Switzerland are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Price Target Changed • Aug 21
Price target increased by 9.1% to CHF114 Up from CHF105, the current price target is an average from 2 analysts. New target price is 8.6% above last closing price of CHF105. Stock is up 37% over the past year. The company is forecast to post earnings per share of CHF9.01 for next year compared to CHF7.44 last year. Announcement • Aug 20
HIAG Immobilien Holding AG to Report Q2, 2026 Results on Aug 17, 2026 HIAG Immobilien Holding AG announced that they will report Q2, 2026 results on Aug 17, 2026 Announcement • Apr 18
HIAG Immobilien Holding AG Approves Dividend, Payable on 25 April 2025 HIAG Immobilien Holding AG at the Annual General Meeting held on 17 April 2025 approved the Board of Directors' proposals. In particular, it approved the distribution of CHF 3.30 gross per entitled share, divided into an ordinary dividend of CHF 0.30 per share and a withholding tax–free payout from capital contribution reserves of CHF 3.00 per share. Payment will be made on 25 April 2025 (ex-date: 23 April 2025). Upcoming Dividend • Apr 16
Upcoming dividend of CHF3.30 per share Eligible shareholders must have bought the stock before 23 April 2025. Payment date: 25 April 2025. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of Swiss dividend payers (4.2%). In line with average of industry peers (3.2%). Major Estimate Revision • Mar 26
Consensus EPS estimates fall by 13% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CHF162.1m to CHF156.6m. EPS estimate also fell from CHF8.95 per share to CHF7.82 per share. Net income forecast to grow 4.4% next year vs 3.6% decline forecast for Real Estate industry in Switzerland. Consensus price target up from CHF105 to CHF111. Share price was steady at CHF95.00 over the past week. New Risk • Mar 25
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.1% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Earnings are forecast to decline by an average of 1.1% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Declared Dividend • Mar 10
Dividend increased to CHF3.30 Dividend of CHF3.30 is 6.5% higher than last year. Ex-date: 23rd April 2025 Payment date: 25th April 2025 Dividend yield will be 3.5%, which is lower than the industry average of 3.7%. Sustainability & Growth Dividend is well covered by both earnings (44% earnings payout ratio) and cash flows (35% cash payout ratio). The dividend has remained flat since 10 years ago. However, payments have been volatile during that time. EPS is expected to remain steady over the next 2 years, which should provide adequate earnings cover for the dividend. Reported Earnings • Mar 05
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: EPS: CHF7.44 (up from CHF4.65 in FY 2023). Revenue: CHF136.7m (flat on FY 2023). Net income: CHF75.2m (up 60% from FY 2023). Profit margin: 55% (up from 35% in FY 2023). Revenue exceeded analyst estimates by 3.2%. Earnings per share (EPS) missed analyst estimates by 2.3%. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 2.4% decline forecast for the Real Estate industry in Switzerland. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Major Estimate Revision • Sep 04
Consensus revenue estimates increase by 16% The consensus outlook for revenues in fiscal year 2024 has improved. 2024 revenue forecast increased from CHF143.4m to CHF166.0m. EPS estimate increased from CHF4.49 to CHF7.14 per share. Net income forecast to grow 22% next year vs 36% growth forecast for Real Estate industry in Switzerland. Consensus price target of CHF101 unchanged from last update. Share price was steady at CHF78.00 over the past week. Reported Earnings • Aug 28
First half 2024 earnings released: EPS: CHF3.58 (vs CHF2.19 in 1H 2023) First half 2024 results: EPS: CHF3.58 (up from CHF2.19 in 1H 2023). Revenue: CHF70.3m (up 2.3% from 1H 2023). Net income: CHF36.2m (up 64% from 1H 2023). Profit margin: 52% (up from 32% in 1H 2023). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 6.5% decline forecast for the Real Estate industry in Switzerland. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. New Risk • Aug 28
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 33% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (2.0% operating cash flow to total debt). Minor Risks Dividend is not well covered by cash flows (200% cash payout ratio). Large one-off items impacting financial results. Upcoming Dividend • Apr 16
Upcoming dividend of CHF3.10 per share Eligible shareholders must have bought the stock before 23 April 2024. Payment date: 25 April 2024. Trailing yield: 4.0%. Within top quartile of Swiss dividend payers (4.0%). In line with average of industry peers (3.7%). Major Estimate Revision • Mar 26
Consensus EPS estimates fall by 12%, revenue upgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from CHF127.0m to CHF139.0m. EPS estimate fell from CHF5.53 to CHF4.88 per share. Net income forecast to shrink 12% next year vs 33% growth forecast for Real Estate industry in Switzerland . Consensus price target broadly unchanged at CHF101. Share price rose 4.9% to CHF77.80 over the past week. Major Estimate Revision • Mar 25
Consensus EPS estimates fall by 12%, revenue upgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from CHF127.0m to CHF139.0m. EPS estimate fell from CHF5.53 to CHF4.88 per share. Net income forecast to shrink 12% next year vs 32% growth forecast for Real Estate industry in Switzerland . Consensus price target of CHF101 unchanged from last update. Share price rose 4.3% to CHF76.80 over the past week. Major Estimate Revision • Mar 19
Consensus EPS estimates increase by 21%, revenue downgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from CHF143.5m to CHF139.0m. EPS estimate rose from CHF4.82 to CHF5.81. Net income forecast to shrink 47% next year vs 31% growth forecast for Real Estate industry in Switzerland . Consensus price target of CHF100.00 unchanged from last update. Share price was steady at CHF73.60 over the past week. New Risk • Mar 11
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 4.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 4.6% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (200% cash payout ratio). Profit margins are more than 30% lower than last year (34% net profit margin). Major Estimate Revision • Mar 11
Consensus revenue estimates decrease by 11%, EPS upgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from CHF143.5m to CHF127.0m. EPS estimate increased from CHF4.79 to CHF5.53 per share. Net income forecast to grow 19% next year vs 31% growth forecast for Real Estate industry in Switzerland. Consensus price target of CHF100.00 unchanged from last update. Share price was steady at CHF76.00 over the past week. Declared Dividend • Mar 07
Dividend increased to CHF3.10 Dividend of CHF3.10 is 6.9% higher than last year. Ex-date: 23rd April 2024 Payment date: 25th April 2024 Dividend yield will be 4.1%, which is higher than the industry average of 3.7%. Sustainability & Growth Dividend is covered by earnings (45% earnings payout ratio) but not covered by cash flows (187% cash payout ratio). The dividend has decreased over the past 96 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 9.9% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 05
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: CHF4.65 (down from CHF9.85 in FY 2022). Revenue: CHF136.7m (up 41% from FY 2022). Net income: CHF47.0m (down 53% from FY 2022). Profit margin: 34% (down from 103% in FY 2022). Revenue exceeded analyst estimates by 35%. Earnings per share (EPS) also surpassed analyst estimates by 17%. Revenue is forecast to grow 7.3% p.a. on average during the next 2 years, compared to a 5.5% decline forecast for the Real Estate industry in Switzerland. Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 10% per year. Announcement • Mar 04
HIAG Immobilien Holding AG to Report Fiscal Year 2024 Results on Mar 03, 2025 HIAG Immobilien Holding AG announced that they will report fiscal year 2024 results on Mar 03, 2025 Major Estimate Revision • Feb 04
Consensus EPS estimates increase by 22%, revenue downgraded The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from CHF106.0m to CHF99.8m. EPS estimate rose from CHF3.22 to CHF3.94. Net income forecast to shrink 39% next year vs 17% decline forecast for Real Estate industry in Switzerland. Consensus price target broadly unchanged at CHF100.00. Share price was steady at CHF74.00 over the past week. Announcement • Nov 08
HIAG Immobilien Holding AG to Report First Half, 2024 Results on Aug 26, 2024 HIAG Immobilien Holding AG announced that they will report first half, 2024 results on Aug 26, 2024 Major Estimate Revision • Oct 31
Consensus revenue estimates fall by 13% The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CHF121.8m to CHF106.0m. EPS estimate fell from CHF3.64 to CHF3.22 per share. Net income forecast to shrink 38% next year vs 35% decline forecast for Real Estate industry in Switzerland. Consensus price target of CHF102 unchanged from last update. Share price was steady at CHF78.60 over the past week. Major Estimate Revision • Sep 19
Consensus EPS estimates increase by 14% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has improved. 2023 revenue forecast increased from CHF112.9m to CHF122.2m. EPS estimate increased from CHF4.28 to CHF4.89 per share. Net income forecast to shrink 29% next year vs 21% decline forecast for Real Estate industry in Switzerland. Consensus price target up from CHF96.67 to CHF102. Share price was steady at CHF77.60 over the past week. New Risk • Sep 03
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 4.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (2.9% operating cash flow to total debt). Earnings are forecast to decline by an average of 4.3% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (128% cash payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (52% net profit margin). Reported Earnings • Sep 03
First half 2023 earnings released: EPS: CHF2.19 (vs CHF5.56 in 1H 2022) First half 2023 results: EPS: CHF2.19 (down from CHF5.56 in 1H 2022). Revenue: CHF69.6m (up 71% from 1H 2022). Net income: CHF22.1m (down 61% from 1H 2022). Profit margin: 32% (down from 138% in 1H 2022). Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 6.8% decline forecast for the Real Estate industry in Switzerland. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. New Risk • Aug 30
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 52% Last year net profit margin: 124% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (3.1% operating cash flow to total debt). Earnings are forecast to decline by an average of 4.3% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (111% cash payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (52% net profit margin). Major Estimate Revision • May 12
Consensus revenue estimates decrease by 22% The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from CHF166.9m to CHF129.9m. EPS estimate unchanged from CHF4.23 per share at last update. Real Estate industry in Switzerland expected to see average net income decline 38% next year. Consensus price target of CHF96.67 unchanged from last update. Share price was steady at CHF81.80 over the past week. Major Estimate Revision • Apr 30
Consensus EPS estimates fall by 10% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from CHF4.73 to CHF4.24. Revenue forecast unchanged from CHF166.7m at last update. Net income forecast to shrink 50% next year vs 39% decline forecast for Real Estate industry in Switzerland. Consensus price target up from CHF94.67 to CHF96.67. Share price was steady at CHF83.00 over the past week. Upcoming Dividend • Apr 25
Upcoming dividend of CHF2.90 per share at 3.5% yield Eligible shareholders must have bought the stock before 02 May 2023. Payment date: 04 May 2023. Trailing yield: 3.5%. Lower than top quartile of Swiss dividend payers (4.3%). In line with average of industry peers (3.7%). Major Estimate Revision • Apr 23
Consensus revenue estimates increase by 20% The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from CHF122.9m to CHF147.4m. EPS estimate unchanged from CHF4.73 at last update. Real Estate industry in Switzerland expected to see average net income decline 39% next year. Consensus price target of CHF94.67 unchanged from last update. Share price rose 2.2% to CHF82.00 over the past week. Reported Earnings • Mar 14
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: EPS: CHF9.85. Revenue: CHF97.6m (up 23% from FY 2021). Net income: CHF99.4m (up 11% from FY 2021). Revenue exceeded analyst estimates by 12%. Earnings per share (EPS) also surpassed analyst estimates by 27%. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 9.5% decline forecast for the Real Estate industry in Switzerland. Major Estimate Revision • Sep 29
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast fell from CHF160.8m to CHF147.7m. EPS estimate rose from CHF5.92 to CHF6.92. Net income forecast to shrink 7.7% next year vs 30% decline forecast for Real Estate industry in Switzerland. Consensus price target down from CHF99.33 to CHF96.00. Share price fell 2.3% to CHF84.20 over the past week. Announcement • Sep 16
HIAG Immobilien Holding AG Appoints Béatrice Gollong as Head "Portfolio / Transaction" and Michele Muccioli as Head "Development / Realisation" as Well as Members of the Executive Board Effective 1 January 2023 HIAG Immobilien Holding AG announced that it strengthens its Executive Board as of 1 January 2023. The Board of Directors of HIAG Immobilien Holding AG has appointed Béatrice Gollong as Head "Portfolio /Transaction" and Michele Muccioli as Head "Development /Realisation" as well as members of the Executive Board effective 1 January 2023. Both already work for HIAG. The reinforcement of the Executive Board reflects HIAG's strategy to focus its profit generating business areas "Site Development", "Portfolio /Asset Management" and "Transactions". As of 1 January 2023, HIAG's Executive Board will consist of five people: the current members Marco Feusi, CEO, Rico M-ller, CFO, and Jvo Grundler, General Counsel, as well as the two new members Béatrice Gollong and Michele Muccioli. Béatrice Gollong joined HIAG on 1 May 2020 as manager of transactions and commercial space marketing. Prior to that, she worked for an independent real estate services company as Head of Investment and Consulting and Deputy CEO. She also held management positions at UBS Fund Management (Switzerland) and Wüest Partner. Béatrice Gollong is a graduate civil engineer and a member of the Royal Institution of Chartered Surveyors MRICS and holds an MBA in International Real Estate Management from the University of Applied Sciences Biberach (Germany).Michele Muccioli (*1978) joined HIAG in 2012 as a site developer. His development projects include the Papieri site in Biberist and the Wydeneck site in Dornach, among others. Prior to that, he worked as a real estate consultant and service developer at Wüest Partner as well as an architect and project manager at a Zurich-based architecture company. Michele Muccioli holds a degree in architecture from the University of Applied Sciences Winterthur with focus on urban planning and a Master of Advanced Studies in Real Estate from the University of Zurich. The Board of Directors wishes the new members of the Executive Board every success and joy in their new functions. Announcement • Sep 07
HIAG Immobilien Holding AG to Report First Half, 2023 Results on Aug 28, 2023 HIAG Immobilien Holding AG announced that they will report first half, 2023 results on Aug 28, 2023 Price Target Changed • Aug 30
Price target decreased to CHF99.33 Down from CHF107, the current price target is an average from 4 analysts. New target price is 17% above last closing price of CHF84.80. Stock is down 16% over the past year. The company is forecast to post earnings per share of CHF5.28 for next year compared to CHF10.39 last year. Major Estimate Revision • Aug 25
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast increased from CHF130.0m to CHF135.3m. EPS estimate fell from CHF5.57 to CHF4.11 per share. Net income forecast to shrink 28% next year vs 31% decline forecast for Real Estate industry in Switzerland. Consensus price target of CHF99.83 unchanged from last update. Share price was steady at CHF83.80 over the past week. Price Target Changed • Jul 27
Price target decreased to CHF104 Down from CHF115, the current price target is an average from 4 analysts. New target price is 20% above last closing price of CHF86.40. Stock is down 16% over the past year. The company is forecast to post earnings per share of CHF6.15 for next year compared to CHF10.39 last year. Upcoming Dividend • Apr 27
Upcoming dividend of CHF2.70 per share Eligible shareholders must have bought the stock before 02 May 2022. Payment date: 04 May 2022. Trailing yield: 2.8%. Lower than top quartile of Swiss dividend payers (3.9%). Lower than average of industry peers (3.2%). Major Estimate Revision • Mar 19
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 revenue forecast increased from CHF132.0m to CHF146.0m. EPS estimate unchanged from CHF8.62 at last update. Real Estate industry in Switzerland expected to see average net income decline 34% next year. Consensus price target down from CHF115 to CHF112. Share price was steady at CHF102 over the past week. Announcement • Feb 22
Yves Perrin Hands over Management of HIAG Romandie to Patrick Japhet Patrick Japhet will take over the management of HIAG Romandie on 1 May 2022. The real estate professional succeeds Yves Perrin-who will be entering retirement. Patrick Japhet holds a master's degree in material and structural mechanics from the EPF, Ecole d'Ing-nieurs Paris, supplemented by exchange studies in civil engineering at the -cole polytechnique f-d-rale de Lausanne (EPFL), and is a graduate of the Institut d'-tudes Immobili-res, Geneva. He offers around 20 years of experience in the real estate market, mainly in Western Switzerland. Patrick Japhet joins HIAG from a family office active in the real estate business, where he held the position of Chief Operating Director and member of the Investment Committee. Prior to that, he headed the strategic projects department of the M3 Group and worked for the construction and real estate company Losinger Marazzi and for the Bouygues Group in London. Over the past twelve years, Yves Perrin has very successfully built up HIAG Romandie with his great know-how and a strong position in the real estate market of Western Switzerland. He will remain at HIAG's disposal for selected projects. HIAG's Board of Directors and Executive Board like to thank Yves Perrin for his valuable commitment and wish him all the best. Executive Departure • Sep 04
Member of the Executive Board Laurent Spindler has left the company On the 1st of September, Laurent Spindler's tenure as Member of the Executive Board ended after 7.8 years in the role. As of June 2021, Laurent still personally held 6.78k shares (CHF625k worth at the time). A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.67 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Apr 27
Independent Vice-President of the Board of Directors & Lead Independent Director Walter Jakob has left the company On the 22nd of April, Walter Jakob's tenure in the role of Independent Vice-President of the Board of Directors & Lead Independent Director ended. As of December 2020, Walter personally held 2.50k shares (CHF274k worth at the time). Walter is the only executive to leave the company over the last 12 months. Upcoming Dividend • Apr 19
Upcoming dividend of CHF2.30 per share Eligible shareholders must have bought the stock before 26 April 2021. Payment date: 29 April 2021. Trailing yield: 2.0%. Lower than top quartile of Swiss dividend payers (3.5%). Lower than average of industry peers (3.3%). Major Estimate Revision • Mar 30
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 revenue forecast increased from CHF88.0m to CHF102.0m. EPS estimate unchanged at CHF3.25. Net income forecast to shrink 35% next year vs 17% decline forecast for Real Estate industry in Switzerland. Consensus price target of CHF119 unchanged from last update. Share price was steady at CHF107 over the past week. Announcement • Mar 15
HIAG Immobilien Holding AG Proposes Distribution for the Year of 2020 HIAG Immobilien Holding AG Board of Directors proposes to the shareholders a distribution for fiscal 2020 of CHF 2.30 per outstanding share (ex-date: 26 April 2021, value date: 29 April 2021), corresponding to a yield of 2.1% on the share price at the end of 2020. The distribution to shareholders is to be made in equal parts from the reserves from capital contributions (without withholding tax deduction) and as an ordinary dividend (with 35% withholding tax deduction). Announcement • Feb 23
Hiag Immobilien Holding Ag Announces Executive Changes HIAG Immobilien Holding AG announced that Walter Jakob, Vice Chairman of the Board of Directors and Lead Director, will not stand for re-election at the upcoming Annual General Meeting after having reached the mandatory age limit. Furthermore, Laurent Spindler will leave HIAG after a successor has been inducted. Laurent Spindler has been with HIAG for ten years, from 2011 to 2013 as Group Controller and since 2013 as Chief Financial Officer. He was a key player in the successful IPO and in establishing HIAG as a leading listed real estate company in the Swiss market. Laurent Spindler will remain a member of the Executive Board until his departure, which will take place at the end of October 2021 at the latest. The search for a successor has been initiated. Announcement • Jan 12
Hiag Immobilien Holding AG Launches Joint Venture with aventron AG for the Production of Solar Power HIAG Immobilien Holding AG and aventron AG set up the joint venture HIAG Solar in order to increase solar power production on the properties in HIAG's real estate portfolio in the long term. HIAG holds 49% and aventron 51% of HIAG Solar AG. With a planned module surface of approximately 65,000 m2 and an output of around 10 MWp, HIAG Solar intends to become a major solar power producer in Switzerland in the mid-term and to successively increase its production capacity. The company is striving for an annual power production of around 10 million kWh and CO2 equivalent savings of around 4.2 million tonnes. The first four plants are already in the planning stage and are expected to start power production in 2021 and 2022. Is New 90 Day High Low • Dec 28
New 90-day high: CHF108 The company is up 21% from its price of CHF89.40 on 29 September 2020. The Swiss market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CHF30.47 per share. Is New 90 Day High Low • Dec 09
New 90-day high: CHF101 The company is up 10.0% from its price of CHF91.20 on 10 September 2020. The Swiss market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CHF27.58 per share. Is New 90 Day High Low • Nov 10
New 90-day high: CHF97.00 The company is up 14% from its price of CHF85.20 on 11 August 2020. The Swiss market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CHF28.28 per share. 