The Annual General Meeting (AGM) 2024 of Varia US Properties AG took place today in Lausanne. A total of 5.836.819 voting shares corresponding to 57.64% of the entire share capital were represented by their owners in person, an individual proxy or by the independent proxy. All items and motions on the agenda for the AGM have been approved by shareholders. Among others, shareholders approved the continuation of the quarterly dividend program. The authorized next four installments of respectively CHF 0.50 per share will be distributed on 7 August 2024, 7 November 2024, 7 February 2025, and 7 May ..read more

Varia US Properties AG will hold its Annual General Meeting (AGM) 2024 on 24 April 2024 at 10:00 am CET in Lausanne (hotel “Alpha Palmiers”, Rue du Petit-Chêne 34). Doors will open at 09:30 am CET. The invitation and proxy statement for the shareholders meeting, together with the agenda and items to be voted, have been sent out today and are also available on the Company’s website via https://variausproperties.com/investors/annual-general-meeting/. The agenda for the AGM 2024 includes the following items and motions: Approval of the management report, the statutory financial statements and th ..read more

Manuel Leuthold, Chairman of the Board of Directors of Varia US Properties, said: “Like all market segments, US real estate has its cycles, and 2023 turned out to be the year of a downturn for the US multifamily sector. Consequently, valuations started to decrease, and transaction volumes froze. However, Varia US navigated through these challenging times with solid operating results, a strategic reduction of debt and with the continuation of its portfolio optimization strategy. We sold ten assets during 2023, generating total proceeds of USD 266.3 million. We used these proceeds to repay USD 1 ..read more

Rental income for the first nine months of 2023 up by 2.4% to USD 95.7 million (January-September 2022: USD 93.5 million) 6.8% higher average monthly rent per unit (USD 1,212), while average occupancy rate remained stable (92.7%) EBITDA was down at USD 32.6 million (January-September 2022: USD 71.0 million) Portfolio valuation was lower at USD 1,364.2 million, resulting in a net loss for Q3 2023 After the reporting period, shareholders approved a special dividend of CHF 3.00 per share Patrick Richard, Executive Member of the Board of Directors of Varia US Properties, said: “In Q3 2023, Varia ..read more

An Extraordinary General Meeting (EGM) of Varia US Properties AG took place today in Zurich. A total of 5,890,707 voting shares corresponding to 58.17% of the Company’s entire share capital were represented either in person, by an individual proxy or by the independent proxy. The shareholders approved the sole motion on the EGM’s agenda, i.e.the distribution of an extraordinary dividend amounting to CHF 3.00 per share, payable on 9 November 2023 (together with the next regular quarterly dividend distribution of CHF 0.50, as approved by the annual general meeting in April 2023). Like the regula ..read more

Varia US Properties AG invites its shareholders to an Extraordinary General Meeting (EGM) on 3 November 2023 at 10:00 CET in “Haus zum Rüden” (Limmatquai 42) in Zurich, doors will open at 09:30 CET. The invitation to participate in this EGM has been sent out today and is also available on the Company’s website via variausproperties.com/investors/annual-general-meeting/. Manuel Leuthold, Chairman of the Board of Directors of Varia US Properties, elaborates: “Based on the strong results achieved in 2022, the Board of Directors proposes to distribute an additional, one-time dividend in the amoun ..read more

In 2023, Varia US was evaluated by GRESB for the second time. The 2023 assessment result shows a significantly improved performance in terms of Environmental, Social and Governance dimensions compared to the initial 2022 rating: Benchmark Report Score: 83/100 (2022: 64/100), Peer Average: 79/100 (2022: 79/100) GRESB Model: Management Score: 30/30 (2022: 27/30), Benchmark Average: 27/30 (2022: 26/30) Performance Score: 53/70 (2022: 37/70), Benchmark Average: 51/70 (2022: 44/70) ESG Breakdown: Environmental: 45/62 (2022: 29/62), Benchmark Average: 43/62 (2022: 37/62) Social: 18/18 (2022: 18/1 ..read more

Rental income up 8.1% to USD 67.0 million (H1 2022: USD 62.0 million) Total realized income at USD 85.3 million (H1 2022: USD 91.1 million) Total income was USD 22.4 million (H1 2022: USD 248.9 million) EBITDA was lower at USD 27.9 million (H1 2022: USD 45.5 million) Net Loss of USD 57.2 million on revaluation of properties (H1 2022: Net Gain of USD 178.4 million) Operating result (incl. revaluation) of USD -35.1 million (H1 2022: USD 203.4 million) Portfolio value at USD 1.460 billion (as per end of 2022: USD 1.704 billion) NAV per share USD 51.87 (as per end of 2022: USD 60.13) Earnings per ..read more

Varia US Properties today announced that it has successfully sold in total eight non-strategic properties in the course of Q2 2023. Despite ongoing pressure on the valuation of real estate assets, Varia has been able to dispose these properties around or above their respective latest external valuation. As a result, the Company realized an overall selling price of USD 200 million, representing an average gross internal rate of return (IRR) of 20.2% and an average gross multiple on the invested capital (MOIC) of 2.05. Further details will be disclosed on 31 August 2023 with the Company’s Half-Y ..read more

2022 Annual ESG Report confirms corporate sustainability progress of Varia US Properties Varia US Properties AG is proud to present today the 2022 Annual ESG report of the Company. Patrick Richard, Executive Member of the Board of Directors of Varia US Properties, comments: “Our 2022 Annual ESG Report is once again a very pragmatic, down to earth, and detailed document. It demonstrates our progress and provides significantly more data and information than our inaugural 2021 report. Thanks to our sustained data process efforts, Varia US Properties and its asset manager Stoneweg US are now able ..read more