Varia US Properties AG 2024 Annual Report with Sustainability Disclosures
Company: Varia US Properties AG
Sector: Real estate
Country: Switzerland
Year: 2024
Type: Annual Report with Sustainability Disclosures
Pages: 144
The report outlines Varia US Properties AG's financial and operational performance for the fiscal year 2024. Despite market challenges and elevated interest rates, the company increased its like-for-like rental income by 3.6% and improved its occupancy rate to 93.7%. Varia strategically disposed of four older properties, generating USD 104.2 million in gross proceeds, while continuing capital and ESG investments. In sustainability, the company achieved a 4-star GRESB rating with an improved score of 87/100 and completed its first solar panel installations.
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