1、Annual Report 2023Growing with valuesAnnual Report 2023 of Peach Property Group AG2Peach Property Group AG is a real estate investor with an investment focus on residential real estate in Germany.Our tenants are at the center of our activities.With innovative solutions for modern living needs,we off
2、er clear added value.Our portfolio comprises high yielding investment properties,typically in German Tier II cities in the commuter belt of metropolitan areas.In addition we are developing selected projects to be sold as condominiums.Our services span the entire value chain,from location evaluation
3、and acquisition to active asset management and the letting or sale of our properties.We have our registered office in Zurich;our German headquarters are based in Cologne.The shares of Peach Property Group AG are listed on the SIX Swiss Exchange.Key Figures1 NAV market value based on the independent
4、appraisal of West Partner incl.assets held for sale.2 Excluding hybrid capital and non-controlling interests.3 Excluding treasury shares.Peach Property Group(consolidated)Dec 31,2023Dec 31,2022Dec 31,2021Rental incomein EUR thousands120 872116 497100 409EPRA like-for-like rental incomein%4.65.04.0Fu
5、nds from operation I(FFO I)in EUR thousands22 82219 20710 208Result before taxesin EUR thousands-229 632-19 967239 997Result after taxesin EUR thousands-193 913-15 031186 102NAV IFRSin EUR thousands982 2271 107 8221 081 273Equity ratio(IFRS)in%38.139.640.1Real estate portfolio at market values (incl
6、.right-of-use assets)1in EUR thousands2 459 3572 663 0892 618 742Number of employees228233194Number of shares (nominal value of CHF 1.00/30.00 each)20 740 91816 882 37316 882 373Share capitalin EUR thousands19 095455 59714 510Diluted earnings for loss per sharein EUR-9.14-0.9711.45Diluted FFO I per