UBS's "Anfos" fund experienced a 5.3% growth in rental income during the 2023/2024 financial year, with an increase of CHF 6.9 million to CHF 137.9 million. This increase was driven by rent hikes linked to two reference interest rate adjustments and the completion of new residential projects in Kloten and Rothrist.

The fund's rent default rate improved slightly, decreasing by 0.1 percentage points to 3.3% as of September 30, 2024. The overall value of the property portfolio surged by approximately CHF 121 million, reaching CHF 3.3 billion, while net income remained stable at CHF 63.7 million. Total income saw a significant boost, increasing by CHF 54.2 million to CHF 121.6 million, primarily due to unrealized capital gains of CHF 72.8 million.

The fund achieved a return on investment of 5.7%, benefiting from both income-related property value increases and capital gains from new constructions. Notably, the fund's performance of 20.3% outpaced the benchmark SXI Real Estate Funds TR, which recorded a return of 15.3%.