Fundamenta Real Estate
Fundamenta Real Estate AG is a Swiss SIX-listed company that owns and actively manages a CHF 1.25 billion portfolio of residential properties exclusively in German-speaking Switzerland, serving residential tenants and equity investors through a focused urban housing strategy.
- Company typePublic
- Founded2006
- HeadquartersZug, Switzerland
- Headcount1–10
- GTM typeB2C
- OfferingServices
What Fundamenta Real Estate does
Fundamenta Real Estate AG is a Swiss publicly listed real estate company (SIX:FREN) founded in 2006 and headquartered in Zug. The company owns and manages a residential real estate portfolio exclusively in German-speaking Switzerland, comprising 63 existing properties plus 2 development projects with a combined balance-sheet value of CHF 1,253 million as of December 31, 2025. It positions itself as the only SIX-listed real estate stock company with a single-focus residential mandate in the German-speaking part of Switzerland, targeting urban markets including Zurich, Basel, Bern, Winterthur, and St. Gallen. Asset management is outsourced to Swiss Prime Site Solutions AG under an integral, interdisciplinary model that combines portfolio, development, construction, and property management under one provider.
The business operates an active asset management model centered on three levers: (1) ongoing rental operations across the existing portfolio, (2) replacement construction, densification, and repositioning of selected properties to lift net rental income, and (3) capital recycling — selling properties with limited potential or regulatory challenges and reinvesting proceeds into the development pipeline and new acquisitions. In 2025 the company delivered net rental income of CHF 42.3 million (vacancy 1.5%), net profit of CHF 46.1 million (+51.2% YoY), and revaluation gains of CHF 27.0 million. It raised CHF 70 million of new equity in November 2025, lifting the equity ratio to 48.0% and reducing LTV to 46.7%, with average financing cost of 1.08% and 6.4-year average remaining maturity.
Revenue mechanics combine recurring net rental income with transactional property sale gains and mark-to-market revaluation gains. Customers are split between fragmented residential tenants (long-tail, low individual value) and institutional and retail investors who access the portfolio through the SIX-listed share. Distribution is via the SIX Swiss Exchange (Ticker FREN, ISIN CH0045825517) for capital and via direct rental for housing. The company pursues ESG positioning through GRESB (Three Star, score 82), the Swiss Sustainable Real Estate Index, and REIDA CO2 benchmarking (9.0 kg CO2eq/m² EBF, below peer average), alongside Minergie-standard renovations on development projects.
Fundamenta Real Estate firmographics
Firmographics- Name
- Fundamenta Real Estate
- Legal name
- Fundamenta Real Estate AG
- Website
- https://fundamentarealestate.ch
- Company type
- Public
- Founded year
- 2006
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Fundamenta Real Estate AG is a Swiss SIX-listed company that owns and actively manages a CHF 1.25 billion portfolio of residential properties exclusively in German-speaking Switzerland, serving residential tenants and equity investors through a focused urban housing strategy.
- Ownership category
- akta.pro rank
Fundamenta Real Estate industry classification
Industry- Product category
- Residential Real Estate Investment
- NAICS
- Funds, Trusts, and Other Financial Vehicles (525), Other Investment Pools and Funds (5259)
- SIC
- Real Estate Investment Trusts (6798), Real Estate Dealers (For Their Own Account) (6532)
- akta.pro primary industry
- Real Estate Portfolio & Fund Management (Institutional/REIT/PE) (BPAJAMAJ)
- akta.pro secondary industries
- Real Estate Development Asset Management (Project/Construction-to-Stabilization) (BPAJAMAL), Core Real Estate (Stabilized/Core-Plus) (FSAAAKAA)
Keywords
Where Fundamenta Real Estate is headquartered
LocationHeadquarters
- HQ city
- Zug
- HQ country
- Switzerland
- HQ region
- Europe
Offices1 record
Markets served
Fundamenta Real Estate business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Operations, Infrastructure, Supply Chain, Personnel, Marketing or Sales
Revenue model
- Net Rental Income: Primary revenue stream from 63 existing residential properties and 2 development projects in German-speaking Switzerland. Net actual rental income of CHF 42.3 million in 2025, with very low vacancy rate of 1.5%. Income generated from residential apartments across portfolio.
- Property Sales (Capital Recycling): Strategic divestment of properties with regulatory challenges, high investment needs, limited yield potential, or smaller structurally inefficient units. Sales generate gains above book value (CHF 7.0 million in 2025, 15% above book value). Proceeds reinvested into development pipeline and acquisitions.
- Revaluation Gains: Mark-to-market gains from independent property valuations. Record revaluation success of CHF 27.0 million (before deferred taxes) in 2025, driven by completed development projects and positive market developments.
Go-to-market motion2 records
Distribution channels2 records
Marketing channels4 records
Fundamenta Real Estate product offering
Product offeringCore offering
Fundamenta Real Estate AG owns and actively manages a residential property portfolio in German-speaking Switzerland, comprising 63 existing residential properties plus two development projects with a combined balance-sheet value of CHF 1,253 million as of December 2025. The company generates net rental income from tenants, pursues development and repositioning projects, and recycles capital by selling underperforming assets to reinvest in higher-value opportunities.
Product overview
Fundamenta Real Estate AG operates as a single-focus residential real estate investment company listed on SIX Swiss Exchange, offering an integrated suite of property management services: residential portfolio management across 65 properties valued at CHF 1,253 million, development projects for new construction and densification, active property repositioning for value optimization, and capital recycling to exit underperforming assets. Asset management is provided by Swiss Prime Site Solutions AG using an interdisciplinary, integral approach focused on sustainable residential real estate in German-speaking Switzerland.
Differentiator
Problem solved
Functional benefit
Quantifiable outcome
- Net rental income of CHF 42.3 million in 2025 (+1.1% YoY)
- +4 more outcomes
Companies that use Fundamenta Real Estate
Customer profileNamed customers1 record
Segments2 records
Ideal customer profiles2 records
Fundamenta Real Estate technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Fundamenta Real Estate partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core and minor.
- Swiss Prime Site Solutions AGcoreAsset management services provider for Fundamenta Real Estate AG. Located at Poststrasse 4a, 6300 Zug. Responsible for portfolio management, investment strategy, and day-to-day asset management operations including construction management, development management, and property management oversight.
- PricewaterhouseCoopers AGcoreExternal audit services provider. Confirmed as auditor by shareholders at General Meetings.
- Construction Companies and General ContractorsminorVarious construction firms, planners, general and total contractors, craftsmen for development projects, repositioning, and facility management.
Scale indicators10 records
Recent moves7 records
Expansion highlights4 records
Fundamenta Real Estate competitors and assessment
Company assessmentDirect peers
- Allreal Holding: Allreal Holding is a SIX-listed Swiss real estate company combining residential and commercial properties with active project development. Comparable to Fundamenta as a directly competing listed Swiss real estate company with overlapping residential exposure and similar investment/development strategy in German-speaking Switzerland.
- PSP Swiss Property: PSP Swiss Property is a SIX-listed Swiss real estate company holding a commercial-led portfolio. Comparable to Fundamenta as a directly competing listed Swiss REIT with similar geographic exposure to German-speaking Switzerland and the same regulatory framework, though focused on commercial rather than residential properties.
- Mobimo Holding: Mobimo Holding is a SIX-listed Swiss real estate company with residential and commercial properties plus development pipeline. Comparable to Fundamenta as a directly competing listed Swiss REIT with overlapping German-speaking Switzerland footprint and similar capital recycling and development approach.
Regional players
- Hiag Immobilien Holding: Hiag Immobilien is a SIX-listed Swiss real estate company specializing in industrial and logistics properties. Comparable to Fundamenta as a smaller SIX-listed Swiss real estate peer competing for the same Swiss institutional investor base, though focused on industrial/logistics rather than residential.
- Investis Holding: Investis Holding is a SIX-listed Swiss real estate company combining owned residential/commercial properties with real estate services. Comparable to Fundamenta as a SIX-listed Swiss real estate peer with residential exposure in similar geographies, though with a more diversified services-oriented business model.
- Peach Property Group: Peach Property Group is a residential-focused real estate company operating in the DACH region (primarily Germany with Swiss presence). Comparable to Fundamenta as a residential-focused listed REIT operating in the German-speaking European market with similar value-add and development strategy, though primarily Germany-focused rather than Swiss-focused.
- Intershop Holding: Intershop Holding is a SIX-listed Swiss real estate company focused on commercial/retail properties. Comparable to Fundamenta as a smaller SIX-listed Swiss real estate company serving the same Swiss-German investor audience, though operating in commercial rather than residential property segment.
Broad incumbents
- Swiss Prime Site: Swiss Prime Site is the largest SIX-listed Swiss real estate company and parent of Fundamenta's outsourced asset manager (Swiss Prime Site Solutions AG). Comparable as the dominant incumbent in Swiss listed real estate; provides asset management infrastructure for Fundamenta and serves the same investor base, though operates at much larger scale across multiple property types.
Market position
Strengths5 records
Weaknesses3 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Fundamenta Real Estate social profiles
Digital presenceFundamenta Real Estate compliance and trust
Trust signalCompliance4 records
Fundamenta Real Estate financial estimates
Financial estimateRevenue estimate
Valuation estimate
Fundamenta Real Estate leadership team
Management profileNumber of profiles
Profiles4 records
Fundamenta Real Estate funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Fundamenta Real Estate M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Fundamenta Real Estate
What does Fundamenta Real Estate do?
Fundamenta Real Estate AG owns and actively manages a residential property portfolio in German-speaking Switzerland, comprising 63 existing residential properties plus two development projects with a combined balance-sheet value of CHF 1,253 million as of December 2025. The company generates net rental income from tenants, pursues development and repositioning projects, and recycles capital by selling underperforming assets to reinvest in higher-value opportunities.
Is Fundamenta Real Estate a public or private company?
Fundamenta Real Estate is a public company. It is classified as public and is currently operating.
When was Fundamenta Real Estate founded?
Fundamenta Real Estate was founded in 2006. It employs 1 to 10 people.
Where is Fundamenta Real Estate based?
Fundamenta Real Estate is headquartered in Zug, Switzerland, in the Europe region.
How does Fundamenta Real Estate make money?
Three revenue lines are on record. Net Rental Income is the primary driver. The others are property Sales (Capital Recycling) and revaluation Gains.
Who are Fundamenta Real Estate's main competitors?
Direct peers on record are Allreal Holding, PSP Swiss Property and Mobimo Holding. Regional players are Hiag Immobilien Holding, Investis Holding, Peach Property Group and Intershop Holding. Swiss Prime Site is listed as a broad incumbent.
Does Fundamenta Real Estate have an API?
No public API is recorded for Fundamenta Real Estate.
What industry is Fundamenta Real Estate in?
Fundamenta Real Estate's product category is Residential Real Estate Investment. Its primary akta.pro industry code is BPAJAMAJ, Real Estate Portfolio & Fund Management (Institutional/REIT/PE), with a secondary code of BPAJAMAL, Real Estate Development Asset Management (Project/Construction-to-Stabilization). Its NAICS code is 525 and its SIC code is 6798.