1. Switzerland Stocks

  2. •

    Finance

  3. •

    Real estate development
Varia US Properties AG

Varia US Properties AG

12.15
CHF
+0.35
(+2.97%)
-3.08EPS
139.74MMarket Cap
Nov 30Next Earn
Varia US Properties AG
LSE:0RKW
(London Stock Exchange)

Recent

price

12.15

P/E

ratio

- -

div

yld

- -

ROIC.AI

2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
USD
- -
8.86
8.54
9.87
10.82
10.66
12.5
12.24
10.72
9.71
8.72
Revenue per Share
- -
4.15
2.79
4.75
3.91
15.41
12.11
-13.73
-1.73
-3.14
-3.81
Basic EPS, GAAP
- -
4.51
4.4
4.26
3.93
4.35
3.83
3.78
5.35
2.85
3.97
Free Cash Flow per Basic Share
- -
0.18
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
33.24
34.38
37.14
37.36
38.48
50.79
60.13
39.23
35.13
31.91
30.94
Book Value per Share
32.93
34.38
37.14
37.36
38.48
50.79
60.13
39.23
35.13
31.91
30.94
Tangible Book Value per Share
3
7
9
9
9
10
10
10
10
10
10
Basic Weighted Avg Shares
- -
60
76
89
98
108
127
124
109
98
89
Sales/Revenue/Turnover
- -
44.23
44.73
44.17
40.75
35.33
34.2
32.84
41.62
37.47
33.18
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
- -
28
25
43
36
156
123
-139
-18
-32
-39
Net Income, GAAP
- -
2.41
23.52
22.64
21.83
23.71
19.33
- -
- -
- -
- -
Effective Tax Rate (%)
- -
46.83
32.68
48.1
36.11
144.56
96.88
-112.11
-16.13
-32.29
-43.74
Profit Margin (%)
89
47
31
5
80
44
26
5
-31
18
9
Working Capital
201
340
453
565
592
868
959
854
714
551
554
LT Debt
225
270
334
336
390
514
609
397
356
323
313
Total Equity
- -
9.17
5.52
7.3
6.84
15.22
10.59
- -
- -
- -
- -
Return on Invested Capital (%)
- -
6.63
5.52
7.15
5.78
15.08
10.52
- -
- -
- -
- -
Return on Capital (%)
- -
12.31
8.57
12.75
9.78
34.52
21.83
-27.63
-4.65
-9.35
-11.66
Return on Common Equity (%)

Capital Structure

USD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
33
8
1
LT Borrowings
551
552
554
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
10
10
10
Market Capitalization
251
221
173

Working Capital

USD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
179
77
25
Cash, Cash Equivalents & STI
22
16
21
Accounts Receivable, Net
- -
1
1
Inventories
- -
- -
- -
Total Current Liabilities
160
64
16
Payables & Accruals
- -
- -
- -
ST Debt
33
8
1
Deferred Revenue
- -
- -
- -

Growth Rates

USD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
-0.8%
-9.19%
Free Cash Flow
- -
0.94%
-46.74%
Net Income, GAAP
- -
19.67%
81.29%
Sales/Revenue/Turnover
- -
0.61%
-9.43%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
28
28
27
26
109
2025
26
25
24
23
98
2026
22
19
- -
- -
- -

Quarterly Earnings Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.69
-0.64
0.1
-0.5
-1.73
2025
-0.94
0.66
-0.07
-2.79
-3.14
2026
-0.63
-0.35
- -
- -
- -

Quarterly Dividends Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.57
- -
- -
- -
- -
2025
0.55
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
Similar Companies
DLF Limited (NSE:DLF)
Opendoor Technologies Inc (NASDAQ:OPEN)
Samolet (MOEX:SMLT)
Alarko Holding A.S. (BIST:ALARK)
Godrej Properties Limited (NSE:GODREJPROP)
Lodha Developers Ltd. (NSE:LODHA)
Business
Varia US Properties AG Varia US Properties AG is a Switzerland-based real estate investment company that acquires, holds, repositions, manages and sells multifamily housing properties in the United States, with a primary focus on low-moderate income and workforce housing in secondary and tertiary markets within metropolitan regions; its core activities encompass securing rental income through operational management and achieving value growth via strategic transitions and dispositions. Founded in 2015 and headquartered in Zug, the company operates exclusively in the U.S. market, generating all revenue from investment properties such as multifamily apartments that deliver stable cash flows amid demand for affordable rentals. Varia US Properties AG partners with Stoneweg SA as its external asset manager, leveraging the latter's expertise in U.S. real estate and a network supporting property acquisitions and operations. In the first half of 2025, the company achieved significant progress, nearly doubling total income to USD 65.9 million, recording a net operating profit for the first time since Q3 2022, posting a net gain on property revaluations, increasing like-for-like real estate value by 1.1% to USD 1.143 billion, and executing strategic dispositions of older assets to enhance portfolio quality, reduce costs and exit competitive markets; subsequent Q3 2025 results showed a 22% income rise, reduced net loss, and bond repayment to mitigate currency risk, while anticipating EBITDA and FFO growth as market conditions stabilize.