PSP Swiss Property AG
PSPN
ISIN CH0018294154 / Valor 1829415
PSP Swiss Property AG
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About company
PSP Swiss Property AG is a prominent real estate company in Switzerland, specializing in owning office and commercial properties in key economic hubs across the country. With a portfolio value of CHF 9.6 billion, the company focuses on acquiring and managing high-quality properties in prime locations to generate long-term value for its stakeholders. PSP Swiss Property AG's strategic approach to real estate investment positions it as a key player in the Swiss real estate market.
Summarized from source with an LLMView SourceSector: FinanceLatest Results (23.12.2024):
Dividend Increase
For the year ending December 31, 2023, PSP Swiss Property AG reported very good operating results and announced an increase in the dividend to CHF 3.85 per share. This proposal will be presented at the Annual General Meeting on April 4, 2024, reflecting the company's commitment to a shareholder-friendly dividend policy.
Rental Income Growth
PSP Swiss Property AG's rental income increased by 5.0% to CHF 331.9 million for the year 2023, compared to CHF 316.2 million in 2022. This growth was supported by a 5.1% EPRA like-for-like increase, indicating strong demand for their rental properties.
Net Income Decline
The company reported a net income of CHF 207.6 million for 2023, a decrease of 37.1% from CHF 330.0 million in 2022. This decline was primarily due to a portfolio devaluation of CHF -161.3 million, contrasting with an appreciation of CHF 124.9 million in the previous year.
Portfolio Valuation
As of the end of 2023, PSP Swiss Property AG's real estate portfolio was valued at CHF 9.6 billion, up from CHF 9.4 billion at the end of 2022. The vacancy rate increased slightly to 3.6% from 3.0% in the previous year, reflecting changes in market dynamics.
Sustainability Achievements
PSP Swiss Property AG made significant strides in sustainability, reducing CO2 emissions per square meter by 13.3% in 2023. The company also reported in accordance with TCFD requirements for the first time, aligning its portfolio with the 1.5°C climate target and committing to a net-zero goal by 2050.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
6480 M
Market cap (USD)
149,477
Daily traded volume (Shares)
127.1 / 124.5
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
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EPS (USD)
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Ratings & reviews
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