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PSP Swiss Property AG (PSPN.S)

PSPN.S on Swiss Exchange

98.80CHF
4:31pm GMT
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Volume
91,338
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97,677
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CHF99.50
52-wk Low
CHF85.05

Latest Key Developments (Source: Significant Developments)

PSP Swiss Property Guidance As Per Year-End 2018 Has Been Improved To 5%+
Tuesday, 13 Nov 2018 

Nov 13 (Reuters) - PSP Swiss Property AG ::GUIDANCE AS PER YEAR-END 2018 HAS BEEN IMPROVED TO 5%.EBITDA GUIDANCE FOR FY 2018 IS CONFIRMED.9-MONTH NET INCOME (EXCLUDING CHANGES IN FAIR VALUE) REACHED CHF 134.8 MILLION.9-MONTH CARRYING VALUE OF TOTAL PORTFOLIO WAS CHF 7.384 BILLION (END OF 2017: CHF 7.046 BILLION).EBITDA GUIDANCE OF CHF 240 MILLION.  Full Article

PSP Swiss Property Q1 Net Income Incl. Changes In Fair Value At CHF 40.3 Million
Tuesday, 8 May 2018 

May 8 (Reuters) - PSP Swiss Property AG ::Q1 NET INCOME (EXCLUDING CHANGES IN FAIR VALUE) ROSE BY 8.7% OR CHF 3.5 MILLION TO CHF 43.2 MILLION.Q1 NET INCOME (INCLUDING CHANGES IN FAIR VALUE) REACHED CHF 40.3 MILLION (Q1 2017: CHF 39.7 MILLION).Q1 RENTAL INCOME ROSE BY CHF 0.7 MILLION TO CHF 69.1 MILLION (Q1 2017: CHF 68.4 MILLION).FOR FY 2018, AN EBITDA (EXCLUDING CHANGES IN FAIR VALUE) OF ABOVE CHF 235 MILLION IS STILL EXPECTED.PSP SWISS PROPERTY - FOR FY 2018 RENTAL INCOME IS LIKELY TO INCREASE BY AROUND CHF 8 MILLION, INCOME FROM CONDOMINIUM SALES WILL FALL.PREDICTED DECLINE IN EBITDA IN 2018 MAINLY REFLECTS LOWER EXPECTED INCOME FROM CONDOMINIUM SALES.RATE OF AROUND 7.5% IS NOW EXPECTED AT YEAR-END 2018.VACANCY RATE OF AROUND 7.5% IS NOW EXPECTED AT YEAR-END 2018.  Full Article

PSP Swiss Property ‍Has Concluded Two Letting Agreements With Co-Working Providers​
Tuesday, 16 Jan 2018 

Jan 16 (Reuters) - PSP SWISS PROPERTY AG ::‍HAS CONCLUDED TWO LETTING AGREEMENTS WITH CO-WORKING PROVIDERS​.  Full Article

PSP Swiss Property ‍Purchases Prime Property Portfolio For CHF 190 Mln​
Friday, 8 Dec 2017 

Dec 8 (Reuters) - PSP SWISS PROPERTY AG ::‍PURCHASES A PRIME PROPERTY PORTFOLIO FOR CHF 190 MILLION FROM EDMOND DE ROTHSCHILD (SUISSE) S.A.​.‍AS PER 1 FEBRUARY 2018, NINE REPRESENTATIVE OFFICE BUILDINGS ARE TAKEN OVER​.‍EDMOND DE ROTHSCHILD (SUISSE) S.A. REMAINS SINGLE OR MAIN TENANT IN ALL BUILDINGS​.  Full Article

PSP Swiss Property confirms FY 2017 EBITDA guidance​
Tuesday, 14 Nov 2017 

Nov 14 (Reuters) - PSP SWISS PROPERTY AG ::‍CONFIRMATION OF FY 2017 EBITDA GUIDANCE​.9-MONTH ‍NET INCOME REACHED CHF 138.2 MILLION (Q1-Q3 2016: CHF 132.0 MILLION)​.9-MONTH ‍NET INCOME (INCLUDING CHANGES IN FAIR VALUE) WAS CHF 165.1 MILLION (Q1-Q3 2016: CHF 102.8 MILLION)​.AS FOR VACANCIES AT YEAR-END 2017, LOWER RATE OF BELOW 8.5% NOW EXPECTED​.9-MONTH RENTAL INCOME CHF 204.3 MILLION, DOWN 1.7 PERCENT​.9-MONTH ADJUSTED EBITDA CHF 187.4 MILLION, +1.5 PERCENT​.  Full Article

PSP Swiss Property FY net profit down to CHF 134.9 mln, change of chairman
Monday, 6 Mar 2017 

PSP Swiss Property AG : FY rental income at 276.3 million Swiss francs ($273.19 million), up 0.5 percent . FY EBITDA (excluding valuation effects) amounted to 241.6 million francs (2015: 232.7 million francs) . In 2016, net profit (excluding valuation effects) of 172.5 million francs was generated (2015: 161.3 million francs) . FY net profit (including valuation effects) amounted to 134.9 million francs (2015: 187.7 million francs), down 28.2 percent . For FY 2017, an EBITDA (excluding valuation effects) of around 225 million francs expected . Distribution of 3.35 francs per share proposed . Guenther Gose, chairman of the board of directors will not stand for re-election .Luciano Gabriel to be proposed as new chairman of the board of directors.  Full Article

Swiss stocks - Factors to watch on Nov. 13

ZURICH/BERLIN, Nov 13 The Swiss blue-chip SMI was seen opening 0.2 percent higher at 9,001 points on Tuesday, according to premarket indications from bank Julius Baer.