Edition:
United Kingdom

PSP Swiss Property AG (PSPN.S)

PSPN.S on Swiss Exchange

90.20CHF
12 Dec 2017
Change (% chg)

-- (--)
Prev Close
CHF90.20
Open
--
Day's High
--
Day's Low
--
Volume
--
Avg. Vol
67,091
52-wk High
CHF94.50
52-wk Low
CHF83.90

Latest Key Developments (Source: Significant Developments)

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

PSP Swiss Property expects FY EBITDA of CHF 240 mln
Friday, 19 Aug 2016 

PSP Swiss Property AG : H1 net income (including changes in fair value) was 65.0 million Swiss francs ($68.03 million) (H1 2015: 88.2 million francs) . H1 net income (excluding changes in fair value) reached 89.0 million francs (H1 2015: 78.7 million francs) . At end of June 2016, vacancy rate stood at 9.1 percent (end of 2015: 8.5 percent) . For 2016, now expects an EBITDA (excluding changes in fair value) in excess of 240 million francs .With regard to vacancies at year-end 2016, an improved vacancy rate of around 10 percent is now expected.  Full Article

PSP Swiss Property Q1 net income CHF 46.9 mln
Tuesday, 10 May 2016 

PSP Swiss Property Ag : FY 2016 EBITDA and vacancy forecast confirmed . At end of March 2016, vacancy rate stood at 8.7 percent (end of 2015: 8.5 percent) . Q1 net income (excluding changes in fair value) reached 46.9 million Swiss francs ($48.26 million) (Q1 2015: 38.2 million francs) . In certain geographical areas, there is a structural oversupply of office space . During Q1 , there were no revaluations and no sales of investment properties .Investment demand, from swiss institutional investors, for high-class commercial properties in sought-after locations remains high.  Full Article

PSP Swiss Property AG issues FY 2016 outlook above analysts' estimates, to propose FY 2015 dividend
Tuesday, 1 Mar 2016 

PSP Swiss Property AG:For FY2015, board of directors proposes cash payment of 3.30 Swiss francs per share​.‍For 2016, EBITDA (excluding changes in fair value) of about 240 million francs is expected (2015: 232.7 million francs).FY 2016 234.36 Swiss francs - Thomson Reuters I/B/E/S.  Full Article

Swiss stocks - Factors to watch on Dec 11

ZURICH, Dec 11 The Swiss blue-chip SMI was seen opening 0.3 percent higher at 9,351 points on Monday, according to premarket indications by bank Julius Baer .