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BRIEF-PSP Swiss Property Q1 net income excl changes in fair value at CHF 40.3 million
May 12, 2017 / 5:09 AM / 7 months ago

BRIEF-PSP Swiss Property Q1 net income excl changes in fair value at CHF 40.3 million

May 12 (Reuters) - PSP SWISS PROPERTY AG

* FY 2017 EBITDA FORECAST CONFIRMED; LOWER VACANCIES EXPECTED FOR YEAR-END 2017

* EBITDA (EXCLUDING CHANGES IN FAIR VALUE) OF APPROXIMATELY CHF 225 MILLION IS EXPECTED FOR FY 2017

* IN Q1 2017, NET INCOME (EXCLUDING CHANGES IN FAIR VALUE) REACHED CHF 40.3 MILLION (Q1 2016: CHF 46.9 MILLION)

* Q1 OVERALL NET INCOME, I.E. INCOME INCLUDING CHANGES IN FAIR VALUE, WAS ALSO CHF 40.3 MILLION (Q1 2016: CHF 46.9 MILLION)

* NO MAJOR COMMITTED BANK LOANS WILL BE DUE UNTIL 2019

* AT END OF MARCH 2017, VACANCY RATE STOOD AT 9.1% (END OF 2016: 9.3%) Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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