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PSP Swiss Property AG (PSPN.S)

PSPN.S on Swiss Exchange

91.85CHF
22 Jun 2018
Change (% chg)

CHF0.85 (+0.93%)
Prev Close
CHF91.00
Open
CHF90.90
Day's High
CHF91.95
Day's Low
CHF90.90
Volume
71,508
Avg. Vol
96,607
52-wk High
CHF94.40
52-wk Low
CHF85.05

Latest Key Developments (Source: Significant Developments)

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

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