Switzerland's EPIC Suisse H1 rental income rises on new property completions
Switzerland's EPIC Suisse H1 rental income rises on new property completions
Overview
Switzerland real estate firm's H1 rental income up 4% yr/yr, driven by new properties
Adjusted EBITDA for H1 rose 4.8% as operational performance improved
Company booked CHF 9.4 mln gain from Vennes III property sale
Outlook
Company raises 2026 rental income growth guidance to about 1.5% from about 1%
Company says market volatility and global uncertainty persist due to geopolitical tensions and policy changes
Company notes prospective tenants are taking longer to finalise leasing decisions in current environment
Result Drivers
NEW PROPERTIES - Rental income increase mainly driven by completion and commercialisation of PULSE and Campus Leman - Building C
PROPERTY SALE - Realised revaluation gain of CHF 9.4 mln from Vennes III disposal supported profitability
VACANCY REDUCTION - Adjusted vacancy rate fell to 2.9% as leasing activity progressed, supporting rental income growth
Company press release: ID:nEQ3mmJWXa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Adjusted EBITDA |
| CHF 28.10 mln |
|
H1 EBITDA |
| CHF 51.40 mln |
|
Analyst Coverage
The one available analyst rating on the shares is "buy"
The average consensus recommendation for the real estate rental, development & operations peer group is "buy"
The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 22 three months ago
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)