Switzerland's Intershop Holding H1 net income rises on gains from disposals
Switzerland's Intershop Holding H1 net income rises on gains from disposals
Overview
Switzerland real estate firm's H1 net income excl. fair value changes up 18% yr/yr
Rental income fell 3.1% due to property transactions, but operating income rose 1.7%
Net income including fair value changes fell sharply from prior year due to lower revaluation gains
Outlook
Intershop expects stable net rental income for the full yr 2026
Company anticipates net gains from property disposals of at least CHF 30.0 mln before tax
Intershop sees net income excluding changes in fair value higher than previous yr
Result Drivers
OPERATING INCOME AND EXPENSES - Higher operating income and lower operating expenses drove net income excluding fair value changes
PROPERTY TRANSACTIONS - Decline in rental income attributed to property transactions completed in 2025 and H1 2026
GAINS FROM DISPOSALS - Net gains from property disposals nearly doubled, supporting operating income growth
Company press release: ID:nEQ6FTt11a
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Net income |
| CHF 33.8 mln |
|
H1 ROE |
| 12.30% |
|
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the real estate rental, development & operations peer group is "buy."
Wall Street's median 12-month price target for Intershop Holding AG is CHF180.00, about 11.7% above its August 25 closing price of CHF161.20
The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 20 three months ago
Reuters Recommended Reads
Aug 25 - Switzerland's EPIC Suisse H1 rental income rises on new property completions
Aug 25 - Germany's MPC Capital raises 2026 revenue, profit outlook
Aug 25 - Lithuania's INVL Baltic Real Estate H1 revenue rises, aided by high occupancy
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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.)