Brief: PSP Swiss Property 9M Net Income At CHF 155.3 Million

PSP Swiss Property AG

07/11/2023 05:36

Nov 7 (Reuters) - PSP SWISS PROPERTY AG  PSPN.S :
    * IN A CHALLENGING MARKET ENVIRONMENT, PSP SWISS PROPERTY
ACHIEVED
A SOLID OPERATING RESULT.
    * AS PER YEAR-END 2023, WE FORECAST A VACANCY RATE OF BELOW
4%
    * AT END OF SEPTEMBER 2023, VALUE OF PORTFOLIO WAS CHF 9.7
BILLION
(END OF 2022: CHF 9.4 BILLION), VACANCY RATE WAS 3.2% (END OF
2022: 3.0%)
    * IN REPORTING PERIOD, WE PURCHASED MODERN OFFICE BUILDING
AT
PFINGSTWEIDSTRASSE 60/60B IN ZURICH FOR CHF 216.5 MILLION
    * NET INCOME REACHED CHF 155.3 MILLION (Q1-Q3 2022: CHF
284.0
MILLION)
    * DECREASE IN NET INCOME BY CHF 128.6 MILLION OR 45.3% WAS
MAINLY
DUE TO PORTFOLIO DEVALUATION BY CHF 67.2 MILLION (Q1-Q3 2022:
APPRECIATION OF CHF 131.9 MILLION)
    * EARNINGS PER SHARE AMOUNTED TO CHF 3.39 (Q1-Q3 2022: CHF
6.19)

Source text for Eikon:  ID:nEQ7w8Rhda 
Further company coverage:  PSPN.S 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 6600;))