Brief: PSP Swiss Property 9M Net Income Down At CHF 179.9 Mln

PSP Swiss Property AG

10/11/2020 06:11

Nov 10 (Reuters) - PSP SWISS PROPERTY AG  PSPN.S :
    * EBITDA AND VACANCY RATE GUIDANCE IS CONFIRMED.
    * 9M RENTAL INCOME INCREASED BY CHF 4.2 MILLION TO CHF 221.2
MILLION (Q1-Q3 2019: CHF 217.0 MILLION)
    * 9M EARNINGS PER SHARE EXCLUDING GAINS/LOSSES ON REAL
ESTATE
INVESTMENTS, WHICH IS BASIS FOR DIVIDEND DISTRIBUTION, AMOUNTED
TO CHF 3.48 DURING REPORTING PERIOD (Q1-Q3 2019: CHF 3.65)
    * 9M NET INCOME REACHED CHF 179.9 MILLION (Q1-Q3 2019: CHF
311.5
MILLION)
    * 9M NET INCOME EXCLUDING GAINS/LOSSES ON REAL ESTATE
INVESTMENTS
AMOUNTED TO CHF 159.7 MILLION, THIS CORRESPONDS TO A DECREASE OF
CHF 7.7 MILLION OR 4.6% COMPARED TO PREVIOUS YEAR'S PERIOD
(Q1-Q3 2019: CHF 167.4 MILLION)
    * AT END OF SEPTEMBER 2020, VACANCY RATE STOOD AT 3.3% (END
OF
2019: 3.5%)
    * FOR BUSINESS YEAR 2020, AN EBITDA EXCLUDING GAINS/LOSSES
ON REAL
ESTATE INVESTMENTS OF AROUND CHF 270 MILLION IS CONFIRMED (2019:
CHF 256.1 MILLION)
    * WITH REGARD TO VACANCIES, A RATE OF AROUND 3% AT YEAR-END
2020
IS CONFIRMED (END OF SEPTEMBER 2020: 3.3%)

Source text for Eikon:  ID:nTENmk8cea 
Further company coverage:  PSPN.S 

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