Brief: PSP Swiss Property H1 Net Income At CHF 227.2 Mln

PSP Swiss Property AG

19/08/2022 06:03

Aug 19 (Reuters) - PSP SWISS PROPERTY AG  PSPN.S :
    * PSP SWISS PROPERTY WITH A SUCCESSFUL H1 2022.IMPROVED
EBITDA
GUIDANCE.
    * H1 EPS 4.95 CHF
    * THROUGH SELECTIVE TRANSACTIONS, WE FURTHER OPTIMISED OUR
PORTFOLIO, IN PARTICULAR IN ZURICH AND GENEVA ALREADY IN Q1 2022
AND THUS IMPROVED QUALITY OF EARNINGS
    * NO INVESTMENT PROPERTIES OR DEVELOPMENT PROJECTS WERE
ACQUIRED
OR SOLD IN Q2 2022
    * H1 NET INCOME REACHED CHF 227.2 MILLION (H1 2021: CHF
371.4
MILLION)
    * H1 EARNINGS PER SHARE AMOUNTED TO CHF 4.95 (H1 2021: CHF
8.10)
    * H1 NET INCOME EXCLUDING GAINS/LOSSES ON REAL ESTATE
INVESTMENTS
OF CHF 124.5 MILLION
    * H1 DIVIDEND DISTRIBUTION, AMOUNTED TO CHF 2.71 (H1 2021:
CHF
2.45)
    * OUTLOOK 2022: WE EXPECT DEMAND FOR MODERN OFFICE SPACE AND
ATTRACTIVE RETAIL SPACE AT PRIME LOCATIONS WILL PERSIST
    * FOR 2022 BUSINESS YEAR, WE NOW EXPECT AN EBITDA EXCLUDING
GAINS/LOSSES ON REAL ESTATE INVESTMENTS OF CHF 290 MILLION
(PREVIOUSLY: ABOVE CHF 285 MILLION; 2021: CHF 278.8 MILLION)
    * REGARDING VACANCIES, WE CONTINUE TO EXPECT A RATE OF BELOW
4% AT
YEAR-END 2022 (END OF JUNE 2022: 3.7%)

Source text for Eikon:  ID:nEQ8Dbdvja 
Further company coverage:  PSPN.S 

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