Brief: PSP Swiss Property H1 Net Income Down At CHF 121.8 Mln

PSP Swiss Property AG

18/08/2020 06:11

Aug 18 (Reuters) - PSP SWISS PROPERTY AG  PSPN.S :
    * EBITDA FORECAST IS CONFIRMED, IMPROVED VACANCY RATE
GUIDANCE FOR
YEAR-END 2020
    * H1 RENTAL INCOME INCREASED BY CHF 1.7 MILLION TO CHF 146.7
MILLION (H1 2019: CHF 145.0 MILLION)
    * H1 NET INCOME EXCLUDING GAINS/LOSSES ON REAL ESTATE
INVESTMENTS
AMOUNTED TO CHF 98.3 MILLION, A DECREASE OF CHF 17.1 MILLION OR
14.8% COMPARED TO PREVIOUS YEAR'S PERIOD (H1 2019: CHF 115.3
MILLION)
    * A RETURN TO GROWTH RATES IS EXPECTED IN Q3 OR Q4 2020
    * FOR BUSINESS YEAR 2020, AN EBITDA EXCLUDING GAINS/LOSSES
ON REAL
ESTATE INVESTMENTS OF AROUND CHF 260 MILLION IS CONFIRMED (2019:
CHF 256.1 MILLION)
    * H1 NET INCOME REACHED CHF 121.8 MILLION (H1 2019: CHF
258.8
MILLION)
    * WITH REGARD TO VACANCIES, A LOWER RATE OF AROUND 3% AT
YEAR-END
2020 IS NOW EXPECTED (PREVIOUSLY: AROUND 3.5%; END OF JUNE 2020:
3.4%)

Source text for Eikon:  ID:nTENni1ksa 
Further company coverage:  PSPN.S 

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