Brief: PSP Swiss Property H1 Net Profit At CHF 156.3 Mln

PSP Swiss Property AG

20/08/2024 05:36

Aug 20 (Reuters) - PSP SWISS PROPERTY AG  PSPN.S :
    * ACHIEVED VERY GOOD OPERATING RESULTS AND CONFIRMS THE
GUIDANCE
OF AN EBITDA OF CHF 300 MILLION AND A VACANCY RATE BELOW 4% FOR
THE 2024 BUSINESS YEAR.
    * AT END OF H1 2024, VALUE OF REAL ESTATE PORTFOLIO WAS CHF
9.7
BILLION
    * AT END OF H1 2024, VACANCY RATE WAS 4.0%
    * H1 EARNINGS PER SHARE EXCLUDING GAINS/LOSSES ON REAL
ESTATE
INVESTMENTS, WHICH FORM BASIS FOR DIVIDEND DISTRIBUTION,
AMOUNTED TO CHF 2.48
    * H1 NET PROFIT REACHED CHF 156.3 MILLION (H1 2023: CHF 76.9
MILLION)
    * EBITDA EXCLUDING GAINS/LOSSES ON REAL ESTATE INVESTMENTS
IS
STILL EXPECTED TO BE CHF 300 MILLION FOR 2024 FINANCIAL YEAR
    * VACANCY RATE IS STILL EXPECTED TO BE BELOW 4% AT END OF
2024
(END OF JUNE 2024: 4.0%)
    * CONFIRMS GUIDANCE OF AN EBITDA OF CHF 300 MILLION
    * TOTAL EQUITY OF CHF 5.199 BILLION AT END OF JUNE 2024 -
CORRESPONDING TO AN EQUITY RATIO OF 53.4%
    * H1 RENTAL INCOME INCREASED BY CHF 12.9 MILLION OR 7.9% TO
CHF
176.2 MILLION IN REPORTING PERIOD (H1 2023: CHF 163.3 MILLION)

Source text for Eikon:  ID:nEQ3h4DdTa 
Further company coverage:  PSPN.S 

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