Switzerland's PSP Swiss Property Q1 profit rises

PSP Swiss Property AG

12/05/2026 05:39

Overview

Switzerland real estate firm's Q1 rental income rose 0.7% yr/yr amid stable demand

Q1 net income up 7% to CHF 64.8 mln, driven by lower tax expenses

Q1 EPS rose to CHF 1.41 from CHF 1.32 a year earlier

Outlook

PSP Swiss Property expects 2026 EBITDA excl. gains/losses on real estate investments at CHF 310 mln

Company continues to expect a 3.5% vacancy rate at end-2026

PSP Swiss Property sees stable demand for high-quality central spaces and strong investor interest in 2026

Result Drivers

LOWER TAX EXPENSES - Net income rose mainly due to lower tax expenses, as the prior-year period included a one-off tax increase in Geneva

STEADY RENTAL INCOME - Rental income increased 0.7% yr/yr, reflecting stable demand for high-quality, centrally located properties

Company press release: ID:nEQ85bd6qa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
CHF 1.41
Q1 EBITDA Margin
84.60%
Q1 ROE
4.60%


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 5 "hold" and 2 "sell" or "strong sell"

The average consensus recommendation for the real estate rental, development & operations peer group is "buy."

Wall Street's median 12-month price target for PSP Swiss Property AG is CHF165.00, about 10.4% above its May 11 closing price of CHF149.40

The stock recently traded at 29 times the next 12-month earnings vs. a P/E of 30 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)