Brief: Swiss Prime H1 Profit Up 6.3% At CHF 267.4 Mln

Swiss Prime Site AG

25/08/2022 06:06

Aug 25 (Reuters) - SWISS PRIME SITE AG  SPSN.S :
    * SWISS PRIME SITE: PROFIT UP BY OVER 6%
    * H1 PROFIT INCREASES BY +6.3% TO CHF 267.4 MILLION
    * FFO UP BY 7.2% AND EPRA NTA INCREASES TO CHF 100.78 PER
SHARE
    * H1 RENTAL INCOME UP BY 1.9% (L4L) AND VACANCY RATE DOWN TO
4.4%
    * REDUCTION IN LTV OF PROPERTY PORTFOLIO TO 40.5%
    * GUIDANCE INCREASED FOR FINANCIAL YEAR 2022
    * SWISS PRIME SITE INCREASED PROFITS BY 6.3% IN FIRST HALF
OF 2022
    * WITH FFO GROWTH PER SHARE OF 7.2%, REAL ESTATE ASSETS
UNDER
MANAGEMENT TOTALLING CHF 20 BILLION AND A VACANCY RATE OF 4.4%
    * EBIT FIGURE REACHED CHF 198.8 MILLION [CHF 214.2 MILLION]
    * CORRESPONDING EBIT MARGIN WAS 52.5%  57.9% 
    * WE ARE NOW CONFIDENT OF ACHIEVING AN EBIT IN THIS BUSINESS
AREA
OF APPROXIMATELY CHF 30 MILLION (PREVIOUS TARGET CHF 27-28
MILLION) FOR 2022 AS A WHOLE

Source text for Eikon:  ID:nEQ7jnpXfa 
Further company coverage:  SPSN.S 

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