Brief: Swiss Prime Site FY Group EBIT Before Revaluations And Special Effects Up To CHF 430.7 Mln

Swiss Prime Site AG

09/02/2023 06:06

Feb 9 (Reuters) - SWISS PRIMESITE AG  SPSN.S :
    * SWISS PRIME SITE: GOOD OPERATING RESULTS 2022
    * RENTAL INCOME UP BY +1.9% (L4L) AND VACANCY RATE DOWN TO
4.3%
    * ORGANIC GROWTH IN ASSET MANAGEMENT BY CHF 1.8 BILLION TO
CHF 7.7
BILLION (AUM)
    * FFO I UP BY +6.2% TO CHF 4.26 PER SHARE AND DISTRIBUTION
INCREASED TO CHF 3.40
    * STABLE OUTLOOK
    * OVERALL, FFO GROWTH OF 6.2% PER SHARE UNDERLINES THESE
GOOD
RESULTS
    * SWISS PRIME SITE ENJOYED A SUCCESSFUL 2022 FINANCIAL YEAR
AND
ONCE AGAIN ACHIEVED A GOOD OPERATING PERFORMANCE. FOLLOWING
INTEGRATION OF AKARA GROUP INTO SWISS PRIME SITE SOLUTIONS,
SERVICES SEGMENT GREW DISPROPORTIONATELY TO A TOTAL OF CHF 7.7
BILLION (AUM)
    * POSITIVE COURSE OF BUSINESS OF SWISS PRIME SITE GROUP IS
CLEARLY
DEMONSTRATED BY PLEASING GROWTH IN OPERATING INCOME, WHICH ROSE
BY 3.3% TO CHF 774.4 MILLION
    * GROUP EBIT BEFORE REVALUATIONS AND SPECIAL EFFECTS
INCREASED BY
6.4% AND REACHED CHF 430.7 MILLION [CHF 404.8 MILLION]
    * EXCLUDING ADJUSTMENTS, EBIT CAME TO CHF 389.6 MILLION

Source text for Eikon:  ID:nEQ8YMrM1a 
Further company coverage:  SPSN.S 
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