Zug Estates H1 profit falls 33% on smaller revaluation gain
Zug Estates H1 profit falls 33% on smaller revaluation gain
Overview
Switzerland real estate developer's H1 net income fell 33% due to lower revaluation gain
Net income excluding revaluation and special effects rose 6.6% year-on-year
Property income remained stable and vacancy rate stayed low at 1.2%
Outlook
Company expects 2026 property income from the real estate segment to be slightly lower than previous year
Company anticipates stable hotel & catering revenues but slightly lower profitability in 2026
Zug Estates expects 2026 net income excluding revaluation and special effects to be slightly higher
Result Drivers
REVALUATION GAIN - Lower revaluation gain reduced net income compared to prior year
PROPERTY INCOME STABILITY - Property income remained stable as index-linked adjustments and compensation offset effects from reference interest rate cuts
HOTEL & CATERING GROWTH - Higher occupancy and strong catering demand lifted hotel & catering revenues and profitability
Company press release: ID:nEQZKQVja
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Net Income |
| CHF 42.90 mln |
|
Analyst Coverage
The one available analyst rating on the shares is "hold"
The average consensus recommendation for the real estate rental, development & operations peer group is "buy."
The stock recently traded at 28 times the next 12-month earnings vs. a P/E of 31 three months ago
Reuters Recommended Reads
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(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.)