Real Estate PSP Swiss Property with higher net profit in the first half-year
PSP Swiss Property generated more profit in the first half of 2025. The real estate company attributes this to higher valuations, among other things. PSP is cautiously optimistic for the year as a whole and confirms its previous forecast for the year.
19.08.2025, 06:52
19.08.2025, 06:53
SDA
PSP's real estate income fell by 1.3 percent to CHF 173.9 million in the first half of the year, as outlined in a press release on Tuesday. Operating profit (EBITDA excluding gains/losses on real estate investments) amounted to CHF 148.8 million. This is a decrease of 2.3 percent compared to the same period last year.
Profit excluding gains/losses on real estate investments fell by 5.9 percent to 106.9 million francs. Revaluations amounted to 113.4 million francs - compared to 44.7 million francs in the previous year. The bottom line was therefore a significantly higher net profit of CHF 194.3 million, which corresponds to an increase of a good 24 percent compared to the previous year.
PSP thus exceeded analysts' expectations in terms of net profit.
Earnings forecast
PSP continues to target EBITDA excluding gains/losses on real estate investments of around CHF 300 million in the current financial year 2025. In the previous year, PSP achieved around CHF 305 million. As announced in February, PSP continues to expect a vacancy rate of 3.5 percent.
At the end of June, the average vacancy rate in PSP's CHF 10.0 billion real estate portfolio was 4.0 percent, down from 3.2 percent at the end of 2024.
