PSP Swiss Property reported a 22% increase in net income for the first half of the year, reaching CHF 5.16 per share. The company attributed the growth to the sale of its Richtipark development project and property revaluations across its portfolio. Rental income remained flat, with a 0.7% like-for-like increase, but property revaluations in Zurich contributed to the net income growth. Return on equity reached 8.3% for the period. PSP Swiss Property maintained its full-year EBITDA guidance of CHF 335 million, unchanged from its previous forecast. The company continues to expect a vacancy rate of 3.5% by the end of 2026. Moody’s upgraded the company’s credit rating to A2 during the period.
Markets
Markets