PSP Swiss Property AG

PSP Swiss Property AG

150.00
CHF
+2.00
(+1.35%)
9.83EPS
14.67P/E
6.61BMarket Cap
Nov 10Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
7.86
8
6.54
8.03
6.84
6.8
7.65
7.48
8.39
8.93
8.03
8.03
7.78
11.06
Basic EPS, GAAP
5.91
3.82
4.09
2.94
5.6
6.72
9.89
6.37
12.97
7.19
4.53
8.17
8.91
9.83
Free Cash Flow per Basic Share
4.23
4.93
4
4.48
3.76
4.51
5.26
4.57
6.49
6.9
6.03
4.63
4.95
8.46
Dividend per Share
3.2
3.25
3.25
3.3
3.35
3.4
3.5
3.6
3.65
3.75
3.8
3.85
3.9
- -
Book Value per Share
83.7
83.74
84.38
84.31
86.96
90.63
97.02
99.83
109.42
113.33
113.82
117.96
123.07
124.33
Tangible Book Value per Share
83.7
83.74
84.38
84.31
86.94
90.6
96.98
99.81
109.41
113.33
113.82
117.96
123.07
124.33
Basic Weighted Avg Shares
46
46
46
46
46
46
46
46
46
46
46
46
46
46
Sales/Revenue/Turnover
361
367
300
368
314
312
351
343
385
410
368
368
357
507
Operating Margin (%)
67.09
65.26
77.42
65.73
77.03
77.57
76.57
78.65
74.27
71
80.75
86.01
86.34
68.42
Depreciation Expense
1
- -
1
1
1
1
1
1
1
1
1
1
1
1
Net Income, GAAP
271
175
188
135
257
308
453
292
595
330
208
375
408
451
Effective Tax Rate (%)
20.05
18.21
20.54
18.05
14.58
20.29
8.19
18.43
19.54
18.37
- -
17.29
18.95
16.75
Profit Margin (%)
75.14
47.77
62.55
36.62
81.82
98.84
129.18
85.17
154.64
80.54
56.36
101.85
114.44
88.84
Working Capital
-164
36
-231
5
188
-483
-532
-331
-148
-489
-394
-362
-455
-718
LT Debt
1,589
1,929
1,719
2,248
2,491
1,891
2,046
2,627
2,838
2,653
3,016
3,035
2,820
2,701
Total Equity
3,839
3,841
3,870
3,867
3,989
4,157
4,450
4,579
5,019
5,198
5,221
5,411
5,645
5,703
Return on Invested Capital (%)
5.27
3.49
3.62
2.61
4.41
4.95
6.86
4.12
7.7
4.15
- -
4.6
4.9
5.72
Return on Capital (%)
5.3
3.51
3.63
2.62
4.41
4.95
6.87
4.13
7.72
4.16
- -
4.62
4.91
5.72
Return on Common Equity (%)
7.2
4.57
4.87
3.49
6.54
7.57
10.54
6.47
12.4
6.46
3.98
7.05
7.39
8.1

Capital Structure

CHF

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
550
730
685
LT Borrowings
2,813
2,799
2,695
LT Finance Leases
6
6
6
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
46
46
46
Market Capitalization
6,582
7,234
6,609

Working Capital

CHF

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
196
400
83
Cash, Cash Equivalents & STI
45
244
39
Accounts Receivable, Net
8
10
8
Inventories
132
136
28
Total Current Liabilities
650
822
801
Payables & Accruals
- -
- -
- -
ST Debt
550
730
685
Deferred Revenue
- -
- -
- -

Growth Rates

CHF

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
3.88%
4.32%
4.33%
Free Cash Flow
3.9%
3.91%
6.94%
Net Income, GAAP
20.55%
22.33%
8.94%
Sales/Revenue/Turnover
2.3%
1.1%
-3.04%
Total Cash Common Dividend
1.84%
1.62%
1.3%

Quarterly Revenue

CHF

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
93
98
86
91
368
2025
87
87
95
88
357
2026
88
236
- -
- -
- -

Quarterly Earnings Per Share

CHF

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.77
1.64
1.52
3.25
8.17
2025
1.32
2.92
1.42
3.25
8.91
2026
1.41
3.74
- -
- -
- -

Quarterly Dividends Per Share

CHF

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
3.85
2025
- -
- -
- -
- -
3.9
2026
- -
- -
- -
- -
- -

Company Description

CEO
Giacomo Balzarini
Full Time Employees
94
Sector
Finance
Industry
Real estate development
Address
Kolinplatz 2 Zug ZG Switzerland 6300
IPO Date
Mar 7, 2000
Website
psp.info
Business
PSP Swiss Property AG owns and manages a high-quality portfolio of approximately 160 office and commercial properties, as well as development sites and projects, valued at CHF 10.0 billion and situated in prime locations across Switzerland's major economic centers including Zurich, Geneva, Basel, Bern and Lausanne; the company generates rental income exceeding CHF 280 million annually from these assets primarily used for offices and retail spaces. It operates through three segments: Real Estate Investments encompassing investment properties, properties earmarked for sale, own-used properties, sites, development properties and projects for sale; Property Management handling all services related to the oversight of its real estate portfolio; and Holding providing corporate functions such as finance, legal, communications, human resources and information technology. Founded in 1999 by Zurich Insurance Group and listed on the SIX Swiss Exchange since its initial public offering in March 2000, PSP Swiss Property AG maintains its headquarters in Zug, Switzerland, with approximately 90 employees across offices in Zurich, Geneva, Olten and Zug; the company pursues a conservative financing policy featuring an equity ratio above 50% and low debt levels. Recent developments include the acquisition of a commercial property in Geneva's Quartier des Banques for CHF 58 million in June 2024 with leasable space of 4,150 square meters and development potential for repositioning as a hotel; ongoing portfolio optimization through sales of non-core assets and repositioning initiatives such as office-to-residential conversions; strong rental growth and letting successes reported in the Q4 2024 earnings call; and release of quarterly results as at 30 September 2025 on 11 November 2025 alongside half-year results as at 30 June 2025, reflecting continued focus on prime urban developments in locations like Basel and Zurich.

Company News

  • PSP Swiss Property AG (PSPSY) Q1 2026 Earnings Call Transcript

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