PSP Swiss Property Net Income Rises on Lower Costs

Dow Jones08-19

By Anthony O. Goriainoff

PSP Swiss Property said net income rose for the second quarter after booking lower costs.

The Swiss real-estate company said Tuesday that the country's rental market had remained stable during the reporting period. Still, although central top locations had solid demand in places, peripheral locations, older office spaces and those in the nonfood retail segment continued to be affected by structural challenges, it said.

In the second quarter, net income rose to 133.8 million Swiss francs ($165.7 million) from 75.3 million francs last year.

Adjusted earnings before interest, taxes, depreciation and amortization--which strips out exceptional and other one-off items--fell to 74.1 million francs from 75.6 million francs.

Rental income--its preferred metric--remained flat at 87 million francs.

The board said it expected the attractiveness of the Swiss rental market to remain largely intact.

The company reiterated guidance of adjusted Ebitda of around 300 million francs for the year. PSP reported adjusted Ebitda of 304.9 million francs for 2024.

"For the current year, we anticipate positive developments in the Swiss real-estate market," it said.

Shares in early trade were down 1.5% at 135.40 francs.

Write to Anthony O. Goriainoff at anthony.orunagoriainoff@dowjones.com

(END) Dow Jones Newswires

August 19, 2025 03:28 ET (07:28 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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Still, although central top locations had solid demand in places, peripheral locations, older office spaces and those in the nonfood retail segment continued to be affected by structural challenges, it said. \n</p>\n<p>\n  In the second quarter, net income rose to 133.8 million Swiss francs ($165.7 million) from 75.3 million francs last year. \n</p>\n<p>\n  Adjusted earnings before interest, taxes, depreciation and amortization--which strips out exceptional and other one-off items--fell to 74.1 million francs from 75.6 million francs. \n</p>\n<p>\n  Rental income--its preferred metric--remained flat at 87 million francs. \n</p>\n<p>\n  The board said it expected the attractiveness of the Swiss rental market to remain largely intact. \n</p>\n<p>\n  The company reiterated guidance of adjusted Ebitda of around 300 million francs for the year. PSP reported adjusted Ebitda of 304.9 million francs for 2024. \n</p>\n<p>\n  \"For the current year, we anticipate positive developments in the Swiss real-estate market,\" it said. \n</p>\n<p>\n  Shares in early trade were down 1.5% at 135.40 francs. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Anthony O. 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Still, although central top locations had solid demand in places, peripheral locations, older office spaces and those in the nonfood retail segment continued to be affected by structural challenges, it said. \n</p>\n<p>\n  In the second quarter, net income rose to 133.8 million Swiss francs ($165.7 million) from 75.3 million francs last year. \n</p>\n<p>\n  Adjusted earnings before interest, taxes, depreciation and amortization--which strips out exceptional and other one-off items--fell to 74.1 million francs from 75.6 million francs. \n</p>\n<p>\n  Rental income--its preferred metric--remained flat at 87 million francs. \n</p>\n<p>\n  The board said it expected the attractiveness of the Swiss rental market to remain largely intact. \n</p>\n<p>\n  The company reiterated guidance of adjusted Ebitda of around 300 million francs for the year. 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Goriainoff at anthony.orunagoriainoff@dowjones.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  August 19, 2025 03:28 ET (07:28 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PSP","symbol_name":"全球私募股权ETFETF-PowerShares","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2560799163","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2560799163","pubTimestamp":1755588480,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"PSP Swiss Property said net income rose for the second quarter after booking lower costs.The Swiss real-estate company said Tuesday that the country's rental market had remained stable during the reporting period. Still, although central top locations had solid demand in places, peripheral locations, older office spaces and those in the nonfood retail segment continued to be affected by structural challenges, it said.In the second quarter, net income rose to 133.8 million Swiss francs  from 75.3 million francs last year.Adjusted earnings before interest, taxes, depreciation and amortization--which strips out exceptional and other one-off items--fell to 74.1 million francs from 75.6 million francs.Rental income--its preferred metric--remained flat at 87 million francs.The board said it expected the attractiveness of the Swiss rental market to remain largely intact.The company reiterated guidance of adjusted Ebitda of around 300 million francs for the year. PSP reported adjusted Ebitda o","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"PSP":"全球私募股权ETFETF-PowerShares","CFA.SI":"NikkoAM-STC Asia REIT"},"translate_title":"PSP Swiss Property净利润因成本降低而增长","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PSP":1,"CFA.SI":1},"content_text":"By Anthony O. Goriainoff \n\n\n \n\n\nPSP Swiss Property said net income rose for the second quarter after booking lower costs. \n\n\n  The Swiss real-estate company said Tuesday that the country's rental market had remained stable during the reporting period. Still, although central top locations had solid demand in places, peripheral locations, older office spaces and those in the nonfood retail segment continued to be affected by structural challenges, it said. \n\n\n  In the second quarter, net income rose to 133.8 million Swiss francs ($165.7 million) from 75.3 million francs last year. \n\n\n  Adjusted earnings before interest, taxes, depreciation and amortization--which strips out exceptional and other one-off items--fell to 74.1 million francs from 75.6 million francs. \n\n\n  Rental income--its preferred metric--remained flat at 87 million francs. \n\n\n  The board said it expected the attractiveness of the Swiss rental market to remain largely intact. \n\n\n  The company reiterated guidance of adjusted Ebitda of around 300 million francs for the year. PSP reported adjusted Ebitda of 304.9 million francs for 2024. \n\n\n  \"For the current year, we anticipate positive developments in the Swiss real-estate market,\" it said. \n\n\n  Shares in early trade were down 1.5% at 135.40 francs. \n\n\n \n\n\n  Write to Anthony O. Goriainoff at anthony.orunagoriainoff@dowjones.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  August 19, 2025 03:28 ET (07:28 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.12","shortVersion":"4.35.12","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2560799163","isCrawlerRequest":true}