on PSP Swiss Property AG (isin : CH0018294154)
PSP Swiss Property Reports Strong Performance and Raises Dividend
PSP Swiss Property made a significant impact with its robust annual results for 2024. The company increased its dividend to CHF 3.90 per share. The real estate portfolio value rose to CHF 9.8 billion, with a reduced vacancy rate of 3.2%. Property sales exceeded valuations by 14.3%, indicating strategic asset management.
The firm's rental income saw a growth of 5.4%, reaching CHF 350 million. This growth is attributed to successful lettings and strategic portfolio enhancements. Despite a decline in operating results due to last year's deferred tax releases, net profit surged by 80.6% to CHF 374.9 million.
The equity ratio improved to 54.5%, with interest-bearing debt reduced to 34.1% of total assets. In 2025, a modest economic growth outlook is coupled with strong demand for high-quality properties, mainly in Zurich.
R. P.
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