PSP Swiss Property H1 Net Profit At CHF 156.3 Mln
Aug 20 (Reuters) -PSP SWISS PROPERTY AG PSPN.S:
ACHIEVED VERY GOOD OPERATING RESULTS AND CONFIRMS THE GUIDANCE OF AN EBITDA OF CHF 300 MILLION AND A VACANCY RATE BELOW 4% FOR THE 2024 BUSINESS YEAR.
AT END OF H1 2024, VALUE OF REAL ESTATE PORTFOLIO WAS CHF 9.7 BILLION
AT END OF H1 2024, VACANCY RATE WAS 4.0%
H1 EARNINGS PER SHARE EXCLUDING GAINS/LOSSES ON REAL ESTATE INVESTMENTS, WHICH FORM BASIS FOR DIVIDEND DISTRIBUTION, AMOUNTED TO CHF 2.48
H1 NET PROFIT REACHED CHF 156.3 MILLION (H1 2023: CHF 76.9 MILLION)
EBITDA EXCLUDING GAINS/LOSSES ON REAL ESTATE INVESTMENTS IS STILL EXPECTED TO BE CHF 300 MILLION FOR 2024 FINANCIAL YEAR
VACANCY RATE IS STILL EXPECTED TO BE BELOW 4% AT END OF 2024 (END OF JUNE 2024: 4.0%)
CONFIRMS GUIDANCE OF AN EBITDA OF CHF 300 MILLION
TOTAL EQUITY OF CHF 5.199 BILLION AT END OF JUNE 2024 - CORRESPONDING TO AN EQUITY RATIO OF 53.4%
H1 RENTAL INCOME INCREASED BY CHF 12.9 MILLION OR 7.9% TO CHF 176.2 MILLION IN REPORTING PERIOD (H1 2023: CHF 163.3 MILLION)
Source text for Eikon: ID:nEQ3h4DdTa
Further company coverage: PSPN.S
(Gdansk Newsroom)
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