Swiss Prime Site AG ( (SWPRF) ) has released its Q4 earnings. Here is a breakdown of the information Swiss Prime Site AG presented to its investors.
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Swiss Prime Site AG is a leading real estate company in Europe, known for its high-quality portfolio in Switzerland and offering a range of investments and products in commercial and residential real estate. In 2024, the company reported a robust financial performance with record rental income of CHF 464 million, a strategic acquisition of Fundamenta, and a focus on core competencies in real estate development and asset management. Key financial highlights include a significant increase in operating results with EBITDA rising to CHF 539.6 million and profit reaching CHF 360.3 million, driven by rental income growth and asset management activities. The company also maintained a conservative financing strategy and achieved a lower loan-to-value ratio of 38.3%. Looking forward, Swiss Prime Site anticipates continued growth in the real estate market, leveraging its strategic positioning to capitalize on increased investor interest and economic progress in Switzerland.