PSP Swiss Property AG (CH:PSPN)
:PSPN
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Earnings Data
Report Date
Aug 18, 2026TBA (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
―Last Year’s EPS
1.24Same Quarter Last Year
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveys a predominantly positive operational and financial picture: strong valuation gains, improved loan-to-value, healthy liquidity, robust leasing in core city locations, an increase in dividend, and an upgraded EBITDA guidance for 2026. Offsetting risks include flat rental income driven by disposals, reliance on valuation and one-off gains, cautious acquisition activity due to high prices, execution risk on some development projects, and structural office-market uncertainties (AI and bank consolidation). On balance the positives (recurring cash-flow strength, low vacancy, capital strength and clear guidance) outweigh the manageable risks.Company Guidance
Operating Income Growth
Operating income increased by 9.4% in FY2025, driven predominantly by net changes in fair value.
Strong Valuation Gains and Portfolio Appreciation
Valuation gains totaled CHF 231 million in 2025 (portfolio appreciation roughly 2.9% including investments), with CHF 118.5 million realized in Q4; yield compression of ~2 basis points contributed to revaluation.
High EBITDA Margin and Upward EBITDA Guidance
EBITDA margin finished slightly above 85% and management guided EBITDA of CHF 310 million for 2026 (increase vs prior year guidance).
Low Vacancy and Leasing Successes in Core Markets
Vacancy rate came in at 3.5% (as guided); notable relettings in Zurich and Geneva city-centre assets with some high-street retail leases achieving rents >25% above in-place rent and prime office leases often at or above market.
Improved Capital Structure and Liquidity
Loan-to-value declined to 33.1%; company holds roughly CHF 1.0 billion of committed unused credit lines and reports attractive funding spreads (~80–90 bps on ~4–5 year maturities).
Dividend Increase and Payout Discipline
Board proposed a dividend increase of CHF 0.05 to CHF 3.95, implying a payout ratio of 80%, maintaining a consistent distribution policy.
Project and Development Progress
Multiple development updates: Hotel des Postes nearing completion with retail leased and six office leases signed; Lowenbrau Red received building permission and an operator has been identified (target opening by end-2028); other projects in Bern, Geneva and Basel progressing.
Recurring Deferred Tax Benefit Visibility
A deferred tax release related to a prior system change supports recurring releases (management forecasts roughly CHF 5–10 million p.a. for ~17 years), contributing positively to future reported results.
CH:PSPN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
CH:PSPN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 12, 2026 | CHF149.40 | CHF148.40 | -0.67% |
Feb 24, 2026 | CHF154.43 | CHF159.79 | +3.47% |
Nov 11, 2025 | CHF137.16 | CHF135.41 | -1.28% |
Aug 19, 2025 | CHF134.14 | CHF129.65 | -3.35% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does PSP Swiss Property AG (CH:PSPN) report earnings?
PSP Swiss Property AG (CH:PSPN) is schdueled to report earning on Aug 18, 2026, TBA (Confirmed).
What is PSP Swiss Property AG (CH:PSPN) earnings time?
PSP Swiss Property AG (CH:PSPN) earnings time is at Aug 18, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is the P/E ratio of PSP Swiss Property AG stock?
The P/E ratio of PSP Swiss Property AG is N/A.
What is CH:PSPN EPS forecast?
Currently, no data Available