PSP Swiss Property AG (CH:PSPN)
:PSPN
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PSP Swiss Property AG
(PSPN)
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Rating:63Neutral
Price Target:
CHF176.00
▲(11.82% Upside)
Action:DowngradedDate:03/01/26
The score is driven primarily by solid-but-mixed financial performance (strong profitability and a manageable balance sheet offset by weak TTM revenue and uneven cash conversion). Technicals are supportive due to a clear uptrend, but overbought signals raise near-term risk. Valuation is neutral, with a moderate P/E and a modest dividend yield.
Positive Factors
High Reported Profitability
Sustained high gross and net margins indicate the business can generate resilient earnings from its asset base, supporting dividend capacity and reinvestment. Over months this margin strength helps absorb cyclical rental fluctuations and funds value-enhancing projects.
Negative Factors
Weak Revenue Momentum
A declining top line reduces visibility into sustainable growth and undermines the quality of reported earnings. Over a multi-month horizon persistent revenue softness can compress leasing power, slow NAV growth and limit reinvestment without asset sales.
Read all positive and negative factors
Positive Factors
Negative Factors
High Reported Profitability
Sustained high gross and net margins indicate the business can generate resilient earnings from its asset base, supporting dividend capacity and reinvestment. Over months this margin strength helps absorb cyclical rental fluctuations and funds value-enhancing projects.
Read all positive factors
PSP Swiss Property AG (PSPN) vs. iShares MSCI Switzerland ETF (EWL)
Market Cap
CHF7.25B
Dividend Yield2.74%
Average Volume (3M)71.17K
Price to Earnings (P/E)16.1
Beta (1Y)0.19
Revenue Growth-1.14%
EPS Growth46.84%
CountryCH
Employees77
SectorGeneral
Sector StrengthN/A
IndustryReal Estate - Diversified
Share Statistics
EPS (TTM)3.25
Shares Outstanding45,867,893
10 Day Avg. Volume66,789
30 Day Avg. Volume71,170
Financial Highlights & Ratios
PEG Ratio1.78
Price to Book (P/B)1.17
Price to Sales (P/S)17.52
P/FCF Ratio41.12
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
CHF153.75Price Target Upside-2.32% Downside
Rating ConsensusHold
Number of Analyst Covering4
EPS Forecast (FY)5.47
Revenue Forecast (FY)CHF358.13M
PSP Swiss Property AG Business Overview & Revenue Model
Company Description
PSP Swiss Property AG, together with its subsidiaries, owns and operates real estate properties in Switzerland. It operates through Real Estate Investments and Property Management segments. The company owns, operates, and leases office, retail, ga...
How the Company Makes Money
PSP Swiss Property AG generates revenue primarily through rental income from its diversified portfolio of properties, which includes office buildings, retail spaces, and residential units. The company benefits from long-term lease agreements with ...
PSP Swiss Property AG Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
67
Positive
Cash Flow
56
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 375.71M | 368.14M | 372.81M | 409.69M | 384.77M |
| Gross Profit | 337.42M | 343.29M | 326.97M | 316.69M | 312.94M |
| EBITDA | 540.61M | 488.97M | 138.30M | 292.19M | 287.17M |
| Net Income | 408.47M | 374.95M | 207.59M | 329.96M | 595.02M |
Balance Sheet | |||||
| Total Assets | 10.18B | 9.92B | 9.79B | 9.48B | 9.18B |
| Cash, Cash Equivalents and Short-Term Investments | 45.34M | 56.97M | 141.68M | 20.74M | 20.38M |
| Total Debt | 3.38B | 3.38B | 3.47B | 1.95B | 1.94B |
| Total Liabilities | 4.53B | 4.51B | 4.57B | 4.29B | 4.16B |
| Stockholders Equity | 5.64B | 5.41B | 5.22B | 5.20B | 5.02B |
Cash Flow | |||||
| Free Cash Flow | 160.09M | 121.39M | 276.71M | 166.46M | 139.33M |
| Operating Cash Flow | 227.22M | 212.96M | 276.90M | 316.44M | 297.50M |
| Investing Cash Flow | -43.58M | -38.14M | -353.61M | -222.14M | -105.04M |
| Financing Cash Flow | -195.26M | -259.53M | 197.65M | -93.94M | -204.41M |
PSP Swiss Property AG Technical Analysis
Positive
157.40
Price Trends
155.64
Positive
147.32
Positive
141.00
Positive
Market Momentum
0.35
Negative
56.64
Neutral
46.03
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CH:PSPN, the sentiment is Positive. The current price of 157.4 is above the 20-day moving average (MA) of 155.20, above the 50-day MA of 155.64, and above the 200-day MA of 141.00, indicating a bullish trend. The MACD of 0.35 indicates Negative momentum. The RSI at 56.64 is Neutral, neither overbought nor oversold. The STOCH value of 46.03 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CH:PSPN.
PSP Swiss Property AG Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | CHF442.43M | 6.99 | ― | 3.52% | 45.30% | 823.48% | |
72 Outperform | CHF923.22M | 6.07 | 7.56% | 2.16% | 27.85% | 89.97% | |
71 Outperform | CHF3.73B | 8.22 | 9.87% | 3.45% | 6.79% | 196.21% | |
68 Neutral | CHF10.98B | 25.70 | 5.24% | 2.83% | -6.88% | 90.76% | |
63 Neutral | CHF7.25B | 16.11 | ― | 2.74% | -1.14% | 46.84% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
CH:PSPN
PSP Swiss Property AG
158.10
22.31
16.43%
CH:ALLN
Allreal Holding AG
227.00
52.04
29.75%
CH:PLAN
PLAZZA AG
446.00
98.82
28.46%
CH:SPSN
Swiss Prime Site AG
136.90
29.47
27.43%
CH:NREN
Novavest Real Estate AG
43.50
7.55
21.00%
CH:FREN
Fundamenta Real Estate AG
17.95
1.41
8.53%
PSP Swiss Property AG Corporate Events
PSP Swiss Property Delivers Solid 2025 Results and Raises Dividend on Strong Portfolio Revaluation
Feb 24, 2026
PSP Swiss Property AG reported another solid financial year in 2025, with its real estate portfolio rising to CHF 10.1 billion and a continued focus on centrally located, high-quality properties. The company operates in a stable but segmented Swis...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.