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- Nordics Property Breakfast
31 May 2012
Frankfurt am Main, Germany
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- Property Debt Breakfast
20 June 2012
London
PSP Swiss Property heads for record year after higher 9mths,
Zurich-based listed real estate group PSP Swiss Property boosted net income excluding portfolio value changes by 9.7% to CHF103.2m for the first nine months, also reporting an 11.3% rise in earnings per share to CHF2.47, and net asset value per share up 2.4% at CHF63.33. Its stock was last trading around around CHF60. The group said the figures confirm an August outlook for the full year, when if forecast a record performance of EBITDA excluding gains/losses on real estate investments of some CHF215m, compared to 2008's CHF208.4m. It expects the portfolio vacancy rate at year-end of 8% down from 9% at the half year. (See upcoming PFE/PIE issues for full story)