Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
PSP Swiss Property AG is a leading Switzerland-based real estate investment company specializing in the ownership and management of high-quality office and commercial properties. Incorporated in 1999 and headquartered in Zug, it operates primarily through its Real Estate Investments segment, which encompasses investment properties, development sites, own-used assets, and projects earmarked for sale, generating revenue mainly from rental income and fair value adjustments. The Property Management segment handles services for its portfolio, while the Holding segment oversees corporate functions like finance and human resources. With approximately 170 properties concentrated in key urban centers such as Zurich, Geneva, Basel, Bern, and Lausanne, PSP Swiss Property AG maintains a focused portfolio exclusively in Switzerland. Employing around 93 staff, it plays a significant role in the Swiss real estate market as one of the largest listed players, offering stable income streams from premium office and retail spaces amid evolving commercial dynamics.
86.34% operating margin is above average. ROIC at 2.81%. Note that capital returns lag the margin, the business may be capital-intensive despite high margins.
Revenue declined 3.0% YoY. The question is whether this is cyclical or a structural shift.
Net debt of CHF 3.32B represents 20.8x FCF, leverage limits flexibility.
Profitability & Returns
Revenue (TTM)
CHF 358M
▼ -3.0% YoY
Net Income (TTM)
CHF 413M
▲ +8.9% YoY
Op. Margin
86.12%
▲ +0.3pp YoY
ROIC
2.81%
▼ -0.2pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
CHF 168M
▲ +31.9% YoY
Op. Cash Flow (TTM)
CHF 434M
▲ +10.1% YoY
Net Debt
CHF 3.32B
Cash & Equiv.
CHF 45M
3Y CAGR: -4.5%
3Y CAGR: -1.3%
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