Switzerland · Delayed Price · Currency is CHF Peach Property Group AG Earnings Call Transcripts
Fiscal Year 2025
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Phase one of recovery completed with stabilized governance, significant deleveraging, and improved operational metrics. Strategic focus is on asset sales, margin expansion, and further debt reduction, with ambitious mid-term targets for growth and profitability.
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Achieved strong rent growth and reduced vacancy, completed major refinancing, and raised equity to strengthen the balance sheet. FFO guidance was lowered due to higher financing costs, but operational improvements and asset sales are progressing as planned.
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Significant progress made on refinancing, with a new EUR 120 million facility and an equity raise of up to 10 million shares to repay maturing debt and the convertible bond. Operational improvements and non-strategic asset sales are underway, supporting stable guidance and a lower LTV.
Fiscal Year 2024
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FY 2024 saw a major portfolio transformation, significant debt reduction, and a €120 million capital increase. EBITDA declined due to one-offs, but rental income grew and vacancy fell. 2025 guidance targets >4% rental growth, €18–20 million FFO, and further LTV reduction.
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Equity was raised and a new board appointed to strengthen governance and liquidity. Rental income grew 4.25% year-over-year, but vacancy increased to 7.8%. A major equity raise and asset sales are planned to reduce leverage and fund CapEx, with FFO guidance maintained at €17–19 million.