Switzerland · Delayed Price · Currency is CHF Swiss Prime Site AG Earnings Call Transcripts
Fiscal Year 2026
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Strong H1 2026 results with rental income up 2.2%, net profit up 6%, and AUM reaching CHF 14.8 billion. Portfolio value exceeded CHF 14 billion, vacancy rates remain low, and guidance for FFO1 and AUM growth is confirmed at the upper end of the range.
Fiscal Year 2025
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Record organic growth in both property and asset management, with vacancy at a historic low and strong profitability gains. Guidance for 2026 is positive, with further FFO growth, lower vacancy, and continued disciplined capital allocation.
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FFO1 rose 3.4% in H1, driven by strong asset management and resilient rental growth, despite Jelmoli's closure and temporary income loss. Portfolio value reached CHF 13.3 billion, with vacancy rates set to fall below 3.8% and guidance confirmed at the upper end.
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The group has transformed into a focused real estate and asset management platform, optimizing its portfolio and targeting CHF 500 million+ rental income and CHF 16 billion+ in asset management AUM by 2028. Growth is driven by disciplined capital allocation, sustainable development, and strong recurring income, with a 10% FFO CAGR target and a stable dividend policy.
Fiscal Year 2024
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Record rental income and EBITDA growth, improved efficiency, and a lower vacancy rate drove strong results, enabling a dividend increase. Asset management expanded rapidly, supported by the Fundamenta acquisition, while capital recycling and sustainability initiatives advanced. Positive outlook continues for both real estate and asset management.
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Rental income grew 6% year-over-year to CHF 232 million, with record-low vacancies and strong asset management growth following the Fundamenta acquisition. Guidance for FFO I was raised, and LTV is set to fall below 40% by year-end, with continued focus on capital recycling and sustainability.