Switzerland · Delayed Price · Currency is CHF Swiss Prime Site AG Earnings Call Transcripts
Fiscal Year 2025
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Record organic growth, reduced vacancy, and strong asset management inflows drove higher profitability and efficiency. Guidance for 2026 is positive, with further FFO and AUM growth expected, supported by disciplined capital allocation and robust market demand.
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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, targeting CHF 500 million+ rental income and CHF 16 billion+ in asset management AUM by 2028. Portfolio optimization, disciplined capital allocation, and strong market fundamentals support a 10% annual FFO growth target and robust dividend policy.
Fiscal Year 2024
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Record rental income, strong asset management growth, and a higher dividend reflect a successful transformation into a focused real estate and asset management company. Portfolio streamlining, efficiency gains, and a robust outlook support continued growth.
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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.