Swiss Prime Site AG

Swiss Prime Site AG Earnings Recaps

SPSN.SW Real Estate 1 recap
Next earnings: February 11, 2027 (estimated) · full calendar
Q2 2026 Aug 22, 2026

Swiss Prime Site’s shares rose 3.2% following a first half marked by solid rental income growth and strong asset management inflows, supporting an increase in EBITDA margins and a reaffirmed guidance at the upper end of prior estimates.

Key takeaways
  • Rental income grew 2.2%, or 1.4% like-for-like including inflation, despite CHF 167 million in retail asset disposals.
  • Asset management saw net new money inflows approaching CHF 1 billion, lifting assets under management to CHF 14.8 billion.
  • EBITDA margin expanded slightly to 65%, benefiting from cost discipline and efficiency gains, driving EBITDA up nearly 5% to CHF 209 million.
  • Net profit increased 6% to CHF 165.7 million, with FFO I per share rising 2.4% to a record CHF 2.15, and EPS up 5% to CHF 2.07.
  • The company confirmed full-year guidance, expecting FFO I at the upper range of CHF 4.25–4.30 per share, supported by positive rental trends and a disciplined acquisition environment amid yield compression.