PSP Swiss Property AG/Fr. PSPN
1D1W1M3M6MYTD1Y5YMAX
Capital at risk
About PSP Swiss Property AG
PSP Swiss Property AG operates in the real estate industry, focusing on the acquisition, development, and management of commercial properties in Switzerland. The company manages a substantial portfolio that includes office and retail spaces, primarily concentrated in key Swiss cities such as Zurich, Geneva, and Basel. Founded in 1999, PSP Swiss Property AG has established itself with a strategy centered around high-value properties in prime locations, prioritizing sustainable development and value enhancement of its holdings. Headquartered in Zug, Switzerland, the company's strategic strength lies in its deep market knowledge and its focus on maintaining a high-quality property portfolio that optimizes long-term rental income.
- Ticker
- Fr. PSPN
- Sector
- Real Estate
- Primary listing
- XSWX
- Employees
- 83
- Headquarters
- Zug, Switzerland
- Website
- www.psp.info
PSPN Metrics
BasicAdvanced
CHF 6.7B
14.80
CHF 9.82
0.48
CHF 3.95
2.72%
Price and volume
Market cap
CHF 6.7B
Beta
0.48
52-week high
CHF 168.40
52-week low
CHF 135.10
Average daily volume
63K
Dividend rate
CHF 3.95
Financial strength
Current ratio
0.103
Quick ratio
0.068
Long term debt to equity
0.474
Total debt to equity
0.594
Dividend payout ratio (TTM)
40.20%
Interest coverage (TTM)
9.50%
Profitability
EBITDA (TTM)
340.132
Gross margin (TTM)
73.91%
Net profit margin (TTM)
90.11%
Operating margin (TTM)
67.80%
Effective tax rate (TTM)
16.75%
Revenue per employee (TTM)
CHF 6,030,000
Management effectiveness
Return on assets (TTM)
2.08%
Return on equity (TTM)
8.10%
Valuation
Price to earnings (TTM)
14.804
Price to revenue (TTM)
13.309
Price to book
1.17
Price to tangible book (TTM)
1.17
Price to free cash flow (TTM)
17.2
Free cash flow yield (TTM)
5.81%
Free cash flow per share (TTM)
8.453
Dividend yield (TTM)
2.72%
Forward dividend yield
2.72%
Growth
Revenue change (TTM)
43.08%
Earnings per share change (TTM)
9.13%
3-year revenue growth (CAGR)
11.06%
10-year revenue growth (CAGR)
3.54%
3-year earnings per share growth (CAGR)
35.86%
10-year earnings per share growth (CAGR)
10.61%
3-year dividend per share growth (CAGR)
1.30%
10-year dividend per share growth (CAGR)
1.81%
Bulls say / Bears say
The Richtipark sale lifted 2026 EBITDA guidance to CHF 335 million from CHF 310 million. The deal contributes about CHF 40 million to EBITDA, giving the company a clear near-term earnings boost. (PSP Swiss Property)
Prime-location assets are benefiting from firm investor demand: H1 property revaluations added CHF 111.9 million, with gains mainly in investment properties in prime Zurich locations. This supports portfolio values and signals continuing demand for PSP’s core assets. (PSP Swiss Property)
The balance sheet looks resilient, with loan-to-value of 32.9% and average borrowing costs of about 1.05%. Moody’s also upgraded PSP’s rating to A2 from A3, supporting its access to finance. (PSP Swiss Property)
Underlying rental growth is subdued: H1 rental income was virtually unchanged at CHF 174 million, while like-for-like growth was 0.7% before adjusting for a prior-year one-off. PSP also expects revenue to ease later in the year because of disposals and development timing. (PSP Swiss Property)
Vacancy rose to 4.0% from 3.5% at the end of 2025, and 6% of rents on contracts expiring in 2026 were still open at mid-year. PSP expects vacancies to fall back, but failure to let the completed Hôtel des Postes space as planned could keep pressure on occupancy. (PSP Swiss Property)
Reported profit is exposed to property valuation assumptions: H1 revaluations added CHF 111.9 million, while the portfolio’s average discount rate edged down to 3.52%. Revaluation gains can reverse if required yields rise, and PSP says older buildings and peripheral locations remain challenging. (PSP Swiss Property)
Data summarised monthly by Lightyear AI. Last updated on 3 Oct 2026.
Upcoming events
No upcoming events
Funds containing PSPN
AllEURUSD
Fund name | Fund size | Fr. PSPN weighting |
|---|---|---|
iShares European Property Yield£IPRP | €833M | 6.18% |
iShares European Property Yield€IPRP | €833M | 6.18% |
iShares STOXX Europe 600 Real Estate€EXI5 | €58M | 5.20% |
iShares Developed Markets Property Yield$IDWP | $1.2B | 0.49% |
iShares Developed Markets Property Yield£IWDP | $1.2B | 0.49% |
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Market data provided by CBOE Europe and Deutsche Börse.