Swiss Prime Site AG/€SPSN
1D1W1M3M6MYTD1Y5YMAX
Capital at risk
About Swiss Prime Site AG
Swiss Prime Site AG is a real estate company based in Switzerland, focusing on the ownership, management, and development of high-quality properties in prime urban locations. The company's portfolio includes shopping centers, office spaces, and retail properties, prominently featuring assets in cities such as Zurich and Geneva. Established in 1999, Swiss Prime Site AG has grown to become one of Switzerland's significant property owners by investing in strategically located assets that benefit from stable demand in metropolitan areas. Its competitive strength lies in a diversified and well-managed property portfolio, as well as its integrated business model which includes property management and development services. Swiss Prime Site AG is headquartered in Olten, Switzerland.
- Ticker
- €SPSN
- Sector
- Real Estate
- Primary listing
- XGAT
- Employees
- 189
- Headquarters
- Zug, Switzerland
- Website
- sps.swiss
SPSN Metrics
BasicAdvanced
€12B
26.29
€5.51
-
€3.79
1.31%
Price and volume
Market cap
€12B
52-week high
€161.50
52-week low
€124.20
Average daily volume
123K
Dividend rate
€3.79
Financial strength
Current ratio
0.104
Quick ratio
0.09
Long term debt to equity
0.76
Total debt to equity
0.872
Dividend payout ratio (TTM)
68.37%
Interest coverage (TTM)
5.72%
Profitability
EBITDA (TTM)
466.698
Gross margin (TTM)
90.19%
Net profit margin (TTM)
73.38%
Operating margin (TTM)
76.20%
Effective tax rate (TTM)
22.90%
Revenue per employee (TTM)
€3,207,180
Management effectiveness
Return on assets (TTM)
1.85%
Return on equity (TTM)
5.94%
Valuation
Price to earnings (TTM)
26.293
Price to revenue (TTM)
19.176
Price to book
1.53
Price to tangible book (TTM)
1.62
Price to free cash flow (TTM)
28.463
Free cash flow yield (TTM)
3.51%
Free cash flow per share (TTM)
5.093
Dividend yield (TTM)
2.61%
Forward dividend yield
1.31%
Growth
Revenue change (TTM)
-11.02%
Earnings per share change (TTM)
10.77%
3-year revenue growth (CAGR)
-6.61%
10-year revenue growth (CAGR)
-5.98%
3-year earnings per share growth (CAGR)
5.53%
10-year earnings per share growth (CAGR)
1.73%
3-year dividend per share growth (CAGR)
0.97%
10-year dividend per share growth (CAGR)
-0.55%
Bulls say / Bears say
Swiss Prime Site raised 2026 FFO I guidance to CHF 4.30–4.35 per share and targets more than 15% growth by 2030, offering a stronger near-term outlook and a clear longer-term growth plan. (Swiss Prime Site)
First-half like-for-like rent grew 1.4%, vacancy stayed low at 3.7%, and the average remaining lease term rose to 5.7 years. These figures support the stability of rental cash flows from its prime portfolio. (Swiss Prime Site)
Asset management income rose 5.2% to CHF 40 million in the first half, with record new money of CHF 0.95 billion. The company then raised its 2026 AuM growth outlook to CHF 1.2 billion, supporting growth in fee income beyond property rents. (Swiss Prime Site, Swiss Prime Site)
About half of the portfolio is office property, while UBS warns that weak hiring, hybrid-work consolidation and AI could curb office-space demand. This leaves the company exposed to shifts in how much space tenants need, even as prime sites remain better placed. (StockAnalysis, UBS)
The loan-to-value ratio rose to 39.9% after the dividend, above the company’s below-39% target. Management is also planning for possible rate rises in 2027 and 2028, making refinancing and borrowing costs important sensitivities. (Swiss Prime Site, EarningsAPI)
Several properties are temporarily offline while redevelopment work proceeds, and the planned Otelfingen sale depends on planning permission expected in 2027. Delays could defer rental income and proceeds from the company’s capital-recycling plans. (Swiss Prime Site, Swiss Prime Site)
Data summarised monthly by Lightyear AI. Last updated on 1 Nov 2026.
Upcoming events
No upcoming events
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.