Swiss Prime Site AG/Fr. SPSN
1D1W1MYTD1Y5YMAX
Capital at risk
About Swiss Prime Site AG
Swiss Prime Site AG, headquartered in Zug, Switzerland, is a real estate investment company specializing in the acquisition, development, sale, and leasing of commercial properties. Founded in 1999, the company operates through two primary segments: Real Estate and Asset Management. The Real Estate segment focuses on managing a portfolio valued at approximately CHF 13 billion, comprising office, retail, and infrastructure properties located mainly in the metropolitan regions of Zurich, Geneva, and Basel. The Asset Management segment, under Swiss Prime Site Solutions, oversees assets totaling around CHF 13 billion, offering investment opportunities such as open- and closed-end funds and advisory services to third-party investors. Notable properties include the Prime Tower in Zurich, a 126-meter office building completed in 2011. The company's strategic positioning emphasizes sustainable and value-oriented real estate investments, leveraging its extensive experience and scale to drive innovation and create long-term value.
- Ticker
- Fr. SPSN
- Sector
- Real Estate
- Primary listing
- XSWX
- Employees
- 189
- Headquarters
- Zug, Switzerland
- Website
- sps.swiss
SPSN Metrics
BasicAdvanced
CHF 10B
24.76
CHF 5.09
-
CHF 3.50
1.39%
Price and volume
Market cap
CHF 10B
52-week high
CHF 147.60
52-week low
CHF 108.10
Average daily volume
98K
Dividend rate
CHF 3.50
Financial strength
Current ratio
0.104
Quick ratio
0.09
Long term debt to equity
76.019
Total debt to equity
87.211
Dividend payout ratio (TTM)
68.37%
Interest coverage (TTM)
5.72%
Profitability
EBITDA (TTM)
430.728
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)
CHF 2,960,000
Management effectiveness
Return on assets (TTM)
1.85%
Return on equity (TTM)
5.94%
Valuation
Price to earnings (TTM)
24.764
Price to revenue (TTM)
18.061
Price to book
1.44
Price to tangible book (TTM)
1.52
Price to free cash flow (TTM)
26.808
Free cash flow yield (TTM)
3.73%
Free cash flow per share (TTM)
4.7
Dividend yield (TTM)
2.78%
Forward dividend yield
1.39%
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
FFO I per share rose 2.4% to CHF 2.15 in H1 2026, the highest level in the company’s history, underpinning confidence in achieving full-year guidance at the upper end of CHF 4.25–4.30 (Reuters).
Swiss Prime Site reshaped its portfolio in H1 2026 by divesting smaller retail assets and acquiring prime Bahnhofstrasse property in Zurich, increasing prime-location exposure to 100% and supporting rent resilience and valuation gains (Reuters).
Asset-management fee income grew 5.2% to CHF 40 million in H1 2026, making Swiss Prime Site Solutions the group’s fastest-growing segment and highlighting the success of the dual-pillar strategy (Reuters).
Financial expenses in H1 2026 rose to CHF 113.9 million from CHF 97.0 million a year earlier due to a one-off valuation adjustment on a refinanced convertible bond’s embedded derivative, pressuring net profit margins (Swiss Prime Site).
Loan-to-value temporarily exceeded 39% in H1 2026 following the dividend payout, highlighting leverage risks and sensitivity to financing conditions (Swiss Prime Site).
The vacancy rate remained at 3.7% at the end of June 2026, unchanged from the end of 2025, indicating limited progress in occupancy improvements despite focus on prime locations (Swiss Prime Site).
Data summarised monthly by Lightyear AI. Last updated on 7 Sept 2026.
Upcoming events
No upcoming events
Funds containing SPSN
AllEURGBPUSD
Fund name | Fund size | Fr. SPSN weighting |
|---|---|---|
iShares European Property Yield€IPRP | €813M | 8.41% |
iShares European Property Yield£IPRP | £698M | 8.41% |
iShares STOXX Europe 600 Real Estate€EXI5 | €58M | 7.53% |
VanEck Global Real Estate€TRET | €255M | 0.93% |
VanEck Global Real Estate£TREG | £222M | 0.93% |
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.