)
Swiss Prime Site (SPSN) investor relations material
Swiss Prime Site H1 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
FFO1 per share increased by 3.4% to CHF 2.10 in H1 2025, supported by strong asset management growth, successful capital raising, and the closure of Jelmoli, which sharpened strategic focus on prime Swiss real estate.
Portfolio value grew to CHF 13.3 billion, with like-for-like growth of 2.2% and new acquisitions in Geneva and Lausanne, while non-core assets were sold.
Asset management fees rose by nearly 41%, recurring fees now cover 200% of costs, and full integration of Fundamenta advanced operational efficiency.
Emission intensity reduced and sustainability initiatives advanced, with net zero targeted by 2040 and focus on circular construction.
Vacancy rate improved like-for-like, currently at 4.0%, and is expected to fall below 3.8% by year-end.
Financial highlights
Rental income decreased by 2.8% year-over-year to CHF 225.5 million due to development projects and asset sales, but like-for-like growth was 2.2%.
Asset management AUM reached CHF 13.7 billion, with CHF 540 million new capital raised in H1 and a CHF 300 million capital increase in February 2025.
Net revaluations surged to CHF 102.0 million, mainly from new lettings and lower property costs.
LTV stood at 38.4% at mid-2024/2025, with average financing cost reduced to 0.98%.
FFO per share increased by 3.4% to CHF 2.10 in H1.
Outlook and guidance
Vacancy rate expected to be below 3.8% and LTV below 39% by year-end, with AUM projected to exceed CHF 14 billion.
FFO1/FFO I per share guidance confirmed at the upper end of CHF 4.10–4.15 for 2025.
Attractive pipeline for further acquisitions and project investments in H2 2025.
Medium-term targets: AUM of CHF 16–17 billion and CHF 75 million EBITDA from asset management by 2027.
Next Swiss Prime Site earnings date
Next Swiss Prime Site earnings date
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage
)
)