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Swiss real-estate investment company owning and managing office and commercial properties mainly in major Swiss cities.
Swiss real-estate investment company owning and managing office and commercial properties mainly in major Swiss cities.
Earns rent from office and commercial buildings in central Zurich, Geneva and other Swiss cities, and many leases are indexed to inflation, so rents move up with Swiss prices. It recognises revaluations of its properties in profit, so results are affected by interest rates beyond rental income.
In one line: A Swiss office-focused REIT, like a smaller Boston Properties.
Moat: narrow (scale, installed base). Prime city-centre office locations are hard to replicate, though returns still follow property cycles.
Headquarters: Zug, Switzerland · Founded: 1999 · Employees: 94
Size PSP Swiss Property (PSPN.SW) is a Switzerland Real Estate company (Real Estate Development) with a market value of $8.73B, the 35th largest of 158 Switzerland companies the cockpit tracks. Shares closed at CHF 155.40 on 6 Nov 2026.
Performance Over six months the shares gained 4.7%, against +4.5% for the median peer and +11.6% for the Switzerland market (cap-weighted) — 11th highest of 21 in its peer set.
Growth Revenue grew 44.1% over the last twelve months (peer median +5.7%); the operating margin is 68.0% (peer median 41.0%).
Valuation It trades at 27.9× forward earnings against a peer median of 15.7× (5th most expensive of 19).
Credit PSP Swiss Property has 1 bond outstanding ($189M).
Next results Next results expected around 10 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CHF 511M | CHF 376M | CHF 471M | CHF 373M | CHF 470M |
| Revenue growth | — | -20% | +26% | -21% | — |
| Gross profit | CHF 378M | CHF 338M | CHF 346M | CHF 327M | CHF 315M |
| EBITDA | CHF 348M | CHF 309M | CHF 318M | CHF 299M | CHF 292M |
| Net income | CHF 451M | CHF 408M | CHF 375M | CHF 208M | CHF 330M |
| Free cash flow | CHF 388M | CHF 227M | CHF 213M | CHF 277M | CHF 316M |
| Capital expenditure | CHF 0 | CHF 0 | CHF 484,000 | CHF 193,000 | CHF 0 |
| Total debt | CHF 3.39B | CHF 3.37B | CHF 3.38B | CHF 3.47B | CHF 3.09B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| PSP Swiss Property PSPN.SW | $8.73B | +5% | +44% | 68% | 27.9× | n/a |
| Swiss Prime Site SPSN.SW | $13.0B | +1% | -12% | 76% | 31.7× | n/a |
| Allreal ALLN.SW | $3.89B | -8% | +3% | 41% | 24.0× | n/a |
| Mobimo MOBN.SW | $3.17B | -1% | +15% | 42% | 26.9× | n/a |
| BXP BXP | $10.4B | +11% | +3% | 29% | 31.2× | n/a |
| Intershop ISN.SW | $1.82B | -9% | +5% | 79% | 18.5× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | PSPN.SW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +8.6% | +7.4% | 9th highest of 21 |
| 6-month return | +4.7% | +4.5% | 11th highest of 21 |
| Distance from 52-week high | -7.7% | -12.6% | 5th highest of 21 |
| Revenue growth (TTM) | +44.1% | +5.7% | 3rd highest of 21 |
| Operating margin | 68.0% | 41.0% | 3rd highest of 21 |
| Forward P/E | 27.9× | 15.7× | 5th most expensive of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| PSP Swiss Property PSPN.SW | Switzerland | $8.73B | +5% | +44% | 68% | 27.9× | n/a | n/a |
| Hulic 3003.T | Japan | $9.16B | +7% | +25% | 23% | 11.5× | n/a | n/a |
| Phoenix Mills PHOENIXLTD.NS | India | $8.13B | +18% | +13% | 52% | 52.0× | n/a | n/a |
| Wharf (Holdings) 0004.HK | Hong Kong | $7.92B | -32% | -1% | 41% | 15.7× | n/a | n/a |
| Compass COMP | United States | $7.84B | +17% | +68% | 0% | n/a | n/a | n/a |
| Poly Developments & 600048.SS | China | $10.1B | -9% | -4% | 4% | 48.6× | n/a | n/a |
| Ctp CTPNV.AS | Netherlands | $7.43B | -18% | +12% | 67% | 13.0× | n/a | n/a |
| Prestige Estates Projects PRESTIGE.NS | India | $7.42B | +10% | +66% | 24% | 38.5× | n/a | n/a |
| China Merchants Shekou Industrial Zone 001979.SZ | China | $10.4B | -10% | -22% | 1% | 69.7× | n/a | n/a |
| Daito Trust Construction 1878.T | Japan | $7.10B | -7% | +6% | 7% | 9.7× | n/a | n/a |
| Deutsche Wohnen DWNI.DE | Germany | $7.05B | -20% | 0% | 48% | 11.0× | n/a | n/a |
| AB Sagax SAGA-A.ST | Sweden | $6.96B | +5% | +5% | 78% | 15.7× | n/a | n/a |
| Cpi Property O5G.DE | Germany | $6.85B | -1% | -8% | 41% | n/a | n/a | n/a |
| Oberoi Realty OBEROIRLTY.NS | India | $6.66B | +4% | +16% | 57% | 20.0× | n/a | n/a |
| Klepierre LI.PA | France | $11.6B | +8% | +3% | 63% | 13.1× | n/a | n/a |
| FirstService FSV.TO | Canada | $6.46B | +18% | +3% | 6% | 23.6× | n/a | n/a |
| Fastighets AB Balder BALD-B.ST | Sweden | $6.43B | -2% | +4% | 66% | 12.2× | n/a | n/a |
| NEPI Rockcastle NRP.AS | Netherlands | $6.34B | +9% | +20% | 62% | 12.1× | n/a | n/a |
| China Res Mixc 1209.HK | Hong Kong | $12.1B | -14% | +10% | 28% | 18.4× | n/a | n/a |
| Lodha Developers LODHA.NS | India | $12.5B | +22% | +21% | 31% | 27.0× | n/a | n/a |
| Wharf Reic 1997.HK | Hong Kong | $12.6B | +24% | -1% | 73% | 14.8× | n/a | n/a |
PSP Swiss Property has 1 bond outstanding with $189M face value.