PSP Swiss Property AG

PSP Swiss Property is a real estate company based in Switzerland with properties valued at around CHF 7.8 billion. Company assets are mainly office and business premises in prime locations in Switzerland’s key economic centres. The company states that its strategy includes managing and maintaining the properties with a long-term perspective and with the goal of income and value appreciation through optimal use of the properties. PSP Swiss Property is also focused on sustainability and the reduction of pollution with regard to energy, water and CO2. The company employs around 95 people in Geneva, Olten, Zug and Zurich, who are focused on property management, construction department and real estate asset management. At the end of September 2019, company assets’ vacancy rate stood at 4.0%. Since March 2000, PSP Swiss Property has been listed on the SIX Swiss Exchange. The company’s financial results for the third quarter of fiscal 2019 include a reported net income of CHF 311.5 million, representing an increase of 41.4% as compared to the previous year’s period. Looking to learn more about this instrument? Track it on eToro for updates and news on the current PSPN.ZU value.