PSP Swiss Property Reports Strong Performance and Raises Dividend

PSP Swiss Property made a significant impact with its robust annual results for 2024. The company increased its dividend to CHF 3.90 per share. The real estate portfolio value rose to CHF 9.8 billion, with a reduced vacancy rate of 3.2%. Property sales exceeded valuations by 14.3%, indicating strategic asset management.

The firm's rental income saw a growth of 5.4%, reaching CHF 350 million. This growth is attributed to successful lettings and strategic portfolio enhancements. Despite a decline in operating results due to last year's deferred tax releases, net profit surged by 80.6% to CHF 374.9 million.

The equity ratio improved to 54.5%, with interest-bearing debt reduced to 34.1% of total assets. In 2025, a modest economic growth outlook is coupled with strong demand for high-quality properties, mainly in Zurich.