PSP Swiss Property Reports Q1 2025 Performance

PSP Swiss Property has announced its results for Q1 2025, highlighting strong demand for prime office and retail spaces in Zurich and Geneva, contrasted by an oversupply in Basel. The company's property portfolio increased slightly to CHF 9.9 billion, with a vacancy rate of 3.5%.

Key developments include renovations in Geneva’s Quartier des Banques and potential conversion of Zurich’s "Löwenbräu Red" to serviced apartments. Additionally, Wallisellen's "Richtipark" will soon allow increased residential usage.

Financially, the company saw a 2.5% drop in rental income to CHF 86.9 million due to one-off items from 2024, while net profit decreased by 25.2% to CHF 60.6 million. The equity ratio improved slightly to 55.1%.

Looking ahead, PSP Swiss Property anticipates stable demand for high-quality spaces and plans careful acquisitions aligned with long-term strategy.