Business · Companies · 2 hrs ago
PSP Swiss Property raises profit after Richtipark sale
PSP Swiss Property’s net profit rose 13.5% to 294.6 million francs in the first nine months of 2026.
The Swiss property company said selling its Richtipark project brought in a 39.7 million franc gain.
The project is in Wallisellen, and its sale helped lift profit excluding property revaluations by 22% to 202.7 million francs.
Rental income edged down 0.8% to 259.3 million francs, although it rose 0.5% when measured across comparable properties.
At the end of September, PSP’s portfolio was valued at 10.2 billion francs, and its vacancy rate had fallen to 3.7% from 4% in June.
The results were slightly below analysts’ expectations, but PSP confirmed its full-year targets, including 335 million francs in EBITDA excluding revaluations.
PSP expects few major acquisitions soon because there are limited properties that meet its quality standards, and says it will choose purchases selectively.
PSP Swiss Property reported a net profit of 294.6 million Swiss francs for January to September 2026, up 13.5% from a year earlier.
The sale of the Richtipark development project in Wallisellen contributed a gain of 39.7 million francs.
Property income fell 0.8% to 259.3 million francs, although it rose 0.5% on a like-for-like basis.
The company confirmed its full-year forecast for EBITDA excluding revaluations of 335 million francs.
- Who
- PSP Swiss Property.
- What
- It reported higher net profit for January to September 2026, helped by the sale of the Richtipark development project.
- When
- January to September 2026; the results were announced on Tuesday, 10 November 2026.
- Where
- The Richtipark project is in Wallisellen, Switzerland.
- Why
- The sale of Richtipark contributed a gain of 39.7 million francs.
This story does not have two clearly opposing sides.
PSP raised its full-year target for EBITDA excluding revaluations from 310 million to 335 million francs in connection with the Richtipark sale.
PSP recorded a net profit of 294.6 million francs and property income of 259.3 million francs.
PSP’s portfolio had a balance-sheet value of 10.2 billion francs and a vacancy rate of 3.7%.
- Net profit
- 294.6 million francs, up 13.5% year on year
- Richtipark sale gain
- 39.7 million francs
- Property income
- 259.3 million francs, down 0.8% year on year
- Portfolio value
- 10.2 billion francs at the end of September 2026
- Vacancy rate
- 3.7% at the end of the reporting period
- Full-year EBITDA target
- 335 million francs excluding revaluations