PSP Swiss Property AG Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 09, 2021 at 06:16 am EST
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PSP Swiss Property AG reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was CHF 78.22 million compared to CHF 74.49 million a year ago. Net income was CHF 59.64 million compared to CHF 58.14 million a year ago. Basic earnings per share from continuing operations was CHF 1.3 compared to CHF 1.27 a year ago.
For the nine months, sales was CHF 231.51 million compared to CHF 221.17 million a year ago. Net income was CHF 431 million compared to CHF 179.92 million a year ago. Basic earnings per share from continuing operations was CHF 9.4 compared to CHF 3.92 a year ago.
PSP Swiss Property AG is a Switzerland-based real estate holding company. It is organized into three business segments: Real Estate Investment, which includes the real estate business and comprises all properties of the Company; Real Estate Management, which includes all services and activities with regard to the management of the Companyâs own real estate portfolio, and Holding, which covers the traditional corporate functions, such as finance, legal, investor and public relations, human resources and information technology. The Company owns approximately 170 offices and commercial properties, as well as nine development sites throughout Switzerland, mainly in Zurich, Geneva, Basel, Bern and Lausanne. As of December 31, 2011, it had two direct subsidiaries: PSP Participations Ltd and PSP Finance Ltd, as well as such indirect subsidiaries as PSP Group Services Ltd, PSP Real Estate Ltd, PSP Management Ltd and Immobiliengesellschaft Septima AG, among others.
PSP SWISS PROPERTY AG 
