ODDO : A safe haven, but with some challenges
The six companies of our coverage stand to benefit from Switzerland’s safe-haven real estate stability, underpinned by a structural housing shortage and ~1% vacancy rates in residential that keep rents and prices firm. Prime-location commercial assets remain in strong demand, supported by firm absorption and continued upward pressure on values. Combined with near-zero rates and low inflation, Switzerland offers a uniquely predictable, supply-constrained, high-quality investment environment. The sector’s recent strong outperformance has lifted valuations to elevated levels (PE 34x vs 20x for SPI) but continues to offer an attractive yield spread and maintain notably low volatility. Our Top Picks in the sector are Swiss Prime Site, Intershop, and Investis.PSP Swiss Property is a holding company. Co. operates under three business segments: real estate investments, which includes the real estate business that comprises all properties of Co.'s investment properties, investment properties earmarked for sale, own-used properties, sites and development properties as well as development projects earmarked for sale; real estate management, which includes all services and activities with regard to the management of Co.'s own real estate portfolio; and holding, which includes the corporate functions such as finance, legal, corporate communications, human resources and information technology.
Swiss Prime Site is a real-estate investment company in Switzerland. Co., through it's subsidaries, is engaged in the development, acquisition, holding, administration and disposal of real estates/properties located in Switzerland. Investors are offered through Co., the opportunity to participate in a professionally managed Swiss property portfolio established according to strict investment criteria. Co. invests in Swiss properties at selected sites and offers its shareholders the opportunity to participate in the potential for value growth of an enterprise managed by experienced real estate specialists.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.