PSP Swiss Property : Solid H1 for PSP, but we have questions on Geneva's 'Quartier des Banques'
>Good H1 2024 results, declining rates support EPRA EPS estimates long term - PSP Swiss property (“PSP”) showed strong H1 2024 results, in our view, and is furthermore successfully continuing its asset rotation strategy, with profitable sales of assets in secondary cities. We reduce our longer-term financial expenses forecasts, owing to reduced Swiss rates. The Swiss economy and real estate markets are doing well - Demand for office spaces in Switzerl...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.
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.
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