Swiss Prime site : FY2023 results: broadly inline results and outlook
>New outlook 1% below consensus, underlying metrics strong - FY2024 FFO I outlook CHF 4.10-4.15 (vs CHF 4.17 Bloomberg consensus).The Board of Directors will propose the distribution of a dividend of CHF 3.40 per share, implying a 3.8% dividend yield.Like-for-like growth 4.3% (vs H1 2023: +3.4% and 1.7% Switzerland CPI 2023)Revaluations CHF -250m or -1.9% (H1 2023: -/- CHF 99m and -0.7%). The net property yield is unchanged at 3.1%. Development project...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.
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