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Swiss (SMI) Real Estate Industry Analysis

UpdatedApr 03, 2026
DataAggregated Company Financials
Companies23
  • 7D2.3%
  • 3M9.6%
  • 1Y21.4%
  • YTD10.1%

Swiss Prime Site is up 2.8%, leading the way for the Real Estate industry, which has gained 1.8%. During this same period, the Varia US Properties underperformed, falling 12%. This means that the industry has gained 21% over the past year. Looking forward, earnings are forecast to decline by 6.2% per year.

Industry Valuation and Performance

Has the Swiss Real Estate Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 03 Apr 2026CHF 37.8bCHF 3.0bCHF 2.1b14.6x18.3x12.8x
Sun, 01 Mar 2026CHF 40.6bCHF 2.8bCHF 2.1b16.3x19.7x14.5x
Tue, 27 Jan 2026CHF 37.2bCHF 2.8bCHF 2.1b14.8x17.8x13.3x
Thu, 25 Dec 2025CHF 35.8bCHF 2.8bCHF 2.1b14.3x17.1x12.8x
Sat, 22 Nov 2025CHF 35.4bCHF 2.8bCHF 2.1b13.9x17.1x12.7x
Mon, 20 Oct 2025CHF 34.7bCHF 2.8bCHF 2.1b14.5x16.7x12.4x
Wed, 17 Sep 2025CHF 30.7bCHF 2.8bCHF 1.9b14x16.3x11.1x
Fri, 15 Aug 2025CHF 32.1bCHF 2.9bCHF 1.6b18x20.3x11x
Sun, 13 Jul 2025CHF 33.8bCHF 2.9bCHF 1.5b18.2x22.7x11.8x
Tue, 10 Jun 2025CHF 34.0bCHF 2.9bCHF 1.5b17.8x22.9x11.8x
Thu, 08 May 2025CHF 33.2bCHF 2.9bCHF 1.5b17.7x22.1x11.6x
Sat, 05 Apr 2025CHF 30.4bCHF 2.9bCHF 1.4b17.3x21x10.6x
Mon, 03 Mar 2025CHF 29.9bCHF 3.0bCHF 1.3b20.6x22.7x10.1x
Wed, 29 Jan 2025CHF 29.3bCHF 2.9bCHF 812.8m28.3x36x10.1x
Fri, 27 Dec 2024CHF 28.2bCHF 2.9bCHF 814.0m27.4x34.7x9.8x
Sun, 24 Nov 2024CHF 27.2bCHF 2.9bCHF 775.8m25.9x35x9.4x
Tue, 22 Oct 2024CHF 27.0bCHF 2.9bCHF 823.4m25.6x32.8x9.4x
Thu, 19 Sep 2024CHF 26.9bCHF 2.9bCHF 812.6m25.3x33.1x9.4x
Sat, 17 Aug 2024CHF 26.3bCHF 3.0bCHF 324.9m36.1x80.9x8.8x
Mon, 15 Jul 2024CHF 25.9bCHF 3.0bCHF 287.7m37.8x90.1x8.7x
Wed, 12 Jun 2024CHF 24.8bCHF 3.0bCHF 286.6m37.4x86.7x8.3x
Fri, 10 May 2024CHF 25.5bCHF 3.0bCHF 283.1m35.3x90.3x8.5x
Sun, 07 Apr 2024CHF 25.8bCHF 3.0bCHF 261.4m37.1x98.5x8.6x
Tue, 05 Mar 2024CHF 25.1bCHF 3.0bCHF 375.9m34.7x66.8x8.4x
Thu, 01 Feb 2024CHF 25.5bCHF 3.3bCHF 712.5m27.1x35.8x7.7x
Sat, 30 Dec 2023CHF 25.7bCHF 3.3bCHF 729.5m26.8x35.3x7.7x
Mon, 27 Nov 2023CHF 25.0bCHF 3.4bCHF 769.9m26.2x32.5x7.5x
Wed, 25 Oct 2023CHF 24.2bCHF 3.3bCHF 752.5m24.4x32.2x7.2x
Fri, 22 Sep 2023CHF 24.9bCHF 3.3bCHF 794.2m26.1x31.4x7.4x
Sun, 20 Aug 2023CHF 24.4bCHF 3.2bCHF 1.6b15.4x15.3x7.6x
Tue, 18 Jul 2023CHF 24.1bCHF 3.2bCHF 1.6b14.4x14.9x7.5x
Thu, 15 Jun 2023CHF 24.0bCHF 3.2bCHF 1.6b14.3x14.8x7.4x
Sat, 13 May 2023CHF 24.1bCHF 3.2bCHF 1.8b12.8x13.5x7.4x
Mon, 10 Apr 2023CHF 24.5bCHF 3.4bCHF 1.9b13x13x7.3x
Price to Earnings Ratio

13x


Total Market Cap: CHF 24.5bTotal Earnings: CHF 1.9bTotal Revenue: CHF 3.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Swiss Real Estate Industry Price to Earnings3Y Average 34.9x202420252026
Current Industry PE
  • Investors are pessimistic on the Swiss Real Estate industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 18.3x which is lower than its 3-year average PE of 34.9x.
  • The 3-year average PS ratio of 9.7x is lower than the industry's current PS ratio of 12.8x.
Past Earnings Growth
  • The earnings for companies in the Real Estate industry have grown 3.0% per year over the last three years.
  • Meanwhile revenues for these companies have declined 4.3% per year.
  • This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.

Industry Trends

Which industries have driven the changes within the Swiss Real Estate industry?

CH Market2.34%
Real Estate2.30%
Real Estate2.30%
Real Estate Operating Companies2.44%
Diversified Real Estate1.83%
Real Estate Development0%0
Industry PE
  • Investors are most optimistic about the Diversified Real Estate industry even though it's trading below its 3-year average PE ratio of 32.2x.
    • Analysts are expecting annual earnings decline of 13.3%, which is lower than the prior year's growth of 3.7% per year.
Forecasted Growth
  • Despite it being negative, analysts are least pessimistic on the Real Estate Operating Companies industry since they expect its earnings to decline by only 3.9% per year over the next 5 years, which isn't as bad as the other industries.
  • This is a reversal from its past annual earnings growth rate of 52% per year.
  • In contrast, the Diversified Real Estate industry is expected to see its earnings decline by 13% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
SPSN Swiss Prime SiteCHF 138.402.8%
+CHF 304.9m		25.7%PE29x
PSPN PSP Swiss PropertyCHF 161.504.0%
+CHF 284.4m		17.0%PE18.1x
ALLN Allreal HoldingCHF 228.502.2%
+CHF 82.6m		26.8%PE17.2x
HIAG HIAG Immobilien HoldingCHF 138.205.2%
+CHF 68.8m		44.3%PE12.1x
IREN Investis HoldingCHF 155.502.3%
+CHF 44.7m		30.7%PE13x

Latest News

VARN
CHF 16.40
Varia US Properties
7D
-11.8%
1Y
-28.7%
ISN
CHF 166.80
Intershop Holding
7D
-1.4%
1Y
29.3%
HIAG
CHF 138.20
HIAG Immobilien Holding
7D
5.2%
1Y
44.3%
IREN
CHF 155.50
Investis Holding
7D
2.3%
1Y
30.7%

Tight Housing Supply And Rising Financing Costs Will Restrain Long Term Returns

Catalysts About Investis Holding Investis Holding focuses on owning and managing residential real estate in the Lake Geneva region, with a portfolio centered on middle segment apartments. What are the underlying business or industry changes driving this perspective?
CHAM
CHF 25.90
Cham Swiss Properties
7D
2.0%
1Y
n/a
SPSN
CHF 138.40
Swiss Prime Site
7D
2.8%
1Y
25.7%

Core City Portfolio And Asset Management Platform Will Drive Stronger Long Term Returns

Catalysts About Swiss Prime Site Swiss Prime Site is a Swiss real estate group focused on prime office and commercial properties alongside a growing third party asset management platform. What are the underlying business or industry changes driving this perspective?
PSPN
CHF 161.50
PSP Swiss Property
7D
4.0%
1Y
17.0%
SFPN
CHF 103.00
SF Urban Properties
7D
-0.5%
1Y
3.2%
ALLN
CHF 228.50
Allreal Holding
7D
2.2%
1Y
26.8%
MOBN
CHF 379.00
Mobimo Holding
7D
0.9%
1Y
25.3%
SEGN
CHF 9.60
Procimmo Group
7D
3.8%
1Y
74.5%
PEAN
CHF 4.85
Peach Property Group
7D
-3.6%
1Y
-31.3%