PSP Swiss Property Full Year 2024 Earnings: EPS Beats Expectations

PSP Swiss Property (VTX:PSPN) Full Year 2024 Results

Key Financial Results

• Revenue: CHF374.4m (flat on FY 2023).
• Net income: CHF374.9m (up 81% from FY 2023).
• EPS: CHF8.17 (up from CHF4.53 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

PSP Swiss Property EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 32%.

Looking ahead, revenue is expected to fall by 1.1% p.a. on average during the next 3 years compared to a 1.6% decline forecast for the Real Estate industry in Switzerland.

Performance of the Swiss Real Estate industry.

The company's shares are down 2.9% from a week ago.

Risk Analysis

We should say that we've discovered 3 warning signs for PSP Swiss Property (2 don't sit too well with us!) that you should be aware of before investing here.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.