Quarterly report Q1
2023
2
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Contents
04 Key figures
06 Q1 2023 report
12 Portfolio summary
17 Financial statements
3
49 Additional information
68 Contacts and important dates
69 Customer care
4 Key figures
Key figures
Key financial figures | Unit | 2022 | Q1 2022 | Q1 2023 | +/-1 | |||||
Rental income | CHF 1 000 | 316 231 | 79 102 | 81 135 | 2.6% | |||||
EPRA like-for-like change | % | 2.2 | 3.3 | 4.0 | ||||||
Net changes in fair value of real estate investments | CHF 1 000 | 124 886 | 11 864 | 0 | ||||||
Income from property sales (inventories) | CHF 1 000 | 25 181 | 18 444 | 938 | ||||||
Income from property sales (investment properties) | CHF 1 000 | - 447 | - 447 | 910 | ||||||
Total other income | CHF 1 000 | 7 669 | 1 949 | 628 | ||||||
Net income | CHF 1 000 | 329 960 | 77 975 | 57 024 | - 26.9% | |||||
Net income excluding gains/losses | ||||||||||
on real estate investments2 | CHF 1 000 | 235 714 | 69 685 | 56 283 | - 19.2% | |||||
Ebitda excluding gains/losses | ||||||||||
on real estate investments2 | CHF 1 000 | 293 822 | 86 991 | 69 901 | - 19.6% | |||||
Ebitda margin | % | 83.9 | 86.4 | 84.5 | ||||||
Total assets | CHF 1 000 | 9 483 866 | 9 524 236 | 0.4% | ||||||
Shareholders' equity | CHF 1 000 | 5 198 379 | 5 256 082 | 1.1% | ||||||
Equity ratio | % | 54.8 | 55.2 | |||||||
Return on equity | % | 6.5 | 4.4 | |||||||
Interest-bearing debt | CHF 1 000 | 3 092 389 | 3 077 156 | - 0.5% | ||||||
Interest-bearing debt in % of total assets | % | 32.6 | 32.3 | |||||||
Portfolio key figures | ||||||||||
Number of investment properties | Number | 162 | 160 | |||||||
Carrying value investment properties | CHF 1 000 | 8 886 673 | 8 695 357 | - 2.2% | ||||||
Implied yield, gross3 | % | 3.5 | 3.7 | 3.7 | ||||||
Implied yield, net3 | % | 3.1 | 3.2 | 3.3 | ||||||
Vacancy rate (CHF)3, 4 | % | 3.0 | 3.2 | |||||||
Number of sites and development properties | Number | 13 | 14 | |||||||
Carrying value sites and development properties | CHF 1 000 | 534 382 | 754 487 | 41.2% | ||||||
Headcount | ||||||||||
Employees | Number | 100 | 102 | |||||||
Full-time equivalents | Number | 91 | 92 | |||||||
Per share figures | ||||||||||
Earnings per share (EPS)5 | CHF | 7.19 | 1.70 | 1.24 | - 26.9% | |||||
EPS excluding gains/losses | ||||||||||
on real estate investments2, 5 | CHF | 5.14 | 1.52 | 1.23 | - 19.2% | |||||
EPRA EPS5 | CHF | 4.66 | 1.16 | 1.21 | 4.9% | |||||
Distribution per share | CHF | 3.806 | n.a. | n.a. | ||||||
Net asset value per share (NAV)7 | CHF | 113.33 | 114.59 | 1.1% | ||||||
NAV per share before deduction of deferred taxes7 | CHF | 136.62 | 137.91 | 0.9% | ||||||
EPRA NRV7 | CHF | 139.42 | 140.73 | 0.9% | ||||||
Share price end of period | CHF | 108.50 | 104.00 | - 4.1% | ||||||
- Change to previous year's period 1 January to 31 March 2022 or to carrying value as of 31 December 2022 as applicable.
- See definition on page 33, note 11.
- For investment properties.
- Equals the lost rental income in % of the potential rent, as per reporting date.
- Based on average number of outstanding shares.
- For the 2022 business year. Cash payment was made on 13 April 2023.
- Based on number of outstanding shares.
Key figures | 5 |
Real estate portfolio
9.1 | 9.4 | 9.4 | ||
8.6 | ||||
8.0 | ||||
3.5% | 3.0% | 3.8% | 3.0% | 3.2% |
2019 | 2020 | 2021 | 2022 | Q1 2023 |
Portfolio value in CHF billion
Vacancy rate in %
Shareholders' equity
4.6 | 5.0 | 5.2 | 5.3 | |
4.5 | ||||
10.5% | 6.5% | 12.4% | 6.5% | 4.4% |
2019 | 2020 | 2021 | 2022 | Q1 2023 |
Shareholders' equity in CHF billion Return on equity in %
Ebitda | ||||
271.1 | 278.8 | 293.8 | ||
83.4% | 83.0% | 83.9% | 86.4% | 84.5% |
87.0 | 69.9 | |||
2020 | 2021 | 2022 | Q1 2022 | Q1 2023 |
Ebitda excl. gains/losses on
real estate investments in CHF million Ebitda margin in %
Net income components
373.9
76.3 | 94.2 | |||
215.8 | 221.1 | 235.7 | 8.3 | 0.7 |
69.7 | 56.3 | |||
2020 | 2021 | 2022 | Q1 2022 | Q1 2023 |
Net income excl. gains/losses on real estate investments in CHF million
Contribution gains/losses on
real estate investments in CHF million
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Disclaimer
PSP Swiss Property AG published this content on 05 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 May 2023 04:38:09 UTC.