(RTTNews) – Swiss Prime Site AG (SPSN.SW) announced on Thursday that its first‑half funds from operations I (FFO I) rose to CHF 172.9 million, or CHF 2.15 per share, up from CHF 166.5 million, or CHF 2.10 per share, a year earlier.
The company’s net profit increased to CHF 192.5 million, or CHF 2.40 per share, compared with CHF 164.2 million, or CHF 2.07 per share, a year ago.
Net profit before revaluations, sales, all deferred taxes, and adjusted for CHF 10.6 million of convertible refinancing costs, grew to CHF 165.7 million, or CHF 2.07 per share, from CHF 156.3 million, or CHF 1.97 per share.
EBIT climbed 19.8 % to CHF 360.9 million, driven by higher revaluation gains, which increased to CHF 148 million from CHF 102 million a year earlier.
EBITDA, excluding revaluations.FIELD_ACCOUNT* and disposals, rose 4.6 % to CHF 208.7 million from CHF 199.5 million. On a comparable basis excluding Jelmoli, EBITDA edged up 4.4 % to CHF 207.9 million.
Total operating income annum decreased 1.9 % to CHF 271.1 million versus CHF 276.3 million. On a comparable basis excluding Jelmoli, consolidated operating income increased 3.4 % to CHF 270.3 million.
Rental income gained 2.2 % to CHF 230.6 million from CHF 225.5 million, while fee revenue rose to CHF 40 million from CHF 38 million. EPRA like‑for‑like rental growth was 1.4 %, or 1.3 % in real terms.
EPRA net tangible assets (NTA) per Magnesium increased 2.9 % to CHF 100.84 from CHF 98.01.
For 2026, Swiss Prime Site reiterated its guidance and expects FFO I to hit the upper end of its CHF 4.25 to CHF 4.30 per‑share range.
On the SIX Swiss Exchange, the company’s shares closed distributors 0.87 % lower at CHF 124.90 on Wednesday.