Swiss Prime Site invests in high-quality land, properties and locations, which, together with conversions and developments of entire sites, form the Company’s core business. Vertically integrated real estate-related group companies complement the core business and provide interesting added value.
The Company boasts a stable financing situation through debt and shareholders’ equity. The equity ratio amounts to a good 43.1%. The composition of debt equitably consists of the use of various instruments such as bonds, mortgages and loans. The loan-to-value ratio of 45.6% is hovering in the strategic target range.
First-class quality of location
The current portfolio of 188 high-quality properties comprises value-retaining Swiss properties situated in first-class locations with a fair value of CHF 10.6 billion. In this context, the Company focuses strongly on office and retail properties. The vacancy rate amounts to 5.2% and is thus one of the lowest in Switzerland.
High profitability and growth
The existing real estate portfolio realises an attractive net yield of 3.7%. Swiss Prime Site achieves a return on equity (ROE) of 6.4%. The project pipeline for the coming years comprises more than 20 projects totalling an investment volume of CHF 2.1 billion.
Stock’s high level of liquidity
Swiss Prime Site is the largest stock exchange-listed real estate company in Switzerland, with market capitalisation of approximately CHF 6.4 billion. The roughly 71.5 million registered shares are subject to 100% free float and exhibit a high level of liquidity on the SIX Swiss Exchange.
Equitable dividend policy
The Board of Directors pursues a constant and investor-friendly dividend policy. Around 80% of the profits generated excluding revaluations and deferred taxes are currently repatriated to the shareholders. The dividend yield amounts to 4.2% at present.