By Anthony O. Goriainoff

PSP Swiss Property said net income rose for the second quarter after booking lower costs.

The Swiss real-estate company said Tuesday that the country's rental market had remained stable during the reporting period. Still, although central top locations had solid demand in places, peripheral locations, older office spaces and those in the nonfood retail segment continued to be affected by structural challenges, it said.

In the second quarter, net income rose to 133.8 million Swiss francs ($165.7 million) from 75.3 million francs last year.

Adjusted earnings before interest, taxes, depreciation and amortization--which strips out exceptional and other one-off items--fell to 74.1 million francs from 75.6 million francs.

Rental income--its preferred metric--remained flat at 87 million francs.

The board said it expected the attractiveness of the Swiss rental market to remain largely intact.

The company reiterated guidance of adjusted Ebitda of around 300 million francs for the year. PSP reported adjusted Ebitda of 304.9 million francs for 2024.

"For the current year, we anticipate positive developments in the Swiss real-estate market," it said.

Shares in early trade were down 1.5% at 135.40 francs.

Write to Anthony O. Goriainoff at anthony.orunagoriainoff@dowjones.com

(END) Dow Jones Newswires

August 19, 2025 03:28 ET (07:28 GMT)

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