PSP Swiss Property Full Year 2022 Earnings: EPS Beats Expectations, Revenues Lag
PSP Swiss Property (VTX:PSPN) Full Year 2022 Results
Key Financial Results
Revenue: CHF417.4m (up 11% from FY 2021).
Net income: CHF330.0m (down 45% from FY 2021).
Profit margin: 79%.
EPS: CHF7.19 (down from CHF12.97 in FY 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
PSP Swiss Property EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 2.9%. Earnings per share (EPS) exceeded analyst estimates by 12%.
Looking ahead, revenue is expected to fall by 9.9% p.a. on average during the next 3 years compared to a 8.4% decline forecast for the Real Estate industry in Switzerland.
Performance of the Swiss Real Estate industry.
The company's shares are down 6.6% from a week ago.
Risk Analysis
What about risks? Every company has them, and we've spotted 4 warning signs for PSP Swiss Property (of which 2 don't sit too well with us!) you should know about.
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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.
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