PSP Swiss Property AG (OTCPK:PSPSF)
$ 126.5 0 (0%) Market Cap: 5.70 Bil Enterprise Value: 7.74 Bil PE Ratio: 22.36 PB Ratio: 0.98 GF Score: 74/100
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Q2 2019 PSP Swiss Property AG Earnings Call (Q&A) Transcript

Aug 15, 2019 / 08:30AM GMT
Release Date Price: $120
Operator

Ladies and gentlemen, welcome to the PSP Swiss Property Half year Results 2019 Conference Call. I am Hailey, the Chorus Call operator. (Operator Instructions) The conference is being recorded. (Operator Instructions) At this time, it's my pleasure to hand over to Mr. Giacomo Balzarini, CEO of PSP Swiss Property. Please go ahead.

Giacomo Balzarini
PSP Swiss Property AG - CEO, CFO & Member of the Executive Board

Good morning to everybody and welcome to the half year results 2019 of PSP. After a very short introduction, I will go directly into the Q&A session. I think this has proved to be valuable for all the participants.

In a nutshell and as you have seen from results, we benefit from the good underlying letting market, which helped us and combined with our efforts taken on the letting side, helped us to bring down the vacancy fill to 4% and to improve our guidance for year-end. The strong investment market in the prime locations, combined with the vacancy reduction led to a further valuation gain of bit more than CHF 100 million. The

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