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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Q4 2019 PSP Swiss Property AG Earnings Call Transcript

Feb 25, 2020 / 02:00PM GMT
Release Date Price: $139
Operator

Ladies and gentlemen, welcome to the PSP Swiss Property Q4 Results 2019 Conference Call. I am Myra, the Chorus Call operator. (Operator Instructions) The conference is being recorded. (Operator Instructions) The conference must not be recorded for publication or broadcast.

At this time, it's my pleasure to hand over to Mr. Giacomo Balzarini, CEO of PSP Swiss property. Please go ahead, sir.

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

Thank you, and good afternoon to everybody, and thank you for your availability on, I guess, quite a busy schedule. So therefore, I will do a rather quick introduction on the highlights of the financial year 2019, and then we can go immediately into the Q&A.

The highlights. We report an EBITDA number for the financial year 2019 of CHF 256.1 million. And more importantly, we guide for an EBITDA of above CHF 260 million for the year. We report a vacancy rate of 3.5%, and we guide for a further reduction of the vacancy rate, and we expect it to be below 3.5% by the end

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