Swiss Prime Site stock holds steady after H1 profit jump
Published on 08/18/2026 at 22:24 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Swiss Prime Site stock (CH0011029946) is backed by H1 2026 figures that showed EBITDA excluding real estate gains rising 26.0% to CHF 187.4 million and net income climbing 21.7% to CHF 236.5 million. The half-year report also showed rental income of CHF 174.0 million and an updated full-year EBITDA outlook of CHF 335 million.
Half-year numbers improved
The operating result benefited from the Richtipark sale, which helped push net income excluding gains and losses on real estate investments up 40.1% to CHF 149.7 million in H1 2026. EBITDA margin improved to 87.1% from 85.1% a year earlier, while earnings per share excluding real estate gains rose to CHF 3.26 from CHF 2.33.
Portfolio data also stayed central to the story. At June 30, 2026, the property portfolio stood at CHF 10.2 billion, vacancy was 4.0%, and the weighted average unexpired lease term was 5.1 years.
Rating and balance sheet
The report showed equity of CHF 5.703 billion and interest-bearing debt of CHF 3.386 billion as of June 30, 2026, leaving the equity ratio at 55.4%. In late July 2026, Moody's lifted the issuer rating from A3 to A2 with a stable outlook, a helpful signal for financing conditions.
That mix matters for investors because the company paired a larger portfolio with a stronger earnings base and a lower average cost of debt of 1.04% over the last four quarters. The guidance confirmation at CHF 335 million also leaves the full-year operating target visibly above the 2025 level of CHF 302.0 million.
Projects and product
Swiss Prime Site's property mix still leans on central Swiss office and mixed-use assets, plus development work such as the Marktplatz project in Basel and the Eigerstrasse conversion in Bern. The half-year report said Marktplatz carries an investment volume of CHF 23 million, while Eigerstrasse is planned at CHF 20 million.
Stock context
As of August 18, 2026, Swiss Prime Site's listed line on Tradegate was quoted at EUR 134.50, down 0.52% on the day and 1.67% for the year so far, with a market cap of 10.190 billion in the valuation table. The latest share data and the H1 2026 figures together keep the focus on execution, not just valuation.
Fact box
Company: Swiss Prime Site AG
ISIN: CH0011029946
Ticker: SU1N
Exchange: SIX Swiss Exchange
Sector / Industry: Real Estate / Real Estate Development & Operations
Market cap: CHF 10.190 billion
Price (as of August 18, 2026, 3:30 p.m. EDT): EUR 134.50
Next earnings date: November 10, 2026
