Swiss Prime Site AG (XSWX:SPSN)
CHF 98.7 1.3 (1.33%) Market Cap: 7.53 Bil Enterprise Value: 13.44 Bil PE Ratio: 43.87 PB Ratio: 1.16 GF Score: 59/100
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Half Year 2021 Swiss Prime Site AG Earnings Call Transcript

Aug 26, 2021 / 08:00AM GMT
Release Date Price: CHF97.7 (+0.41%)
RenÃ;Zahnd
Swiss Prime Site AG - CEO & Member of Executive Board

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Great. Thank you. A warm welcome to all of those here at the Prime Tower and, of course, also to all of you who have joined us online from home or from another office. I would also like to welcome the colleagues from the Board who are here today. And I'm particularly pleased to introduce our new CFO, Marcel Kucher.

Let me just start with a few highlights. What did we do in the first 6 months? Well, we were able to grow in Construction, 1.1% increase in the property portfolio and 6.7% for Swiss Prime Site Solutions, which has now led us to CHF 3.2 billion. And another important point is the decrease of vacancies, which was one of our objectives that we mentioned at the beginning of the year. We wanted to decrease below 5%, and we've achieved that.

Our current vacancy rate is 4.7%, which is a decrease of 0.4% compared with the end of last year. Compared with mid-2020, we had -- when we had a vacancy rate of 5.4%, we have improved by 0.7%. In terms of square meters, that means that we have reduced

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