PSP Swiss Property AG
PSP Swiss Property AG, together with its subsidiaries, owns and manages real estate properties in Switzerland. It operates through Real Estate Investments and Property Management segments. The Real Estate Investment segment includes investment properties, investment properties for sale, own-used properties, and development properties, as well as development projects for sale, and rents properties… Read more
PSP Swiss Property AG (PSPSF) - Net Assets
Latest net assets as of September 2025: $5.49 Billion USD
Based on the latest financial reports, PSP Swiss Property AG (PSPSF) has net assets worth $5.49 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($10.12 Billion) and total liabilities ($4.62 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $5.49 Billion |
| % of Total Assets | 54.31% |
| Annual Growth Rate | 5.92% |
| 5-Year Change | 18.16% |
| 10-Year Change | 39.79% |
| Growth Volatility | 9.44 |
PSP Swiss Property AG - Net Assets Trend (2002–2024)
This chart illustrates how PSP Swiss Property AG's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for PSP Swiss Property AG (2002–2024)
The table below shows the annual net assets of PSP Swiss Property AG from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $5.41 Billion | +3.64% |
| 2023-12-31 | $5.22 Billion | +0.43% |
| 2022-12-31 | $5.20 Billion | +3.57% |
| 2021-12-31 | $5.02 Billion | +9.61% |
| 2020-12-31 | $4.58 Billion | +2.90% |
| 2019-12-31 | $4.45 Billion | +7.06% |
| 2018-12-31 | $4.16 Billion | +4.22% |
| 2017-12-31 | $3.99 Billion | +3.15% |
| 2016-12-31 | $3.87 Billion | -0.10% |
| 2015-12-31 | $3.87 Billion | +0.77% |
| 2014-12-31 | $3.84 Billion | +0.04% |
| 2013-12-31 | $3.84 Billion | +3.79% |
| 2012-12-31 | $3.70 Billion | +13.16% |
| 2011-12-31 | $3.27 Billion | +11.08% |
| 2010-12-31 | $2.94 Billion | +7.35% |
| 2009-12-31 | $2.74 Billion | +5.94% |
| 2008-12-31 | $2.59 Billion | +2.09% |
| 2007-12-31 | $2.53 Billion | -0.48% |
| 2006-12-31 | $2.55 Billion | +5.75% |
| 2005-12-31 | $2.41 Billion | +5.40% |
| 2004-12-31 | $2.29 Billion | +46.39% |
| 2003-12-31 | $1.56 Billion | +2.37% |
| 2002-12-31 | $1.52 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to PSP Swiss Property AG's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 1114.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $4.90 Billion | 90.52% |
| Common Stock | $4.59 Million | 0.08% |
| Other Comprehensive Income | $508.16 Million | 9.39% |
| Other Components | $1.00K | 0.00% |
| Total Equity | $5.41 Billion | 100.00% |
PSP Swiss Property AG Competitors by Market Cap
The table below lists competitors of PSP Swiss Property AG ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Air Lease Corporation
NYSE:AL
|
$6.79 Billion |
|
Shannon Semiconductor Technology Co Ltd
SHE:300475
|
$6.79 Billion |
|
Rakuten Group Inc
PINK:RKUNF
|
$6.80 Billion |
|
American Airlines Group
NASDAQ:AAL
|
$6.80 Billion |
|
Commercial Metals Company
NYSE:CMC
|
$6.77 Billion |
|
Guangdong Hec Technology Holding Co Ltd Class A
SHG:600673
|
$6.77 Billion |
|
Sasol Ltd
NYSE:SSL
|
$6.76 Billion |
|
Evolution Gaming Group AB
LSE:0RQ6
|
$6.76 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in PSP Swiss Property AG's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 5,220,722,000 to 5,410,720,000, a change of 189,998,000 (3.6%).
- Net income of 374,949,000 contributed positively to equity growth.
- Dividend payments of 176,572,000 reduced retained earnings.
- Share repurchases of 1,885,000 reduced equity.
- Other comprehensive income decreased equity by 8,361,001.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $374.95 Million | +6.93% |
| Dividends Paid | $176.57 Million | -3.26% |
| Share Repurchases | $1.89 Million | -0.03% |
| Other Comprehensive Income | $-8.36 Million | -0.15% |
| Other Changes | $1.87 Million | +0.03% |
| Total Change | $- | 3.64% |
Book Value vs Market Value Analysis
This analysis compares PSP Swiss Property AG's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.26x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 2.94x to 1.26x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-12-31 | $50.44 | $148.50 | x |
| 2003-12-31 | $51.54 | $148.50 | x |
| 2004-12-31 | $56.11 | $148.50 | x |
| 2005-12-31 | $53.93 | $148.50 | x |
| 2006-12-31 | $55.94 | $148.50 | x |
| 2007-12-31 | $58.41 | $148.50 | x |
| 2008-12-31 | $61.13 | $148.50 | x |
| 2009-12-31 | $65.54 | $148.50 | x |
| 2010-12-31 | $69.39 | $148.50 | x |
| 2011-12-31 | $76.06 | $148.50 | x |
| 2012-12-31 | $82.43 | $148.50 | x |
| 2013-12-31 | $83.70 | $148.50 | x |
| 2014-12-31 | $83.74 | $148.50 | x |
| 2015-12-31 | $84.38 | $148.50 | x |
| 2016-12-31 | $84.30 | $148.50 | x |
| 2017-12-31 | $86.96 | $148.50 | x |
| 2018-12-31 | $90.63 | $148.50 | x |
| 2019-12-31 | $97.02 | $148.50 | x |
| 2020-12-31 | $99.83 | $148.50 | x |
| 2021-12-31 | $109.42 | $148.50 | x |
| 2022-12-31 | $113.33 | $148.50 | x |
| 2023-12-31 | $113.82 | $148.50 | x |
| 2024-12-31 | $117.96 | $148.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently PSP Swiss Property AG utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 6.93%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 101.85%
- • Asset Turnover: 0.04x
- • Equity Multiplier: 1.83x
- Recent ROE (6.93%) is below the historical average (7.68%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 10.00% | 56.77% | 0.09x | 1.99x | $13.50K |
| 2003 | 3.81% | 37.39% | 0.05x | 1.93x | $-96.69 Million |
| 2004 | 8.01% | 69.52% | 0.06x | 1.92x | $-45.56 Million |
| 2005 | 5.95% | 55.54% | 0.05x | 1.96x | $-97.57 Million |
| 2006 | 8.84% | 89.95% | 0.05x | 1.92x | $-29.43 Million |
| 2007 | 11.49% | 114.40% | 0.05x | 2.03x | $37.70 Million |
| 2008 | 8.66% | 56.69% | 0.07x | 2.04x | $-34.74 Million |
| 2009 | 8.43% | 58.40% | 0.07x | 1.94x | $-42.93 Million |
| 2010 | 9.54% | 61.80% | 0.08x | 1.90x | $-13.47 Million |
| 2011 | 12.36% | 65.52% | 0.10x | 1.85x | $77.10 Million |
| 2012 | 9.97% | 109.06% | 0.05x | 1.72x | $-1.26 Million |
| 2013 | 7.06% | 75.14% | 0.06x | 1.70x | $-112.93 Million |
| 2014 | 4.57% | 47.77% | 0.05x | 1.74x | $-208.73 Million |
| 2015 | 4.85% | 62.55% | 0.04x | 1.75x | $-199.32 Million |
| 2016 | 3.49% | 36.62% | 0.05x | 1.82x | $-251.81 Million |
| 2017 | 6.45% | 80.52% | 0.04x | 1.85x | $-141.45 Million |
| 2018 | 7.41% | 98.84% | 0.04x | 1.83x | $-107.54 Million |
| 2019 | 10.19% | 129.18% | 0.04x | 1.81x | $8.40 Million |
| 2020 | 6.38% | 85.17% | 0.04x | 1.89x | $-165.83 Million |
| 2021 | 11.86% | 154.64% | 0.04x | 1.83x | $93.11 Million |
| 2022 | 6.35% | 80.54% | 0.04x | 1.82x | $-189.88 Million |
| 2023 | 3.98% | 55.81% | 0.04x | 1.87x | $-314.48 Million |
| 2024 | 6.93% | 101.85% | 0.04x | 1.83x | $-166.12 Million |
Industry Comparison
This section compares PSP Swiss Property AG's net assets metrics with peer companies in the Real Estate Services industry.
Industry Context
- Industry: Real Estate Services
- Average net assets among peers: $2,059,690,269
- Average return on equity (ROE) among peers: -11.75%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| PSP Swiss Property AG (PSPSF) | $5.49 Billion | 10.00% | 0.84x | $6.77 Billion |
| Aroundtown SA (AANNF) | $15.58 Billion | 4.76% | 0.99x | $1.42 Billion |
| AAP Inc (AAPJ) | $-563.85K | 0.00% | 0.00x | $1.96 |
| Ambase Corp (ABCP) | $13.21 Million | -37.29% | 0.03x | $6.43 Million |
| Americann Inc (ACAN) | $2.28 Million | -121.35% | 1.65x | $2.44K |
| Ascendas India Trust (ACNDF) | $608.11 Million | 8.24% | 0.75x | $831.45 Million |
| Adler Group S.A (ADPPF) | $1.83 Billion | 19.44% | 0.92x | $41.80 Million |
| Agritek Holdings Inc (AGTK) | $-2.95 Million | 0.00% | 0.00x | $5.39K |
| reAlpha Tech Corp. Common Stock (AIRE) | $471.59K | 0.00% | 2.14x | $30.35 Million |
| Avalon GloboCare Corp. (ALBT) | $3.55 Million | 1.57% | 0.05x | $2.42 Million |
| Allreal (ALRHF) | $2.56 Billion | 7.14% | 1.27x | $2.39 Billion |