PSP Swiss Property AG (PSPN) - Net Assets

Latest as of December 2025: CHF5.64 Billion CHF ≈ $7.14 Billion USD

Based on the latest financial reports, PSP Swiss Property AG (PSPN) has net assets worth CHF5.64 Billion CHF (≈ $7.14 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CHF10.18 Billion ≈ $12.87 Billion USD) and total liabilities (CHF4.53 Billion ≈ $5.73 Billion USD). 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. Also explore PSP Swiss Property AG balance sheet assets for the complete picture of this company's asset base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CHF5.64 Billion
% of Total Assets	55.46%
Annual Growth Rate	5.86%
5-Year Change	12.47%
10-Year Change	45.99%
Growth Volatility	9.24

PSP Swiss Property AG - Net Assets Trend (2002–2025)

This chart illustrates how PSP Swiss Property AG's net assets have evolved over time, based on quarterly financial data. For live valuation and market cap data, see PSP Swiss Property AG stock valuation.

Annual Net Assets for PSP Swiss Property AG (2002–2025)

The table below shows the annual net assets of PSP Swiss Property AG from 2002 to 2025. Explore how efficiently does PSP Swiss Property AG generate cash to assess how effectively this company generates cash.

Year	Net Assets	Change
2025-12-31	CHF5.64 Billion ≈ $7.14 Billion	+4.33%
2024-12-31	CHF5.41 Billion ≈ $6.84 Billion	+3.64%
2023-12-31	CHF5.22 Billion ≈ $6.60 Billion	+0.43%
2022-12-31	CHF5.20 Billion ≈ $6.57 Billion	+3.57%
2021-12-31	CHF5.02 Billion ≈ $6.35 Billion	+9.61%
2020-12-31	CHF4.58 Billion ≈ $5.79 Billion	+2.90%
2019-12-31	CHF4.45 Billion ≈ $5.63 Billion	+7.06%
2018-12-31	CHF4.16 Billion ≈ $5.26 Billion	+4.22%
2017-12-31	CHF3.99 Billion ≈ $5.04 Billion	+3.15%
2016-12-31	CHF3.87 Billion ≈ $4.89 Billion	-0.10%
2015-12-31	CHF3.87 Billion ≈ $4.89 Billion	+0.77%
2014-12-31	CHF3.84 Billion ≈ $4.86 Billion	+0.04%
2013-12-31	CHF3.84 Billion ≈ $4.85 Billion	+3.79%
2012-12-31	CHF3.70 Billion ≈ $4.68 Billion	+13.16%
2011-12-31	CHF3.27 Billion ≈ $4.13 Billion	+11.08%
2010-12-31	CHF2.94 Billion ≈ $3.72 Billion	+7.35%
2009-12-31	CHF2.74 Billion ≈ $3.47 Billion	+5.94%
2008-12-31	CHF2.59 Billion ≈ $3.27 Billion	+2.09%
2007-12-31	CHF2.53 Billion ≈ $3.20 Billion	-0.48%
2006-12-31	CHF2.55 Billion ≈ $3.22 Billion	+5.75%
2005-12-31	CHF2.41 Billion ≈ $3.05 Billion	+5.40%
2004-12-31	CHF2.29 Billion ≈ $2.89 Billion	+46.39%
2003-12-31	CHF1.56 Billion ≈ $1.97 Billion	+2.37%
2002-12-31	CHF1.52 Billion ≈ $1.93 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 1171.7% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	CHF5.13 Billion	90.83%
Common Stock	CHF4.59 Million	0.08%
Other Comprehensive Income	CHF512.78 Million	9.08%
Total Equity	CHF5.64 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
FirstCash Inc NASDAQ:FCFS	$7.36 Billion
Simpson Manufacturing Company Inc NYSE:SSD	$7.36 Billion
Valley National Bancorp NASDAQ:VLY	$7.36 Billion
Aurubis AG XETRA:NDA	$7.37 Billion
Timken Company NYSE:TKR	$7.35 Billion
The Mosaic Company NYSE:MOS	$7.35 Billion
Stonex Group Inc NASDAQ:SNEX	$7.34 Billion
thyssenkrupp AG XETRA:TKA	$7.34 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 2024 to 2025, total equity changed from 5,410,720,000 to 5,644,929,000, a change of 234,209,000 (4.3%).
Net income of 408,473,000 contributed positively to equity growth.
Dividend payments of 178,865,000 reduced retained earnings.
Share repurchases of 825,000 reduced equity.
Other comprehensive income increased equity by 4,622,001.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CHF408.47 Million	+7.24%
Dividends Paid	CHF178.87 Million	-3.17%
Share Repurchases	CHF825.00K	-0.01%
Other Comprehensive Income	CHF4.62 Million	+0.08%
Other Changes	CHF804.00K	+0.01%
Total Change	CHF-	4.33%

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: 1.27x
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 3.09x to 1.27x 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	CHF50.44	CHF156.10	x
2003-12-31	CHF51.54	CHF156.10	x
2004-12-31	CHF56.11	CHF156.10	x
2005-12-31	CHF53.93	CHF156.10	x
2006-12-31	CHF55.94	CHF156.10	x
2007-12-31	CHF58.41	CHF156.10	x
2008-12-31	CHF61.13	CHF156.10	x
2009-12-31	CHF65.54	CHF156.10	x
2010-12-31	CHF69.39	CHF156.10	x
2011-12-31	CHF76.06	CHF156.10	x
2012-12-31	CHF82.43	CHF156.10	x
2013-12-31	CHF83.70	CHF156.10	x
2014-12-31	CHF83.74	CHF156.10	x
2015-12-31	CHF84.38	CHF156.10	x
2016-12-31	CHF84.30	CHF156.10	x
2017-12-31	CHF86.96	CHF156.10	x
2018-12-31	CHF90.63	CHF156.10	x
2019-12-31	CHF97.02	CHF156.10	x
2020-12-31	CHF99.83	CHF156.10	x
2021-12-31	CHF109.42	CHF156.10	x
2022-12-31	CHF113.33	CHF156.10	x
2023-12-31	CHF113.82	CHF156.10	x
2024-12-31	CHF117.96	CHF156.10	x
2025-12-31	CHF123.07	CHF156.10	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): 7.24%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 108.72%
• Asset Turnover: 0.04x
• Equity Multiplier: 1.80x
Recent ROE (7.24%) is below the historical average (7.66%), 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	CHF13.50K
2003	3.81%	37.39%	0.05x	1.93x	CHF-96.69 Million
2004	8.01%	69.52%	0.06x	1.92x	CHF-45.56 Million
2005	5.95%	55.54%	0.05x	1.96x	CHF-97.57 Million
2006	8.84%	89.95%	0.05x	1.92x	CHF-29.43 Million
2007	11.49%	114.40%	0.05x	2.03x	CHF37.70 Million
2008	8.66%	56.69%	0.07x	2.04x	CHF-34.74 Million
2009	8.43%	58.40%	0.07x	1.94x	CHF-42.93 Million
2010	9.54%	61.80%	0.08x	1.90x	CHF-13.47 Million
2011	12.36%	65.52%	0.10x	1.85x	CHF77.10 Million
2012	9.97%	109.06%	0.05x	1.72x	CHF-1.26 Million
2013	7.06%	75.14%	0.06x	1.70x	CHF-112.93 Million
2014	4.57%	47.77%	0.05x	1.74x	CHF-208.73 Million
2015	4.85%	62.55%	0.04x	1.75x	CHF-199.32 Million
2016	3.49%	36.62%	0.05x	1.82x	CHF-251.81 Million
2017	6.45%	80.52%	0.04x	1.85x	CHF-141.45 Million
2018	7.41%	98.84%	0.04x	1.83x	CHF-107.54 Million
2019	10.19%	129.18%	0.04x	1.81x	CHF8.40 Million
2020	6.38%	85.17%	0.04x	1.89x	CHF-165.83 Million
2021	11.86%	154.64%	0.04x	1.83x	CHF93.11 Million
2022	6.35%	80.54%	0.04x	1.82x	CHF-189.88 Million
2023	3.98%	55.68%	0.04x	1.87x	CHF-314.48 Million
2024	6.93%	101.85%	0.04x	1.83x	CHF-166.12 Million
2025	7.24%	108.72%	0.04x	1.80x	CHF-156.02 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: $826,060,359
Average return on equity (ROE) among peers: 9.12%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
PSP Swiss Property AG (PSPN)	CHF5.64 Billion	10.00%	0.80x	$7.35 Billion
Allreal Holding (ALLN)	$2.64 Billion	8.00%	1.23x	$3.78 Billion
CI Com SA (CIE)	$-1.83 Million	0.00%	0.00x	$2.57K
EPIC Suisse AG (EPIC)	$486.40 Million	12.53%	1.75x	$1.01 Billion
Fundamenta Real Estate AG (FREN)	$498.45 Million	1.67%	1.44x	$640.92 Million
Investis Holding SA (IREN)	$1.34 Billion	18.40%	0.55x	$1.96 Billion
Intershop Holding AG (ISN)	$809.74 Million	17.81%	0.76x	$1.57 Billion
Mobimo Hldg (MOBN)	$1.24 Billion	6.57%	1.18x	$2.85 Billion
Peach Property Group AG (PEAN)	$92.83 Million	10.06%	2.47x	$321.55 Million
SF Urban Properties AG (SFPN)	$327.39 Million	7.01%	1.15x	$348.54 Million

About PSP Swiss Property AG

SW:PSPN Switzerland Real Estate Services

Market Cap

$9.05 Billion

CHF7.16 Billion CHF

Market Cap Rank

#2764 Global

#43 in Switzerland

Share Price

CHF156.10

Change (1 day)

+0.71%

52-Week Range

CHF132.30 - CHF166.90

All Time High

CHF166.90