04:35 AM EDT, 08/19/2026 (MT Newswires) -- Berenberg believes PSP Swiss Property (PSPN.SW) is "well positioned" to achieve its full-year 2026 goals following its first-half performance. "PSP Swiss Property's (PSP) key financials for the first six months of the year, which the company released this morning, came in very close to our estimates. The print reflected solid operations overall, with the company able to maintain its defensive financial profile," according to a Tuesday note. For the six months ended June 30, the Swiss real estate company reported rental income of 174 million francs and an adjusted net profit of 149.7 million francs. The figures compared with Berenberg's respective forecasts of 173.9 million francs and 148.1 million francs. "We see PSP as being well on track to reach its FY 2026 targets, with the company aiming for adjusted EBITDA of CHF335m. While this year's adjusted EBITDA is positively distorted by the sale of Richtipark (the previous outlook for the adjusted EBITDA guidance was CHF310m), we would also expect the company's future income profile to be very predictable, with additional rents generated from the current CHF115m redevelopment pipeline of mostly centrally located offices," analysts added. Berenberg's buy rating and price target of 168 francs on the stock are unchanged.

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