风险回报更新：PSP Swiss Property | 欧洲

研报英文原文证据摘录

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M

Update

August 18, 2026 03:35 PM GMT

PSP Swiss Property | Europe

Morgan Stanley & Co. International plc+

Bart Gysens, CFA

Equity Analyst

Risk Reward Update

PSP Swiss Property (PSPN.S, PSPN SE)

What’s Changed

Property | Switzerland

Updated Components

Stock Rating

Industry View

Price target

Shr price, close (Aug 17, 2026)

52-Week Range

EPS

Risk Reward for PSP Swiss Property (PSPN.S) has been updated

Fiscal Year Ending

Reason for change

We update estimates after 1H26 results. We increase EPS estimates by 4-6% largely

driven by deferred tax releases. We make no meaningful change to rental growth or

other fundamentally significant assumptions.

EPS (SFr)**

Prior EPS (SFr)**

Underweight

Attractive

SFr 125.00

SFr 142.30

SFr 168.40- 131.60

12/25 12/26e 12/27e 12/28e

4.91

5.13

4.84

5.23

4.97

5.25

5.04

Unless otherwise noted, all metrics are based on Morgan Stanley ModelWare

framework

** = Based on consensus methodology

e = Morgan Stanley Research estimates

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