Peach Property Group AG announced earnings results for the year 2017. For the year, the company reported earnings after taxes almost quadrupled during the past fiscal year to CHF 41.9 million, up from CHF 11.6 in 2016. Pre-tax earnings improved to CHF 51.5 million and thus also significantly exceeded the previous year's earnings of CHF 17.0 million. This increase is in particular due to the substantial expansion of the investment portfolio, the tenant centred and value-adding asset management as well as higher rental income and rental success. In addition, one-off factors, in particular currency translation gains in the amount of more than CHF 7 million also had a positive impact on earnings. Diluted FFO per share in 2017 totaled CHF 0.74 compared to negative diluted FFO per share of CHF 5.27 in the previous year. Target rental income in the past fiscal year up strongly by 83% to CHF 16.3 million due to portfolio expansion and lower vacancies.

The company provided earnings guidance for the year 2018. The company has confirmed the positive outlook for 2018 and is anticipating its dynamic growth to continue in the current fiscal year. Rental income will increase significantly in 2018 as a result of the full-year contribution of the properties acquired in 2017. The share of the development portfolio will continue to decrease in 2018 in line with the group's strategy. Most prominently, the development project ‘Wollerau Park' by Zurich will be completed in 2018 and the units sold will be handed over to its purchasers.