Swiss real estate group Epic Suisse reported a 4.0% year-on-year increase in rental income to CHF34.7 million for the first half of 2026, driven by higher occupancy and new leases.
The company’s in-service vacancy rate stood at 9.4%, primarily reflecting the inclusion of two newly transferred development projects—Pulse and Campus Leman, Building C. Excluding these assets, the vacancy rate was 2.9%, down from 3.4% at year-end 2025. Occupancy rates for the two projects are improving, with the final floor of Campus Leman expected to be leased imminently and 41% of Pulse’s annual target rental income of CHF7.5 million already secured.
Valuation and sales gains contributed to a CHF13.8 million revaluation gain, while the sale of the Vennes III property in Lausanne in May 2026 generated CHF51.1 million in proceeds and a pre-tax realized gain of CHF9.4 million. The group’s total portfolio value declined 0.6% to CHF1.67 billion at mid-year from CHF1.68 billion at the end of 2025, though stripping out the Vennes III disposal showed a 1.4% increase.
EBITDA including revaluations rose 26.6% to CHF51.4 million, while net profit surged 32.7% to CHF39.8 million. Adjusted for revaluation effects and other items such as currency movements, net profit increased 7.3% to CHF22.0 million.
Epic Suisse raised its full-year 2026 rental income growth guidance to 1.5% from a prior 1.0%, citing steady leasing momentum despite prolonged tenant decision cycles.
