Aroundtown SA ( (DE:AT1) ) has shared an update.
Aroundtown SA reported strong financial results for the fiscal year 2024, achieving the top range of its guidance. The company recorded a net rental income of €1.18 billion, a slight decrease from the previous year due to disposals, but this was offset by a 2.9% like-for-like rental growth. Adjusted EBITDA increased by 1% to €1.01 billion, and net profit turned positive at €309 million, a significant improvement from a net loss in 2023. The company also made progress in ESG initiatives, with increased green building certifications and recognition in sustainability indices, reflecting its commitment to sustainability. Aroundtown successfully returned to the capital markets, issuing new perpetual notes and bonds, which helped strengthen its balance sheet and liquidity position.
More about Aroundtown SA
Aroundtown SA is the largest listed and highest-rated German commercial real estate company, trading on the Prime Standard of the Frankfurt Stock Exchange. The company focuses on investing in income-generating quality properties with value-add potential in central locations across top-tier European cities, primarily in Germany and the Netherlands.
YTD Price Performance: -19.35%
Average Trading Volume: 2,054,940
Technical Sentiment Signal: Buy
Current Market Cap: €2.65B
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