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An announcement from Phoenix Spree Deutschland Ltd ( (GB:PSDL) ) is now available.
Phoenix Spree Deutschland Limited reported its financial results for the year ending December 2024, highlighting a strategic shift towards accelerating condominium sales and reducing debt. The company completed significant property sales and amended debt terms to facilitate increased condominium sales, aiming to enhance shareholder value. Despite a challenging market, the company achieved a modest increase in portfolio valuation and reduced its net loan-to-value ratio. The company plans to continue its strategy of managed portfolio realization, focusing on condominium sales, and is optimistic about achieving its sales targets for 2025.
More about Phoenix Spree Deutschland Ltd
Phoenix Spree Deutschland Limited is a UK-listed investment company specializing in Berlin residential real estate. The company focuses on the acquisition and management of residential properties, primarily condominiums, in Berlin, with a strategy to accelerate condominium sales and reduce debt.
YTD Price Performance: -3.40%
Average Trading Volume: 36,379
Technical Sentiment Signal: Buy
Current Market Cap: £150.1M
For detailed information about PSDL stock, go to TipRanks’ Stock Analysis page.