Free Cash Flow StrengthA large, sustained increase in free cash flow bolsters ALTAREA's ability to fund new developments, service debt, and sustain dividends without relying on equity issuance. Strong operating cash conversion provides a durable buffer through real estate cycles and supports strategic reinvestment.
Improved Capital EfficiencyImproving ROE and a higher equity ratio signal better capital allocation and a stabilization of the balance sheet after prior weakness. Manageable leverage combined with rising equity provides structural flexibility to pursue projects and absorb shocks while gradually restoring shareholder returns.
Margin RecoveryWider gross and positive EBIT margins indicate improved project selection, pricing power or cost controls that can persist beyond a single year. Sustainable margin expansion enhances earnings durability, funding for maintenance capex and providing resilience to revenue volatility in development cycles.