Aroundtown Property Holdings Plc : Solid Q3 results – acquisitions and valuation gains continue
>Better-than-expected revaluation gains – FFO I in line - Today (28 November), Aroundtown (AT1) published solid Q3 2018 results with better-than-expected revaluation gains and FFO I in line with our estimates and consensus. Reflecting AT1’s portfolio expansion from € 8.4bn in Q3 2017 to € 13.2bn in Q3 2018, revenue increased 37.7% yoy to € 192.2m, slightly above our estimate of € 188.0m. Revaluation gains of € 345.0m (c.2.6% of portfolio value) and exceeded our € 249....Aroundtown Property Holdings Plc (Co.) is a specialist real estate investment group, focusing in the German real estate markets. Co. covers the main real estate segments which benefit from strong fundamentals and growth prospects: residential (through its holding in Grand City Properties S.A.), commercial and hotel properties. The Co.'s vision is buying, redeveloping, turning around and optimizing real estate properties in Germany.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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