Report
Manuel Martin, CEFA,CREA

Aroundtown SA : Aroundtown braces for a looming recession

>Q3 2022 results overall in line –2022e guidance confirmed - Recently, Aroundtown (AT1) published Q3 2022 figures which were overall in line with our estimates and the company is on track to reach its 2022e FFO I guidance of € 350m-375m. However, as a new element in its confirmed 2022e guidance, the company qualified its dividend guidance stating that the payment of a dividend will be considered based on the market situation before the AGM invitation in Q2 2023, givin...
Underlying
Aroundtown SA

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Manuel Martin, CEFA,CREA

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