Report
Manuel Martin, CEFA,CREA

Aroundtown SA : Devaluations seem to decelerate but rising financing cost will decrease FFO I in FY 2024e as broadly expected

>Yesterday´s extreme stock price volatility seems not to stem from FY 2023 results - Yesterday, after having published FY23 results, Aroundtown´s (AT1) stock price experienced a high intra-day volatility with a low of c.-10% and a high of c.+19% closing at € 1.98 representing a gain of +15.6% vs Monday´s closing price. This extreme volatility doesn´t seem to be explainable by AT1´s reported FY 2023 results and FY 2024e outlook, both overall as expected, neither by the...
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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