Aroundtown SA : FY 2023 results overall in line but suspending dividend for 2023– FFO I guidance for 2024e within expectations
>Initial FFO I 2024e outlook within expectations - Aroundtown (AT1) this morning reported FY 2023 figures which were overall in line with our estimates but announced that it is to suspend the dividend for 2023. Management issued initial FY 2024e FFO I guidance of € 280m-310m (-16% to -7% y-o-y) with our estimate of € 305.1m and the consensus forecast of € 287.6m is being within the guidance. Net rental income slightly decreased by -0.6% y-o-y to € 1,192.8m which ...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.