Aroundtown SA : Hotel properties are causing uncertainty – However, we see Aroundtown as being shielded by its significant cash position
>Final FY 2019 figures as expected – No initial FY 2020e guidance - Yesterday (26 March), Aroundtown (AT1) reported its final FY 2019 figures which confirmed the preliminary key figures released on 18 March (see table below). Management did not provide initial guidance for 2020e but proposed a DPS of € 0.28 for 2019 which was above our estimated € 0.26 and in line with consensus of € 0.28.Initial guidance for 2020e will be provided when there is more clar...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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