ALTAREA ( (FR:ALTA) ) just unveiled an update.
Altarea’s 2024 annual results show a steady performance aligned with its strategic roadmap, with revenue increasing by 2.1% and funds from operations (FFO) rising by 25.7%. The company is poised for future growth, expecting earnings to improve from 2026 onwards, driven by a recovering residential sector and strong retail performance. Altarea is also expanding into new markets, such as photovoltaics and data centers, without increasing its debt, indicating a strategic reallocation of resources and a focus on maintaining a solid balance sheet.
More about ALTAREA
Altarea is a company operating in the real estate industry, primarily focusing on retail real estate investment trusts (REITs), residential property development, and new business ventures such as photovoltaics and data centers. The company is known for its comprehensive approach to real estate, targeting markets with high technical or administrative barriers.
YTD Price Performance: 13.21%
Average Trading Volume: 1,660
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €2.35B
Learn more about ALTA stock on TipRanks’ Stock Analysis page.