Aroundtown SA (DE:AT1) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Aroundtown SA reports a stable H1 2024 with slight dips and gains, including a net rental income of €588 million, a minor decrease from the previous year due to disposals, but with a 1% rise in Adjusted EBITDA at €502 million. The firm experienced a net loss of €330 million primarily due to property revaluations, yet shows confidence by slightly increasing its full-year guidance based on a strong performance and positive market outlook. Its financing platform was bolstered through perpetual notes and oversubscribed senior unsecured bond issuances, highlighting investor confidence in its financial strategy.
For further insights into DE:AT1 stock, check out TipRanks’ Stock Analysis page.
