Aroundtown SA (DE:AT1) has released an update.
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.
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