DGAP-News
Aroundtown Property Holdings Plc. PRESENT HIGH GROWTH AND INCREASED PROFITS FOR THE FIRST 9 MONTHS OF 2015
Aroundtown Property Holdings Plc. / Key word(s): 9-month figures/Real Estate
25.11.2015 06:29
Dissemination of a Corporate News, transmitted by DGAP - a service of EQS
Group AG.
The issuer / publisher is solely responsible for the content of this announcement.
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THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY
OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN OR
ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF
APPLICABLE LAWS OR REGULATIONS
AROUNDTOWN PROPERTY HOLDINGS PLC PRESENT HIGH GROWTH AND INCREASED PROFITS
FOR THE FIRST 9 MONTHS OF 2015
- EBITDA of EUR 836.5 million, up 209% YOY
- Net profit rose by 228% to EUR 751.3 million YOY
- Rental and operating income at EUR 80.7 million, up by 353% from
1-9/2014 pro-forma rental income
- Adj. EBITDA increased to EUR 103 million, up 148% YOY
- FFO I increased to EUR 64.3 million, up 149% YOY
- FFO I per share increased to EUR 0.12, up by 133% YOY
- Basic Earnings per share rose to EUR 1.08, Diluted Earnings per share
at EUR 0.9
- Total assets at EUR 3.75 billion; Total Group asset (including GCP
assets) grew to EUR 7.3 billion
- EPRA NAV grew to EUR 2.85 billion
- Strong acquisition firepower with EUR 306 million cash and liquid
assets
- Conservative capital structure with an LTV of 29.6% (12.3% assuming
conversion of the convertible bonds), an equity ratio of 60.3% (74.9%
assuming conversion) and Interest Coverage Ratio of 5.5x
- Dual listing on Frankfurt Stock Exchange (FSE, Xetra) in November 2015,
further boosting visibility and supporting liquidity going forward
25 November 2015.
Growth momentum maintained, operational improvements driven forward
Aroundtown Property Holding PLC (ATP) continued to materialize the
potential of its deal pipeline through numerous acquisitions made over the
third quarter. Total assets rose by 118% from year-end 2014 to EUR 3.75
billion at the end of September 2015. The Company's external growth
combined with steady successful operational developments led to a strong
rise in the cash flow generation of the portfolio. The portfolio's monthly
annualized FFO I run rate (12*October 2015), reflecting its current state
without accounting for any further operational or financial improvements,
amounts to EUR 111 million.
The full Q3 2015 interim report is available on the Company's website:
www.aroundtownholdings.com/downloads.html
About the Company
OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN OR
ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF
APPLICABLE LAWS OR REGULATIONS
AROUNDTOWN PROPERTY HOLDINGS PLC PRESENT HIGH GROWTH AND INCREASED PROFITS
FOR THE FIRST 9 MONTHS OF 2015
- EBITDA of EUR 836.5 million, up 209% YOY
- Net profit rose by 228% to EUR 751.3 million YOY
- Rental and operating income at EUR 80.7 million, up by 353% from
1-9/2014 pro-forma rental income
- Adj. EBITDA increased to EUR 103 million, up 148% YOY
- FFO I increased to EUR 64.3 million, up 149% YOY
- FFO I per share increased to EUR 0.12, up by 133% YOY
- Basic Earnings per share rose to EUR 1.08, Diluted Earnings per share
at EUR 0.9
- Total assets at EUR 3.75 billion; Total Group asset (including GCP
assets) grew to EUR 7.3 billion
- EPRA NAV grew to EUR 2.85 billion
- Strong acquisition firepower with EUR 306 million cash and liquid
assets
- Conservative capital structure with an LTV of 29.6% (12.3% assuming
conversion of the convertible bonds), an equity ratio of 60.3% (74.9%
assuming conversion) and Interest Coverage Ratio of 5.5x
- Dual listing on Frankfurt Stock Exchange (FSE, Xetra) in November 2015,
further boosting visibility and supporting liquidity going forward
25 November 2015.
Growth momentum maintained, operational improvements driven forward
Aroundtown Property Holding PLC (ATP) continued to materialize the
potential of its deal pipeline through numerous acquisitions made over the
third quarter. Total assets rose by 118% from year-end 2014 to EUR 3.75
billion at the end of September 2015. The Company's external growth
combined with steady successful operational developments led to a strong
rise in the cash flow generation of the portfolio. The portfolio's monthly
annualized FFO I run rate (12*October 2015), reflecting its current state
without accounting for any further operational or financial improvements,
amounts to EUR 111 million.
The full Q3 2015 interim report is available on the Company's website:
www.aroundtownholdings.com/downloads.html
About the Company