Strong H1 2024 Results Boost Aroundtown SA's Market Outlook and Guidance

• Aroundtown SA reported a net rental income of €588 million in H1 2024, a slight decrease from €596 million in H1 2023, with a 2.9% like-for-like rental growth.
• Adjusted EBITDA for H1 2024 was €502 million, reflecting a 1% year-over-year increase due to improved operational profitability.
• The company recorded a net loss of €330 million in H1 2024, resulting in a basic loss per share of €0.30, primarily due to negative property revaluations.
• EPRA NTA at the end of June 2024 was €7.7 billion, down from €8.1 billion at the end of December 2023.
• Aroundtown strengthened its financing platform with €1.15 billion in senior unsecured bond issuances and €240 million in signed bank debt in 2024 YTD.
• The full-year 2024 FFO I guidance was slightly increased to a range of €290-€320 million, reflecting a more positive outlook and lower-than-expected finance expenses.

The next important date, Quarterly report, at Aroundtown is on 28.08.2024.

At this time, the index MDAX was at 25.307,58PKT (+0,42 %).

Aroundtown

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-50,42 %

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-28,59 %

ISIN:LU1673108939WKN:A2DW8Z

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