Aroundtown has slightly increased the operational profits in the first quarter thanks to moderate rent increases and cost control.
The bottom line was that the Luxembourg real estate group, which is listed in the MDAX, benefited significantly from higher evaluation and sales results of the portfolio. The company confirmed the goals for the year as a whole, which an operational profit FFO I between 280 and 310 million euros or 0.26 to 0.28 euros per share. Aroundtown does not want to pay a dividend for 2024 to strengthen the balance sheet, as the group announced a few days ago.
In the first quarter, Aroundtown achieved an FFO I of 76.3 million euros compared to 76.1 million in the previous year. This was stable at EUR 0.07 per share.
The adjusted operational profit EBITDA was 251.1 million euros compared to 247.4 million.
Aroundtown increased the net real revenue by 1 percent to 295 million euros from 293.1 million, according to the information on a comparable basis, 3 percent was the information.
The income from new portfolio ratings and sales gains climbed to 203.5 million of 2.4 million in the previous year. 15 percent of the portfolio were re -evaluated in the quarter.
After taxes, Aroundtown earned 318.6 million euros, more than three times as much as the 102.3 million in the previous year. The profit was EUR 0.20 after EUR 0.04 per share.
The LTV debt reduced the company to 41 percent from 42 percent at the end of 2024.
The Aroundtown share temporarily notes 3.27 percent higher at EUR 2.78 via Xetra.
From Ulrike duration
Dow Jones
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