Added to YB: 2026-06-01
Pitch date: 2026-05-28
AT1.DE [neutral]
Aroundtown SA
Author Info
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Company Info
Aroundtown SA, together with its subsidiaries, operates as a real estate company in Germany, the Netherlands, the United Kingdom, Belgium, and internationally.
Market Cap
EUR 2.6B
Pitch Price
N/A
Price Target
N/A
Dividend
3.14%
EV/EBITDA
17.65
P/E
5.52
EV/Sales
10.79
Sector
Real Estate Management and Development
Category
value
Aroundtown (AT1 Germany): steady operations
AT1.DE (earnings): Q1 net rental income €296.7m (+1%), LFL rent +3%, vacancy 7.5%. Adj EBITDA €250.2m flat; FFO I €70.2m (-8% YoY) but FFO/share stable €0.07 on buyback. EPRA NTA €8.00. IFRS LTV 42%, net debt/EBITDA 11.1x, ICR 3.4x. FY FFO I guide raised €275-305m. €250m buyback 90%+ done at ~70% discount. Watch financing costs, Q2 revaluations.
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