Aroundtown

Aroundtown reports nearly stable rental income of €591m for the first half (like-for-like +2.7%) and adjusted EBITDA of €500m. FFO1 fell 4% to €144m (€0.13 per share); profit after tax dropped to €218m from €578m a year earlier, mainly due to a portfolio revaluation. Sales of €350m were completed; the outlook remains for FFO1 of €275–305m. The stake in Grand City Properties stands at 83% and is planned to rise to just under 90%. » Más en finanzen.net

Private bank Berenberg confirms its rating on Aroundtown at "Hold" and names a price target of 4 euros. The half-year figures were slightly above expectations, and Berenberg highlights the new dividend policy. » Más en finanzen.net

Aroundtown reports nearly steady rental income for the first half at €591 million (+2.7% on a like-for-like basis) and an adjusted EBITDA of €500 million. FFO1 fell 4% to €144 million (€0.13 per share); consolidated net income declined to €218 million from €578 million a year earlier, in part due to a revaluation of the portfolio. Sales totalling €350 million were completed; the company currently holds 83% of Grand City Properties and is targeting a stake just under 90%. For the current year Aroundtown confirms its FFO1 guidance of €275–305 million. » Más en finanzen.net