Aroundtown SA

Aroundtown Property Holdings Plc (Co.) is a specialist real estate investment group, focusing in the German real estate markets. Co. covers the main real estate segments which benefit from strong fundamentals and growth prospects: residential (through its holding in Grand City Properties S.A.), commercial and hotel properties. The Co.'s vision is buying, redeveloping, turning around and optimizing real estate properties in Germany.
  • TickerA2DW8Z
  • ISINLU1673108939
  • SectorReal Estate Investment & Services
  • CountryLuxembourg

Analysts

Expert Corporate Governance Service (ECGS)

Aroundt June, 26 2019

ECGS notes that there is a lack of transparency concerning the biographical details of the members of the Board since there is no information in the 2018 Annual Report. Under ITEMS 7 to 11, the Company seeks shareholder approval to re-appoint all the members of the Board. Given the insufficient independent members (40%), ECGS recommends to OPPOSE to the re-appointments of Frank Roseen, Oschrie Massatschi and Jelena Afxentiou. Under ITEM13, the Board of Directors anticipates that shareholders will have the choice of receiving the dividend either in cash or in the form of new shares in the Com...

Manuel Martin

Aroundtown Property Holdings Plc : Valuation gains momentum fading in 2019?

>Q1 2019 results overall in line with expectations - Today (29 May) Aroundtown (AT1) published its Q1 2019 results, which were overall in line with our expectations. While revenues came in slightly below our estimate, FFO I was a touch above our estimate due to an improved cost structure. Capital gains and property revaluations, while significant, were down 1e30.8% yoy to € 239.9m and fell short of our € 308.2m estimate. Group FFO I after perpetual notes cost increased...

Manuel Martin

Aroundtown Property Holdings Plc : Valuation gains momentum fading in 2019?

>Q1 2019 results overall in line with expectations - Today (29 May) Aroundtown (AT1) published its Q1 2019 results, which were overall in line with our expectations. While revenues came in slightly below our estimate, FFO I was a touch above our estimate due to an improved cost structure. Capital gains and property revaluations, while significant, were down 1e30.8% yoy to € 239.9m and fell short of our € 308.2m estimate. Group FFO I after perpetual notes cost increased...

Manuel Martin ...
  • Thomas Effler

Aroundtown Property Holdings Plc : Mixed 2018 results – entry into eastern Europe might increase risk

>Full-year 2018 results: strong valuation gains but FFO I somewhat soft - Yesterday (28 March), Aroundtown (AT1) published its full-year results for 2018. Strong revaluation gains of € 1,536.4m (+15.8% yoy and c.12% FV uplift) matched our € 1,543.1m estimate, but FFO I was a bit soft. After perpetual notes costs, FFO I rose 36.1% yoy to € 359.6m, or FFO I p/s of € 0.34 (up only +6.3% yoy due to a higher number of shares), missing our estimate of € 0.38 and FactSet con...

Manuel Martin ...
  • Thomas Effler

Aroundtown Property Holdings Plc : Feedback from 13th ODDO BHF GERMAN CONFERENCE

>New elements - Aroundtown (AT1) reiterated its successful strategy of investing in undermanaged commercial properties and hotels and extracting value from its portfolio by turning these assets around.The company again underlined its multi-asset management approach covering the commercial real estate classes office, hotel, logistics and retail as well as maintaining exposure to the attractive German residential real estate through its strategic stake in Grand Cit...

Manuel Martin ...
  • Thomas Effler

Aroundtown Property Holdings Plc : Solid Q3 results – acquisitions and valuation gains continue

>Better-than-expected revaluation gains – FFO I in line - Today (28 November), Aroundtown (AT1) published solid Q3 2018 results with better-than-expected revaluation gains and FFO I in line with our estimates and consensus. Reflecting AT1’s portfolio expansion from € 8.4bn in Q3 2017 to € 13.2bn in Q3 2018, revenue increased 37.7% yoy to € 192.2m, slightly above our estimate of € 188.0m. Revaluation gains of € 345.0m (c.2.6% of portfolio value) and exceeded our € 249....

Alex Koagne ...
  • Benoit Valleaux
  • Jean Sassus
  • Jean-Baptiste Rouphael
  • Manuel Martin
  • Sven Edelfelt
  • Thomas Effler
  • Valentin Pernet
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 11/29/2018

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Alex Koagne ...
  • Benoit Valleaux
  • Jean Sassus
  • Jean-Baptiste Rouphael
  • Manuel Martin
  • Sven Edelfelt
  • Thomas Effler
  • Valentin Pernet
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 29/11/2018

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AROUNDTOWN sees an upgrade to Positive due to a better fundamental star rating

The general evaluation of AROUNDTOWN (DE), a company active in the Real Estate Holding & Development industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 3 out of 4 possible stars while its market behaviour can be considered as defensive. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Positive. As of the analysis date May 7, 2019, the closing price was EUR 7.33 and its potential was estimated at EUR 8.02.

AROUNDTOWN reduced its risk exposure resulting in an upgrade to Slightly Positive

AROUNDTOWN (FR), a company active in the Real Estate Holding & Development industry, reduced its market risk and raised its general evaluation. The independent financial analyst theScreener awarded an improved star rating to the company, which now shows 3 out of 4 possible stars; its market behaviour has improved and can be considered as defensive. theScreener believes that this new assessment merits an overall rating upgrade to Slightly Positive. As of the analysis date September 15, 2017, the closing price was EUR 5.90 and its potential was estimated at EUR 6.20.

Expert Corporate Governance Service (ECGS)

Aroundt June, 26 2019

ECGS notes that there is a lack of transparency concerning the biographical details of the members of the Board since there is no information in the 2018 Annual Report. Under ITEMS 7 to 11, the Company seeks shareholder approval to re-appoint all the members of the Board. Given the insufficient independent members (40%), ECGS recommends to OPPOSE to the re-appointments of Frank Roseen, Oschrie Massatschi and Jelena Afxentiou. Under ITEM13, the Board of Directors anticipates that shareholders will have the choice of receiving the dividend either in cash or in the form of new shares in the Com...

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