Aroundtown SA Shows Strong Performance Despite Price Target Adjustment

A recent research update by First Berlin Equity Research on Aroundtown SA (ISIN: LU1673108939) has affirmed a 'Buy' rating for the company. However, the price target has been slightly decreased from EUR 4.20 to EUR 4.00. Analyst Ellis Acklin commended the company's strong operational performance in the final quarter of 2024, which helped to return to profitability after two years of net losses.

The improved bottom line was bolstered by a positive property valuation result of €466 million and strong performances in its residential and hotel asset classes, which achieved LFL rental growth of 4.4% and 2.9%, respectively. For 2025, Aroundtown SA projects an FFO ranging from €280 million to €310 million, continuing to leverage operational efficiencies to mitigate the impact of rising financing costs.