Aroundtown drops after posting 9-month results
** Shares in Aroundtown AT1.DE are down around 7% after the property group published its 9-month results ** Results "did not contain any big surprise" and were "a bit below our estimates", ODDO BHF analyst Manuel Martin says ** The market expected "a bit higher" funds from operations (FFO I), which is a key performance metric used by real estate companies, Martin says, but adds the share price drop "seems to be exaggerated" ** If losses hold, shares will see their worst day since April (Reporting by Emanuele Berro and Marleen Kaesebier) ((Emanuele.berro@thomsonreuters.com))
Recent news on Aroundtown SA
See all newsAroundtown, GCP shares rise on LEG Immobilien investment
Aroundtown SA Aroundtown significantly increases its share in German Residential Real Estate through GCP’s financial investment in LEG Immobilien SE
Aroundtown SA Aroundtown SA significantly increases its share in German Residential Real Estate through GCP’s financial investment in LEG Immobilien SE
Brief: Aroundtown Says Increases Share In German Residential Real Estate Via GCP's Investment In Leg Immobilien
Europe Research Roundup: DSM-Firmenich, Merck, Orsted