Aroundtown posts 2.43 billion euro loss amid German property crisis

Aroundtown SA

27/03/2024 05:50

March 27 (Reuters) - Aroundtown  AT1.DE , one of
Germany's largest listed landlords, posted a 2.436 billion euro
($2.64 billion) loss in 2023 amid Germany's worst real-estate
crisis in decades, the company reported on Wednesday.     
    The property firm's loss was down 431% from 2022, while it
met guidance for FFO I, landing at 332 million euros of the 310
to 340 million euro guidance for 2023. 

($1 = 0.9236 euros)

 (Reporting by Marleen Kaesebier and Chiara Holzhaeuser; Editing
by Kim Coghill)
 ((Marleen.Kaesebier@thomsonreuters.com;
chiara.holzhaeuser@thomsonreuters.com))