Landlord Aroundtown falls as Q1 results fail to cheer market

Aroundtown SA

29/05/2024 09:23

** Shares in Aroundtown  AT1.DE  fall 4.3%, amid weak sector
sentiment, after the German property firm's Q1 results came in
broadly as expected
        ** "In a slightly weaker sector sentiment today the
stock is giving back part of its 4% gain yesterday", Manuel
Martin from Oddo BHF says 
    ** Aroundtown's results were broadly as expected and did not
contain any new triggers to push the stock to the upside, he
adds
        ** Berenberg says Q1 results were "slightly" above its
own estimates: rental income of 293.1 million euros (Berenberg:
285.2 million euros), adjusted EBITDA of 247.4 million
euros(Berenberg: 233.4 million euros)
    ** The stock has dropped 15.07% YTD

 (Reporting by Mateusz Dobrzyniewski)
 ((Mateusz.dobrzyniewski@thomsonreuters.com))