Aroundtown ( ETR:AT1 ) Full Year 2023 Results Key Financial Results Revenue: €1.45b (down 10% from FY 2022). Net loss...
(Reuters) -Aroundtown, one of Germany's largest listed landlords, on Wednesday reported a 2.436 billion euro ($2.64 billion) loss for 2023 and said the value of its property portfolio could shrink further, reflecting the country's real-estate crisis. After boom years driven by low interest rates, inflation and higher borrowing costs have hit the property market hard. Germany's largest property company Vonovia this month reported a record loss of more than 6 billion euros for 2023.
Key Insights Aroundtown's significant private companies ownership suggests that the key decisions are influenced by...