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    AT1   LU1673108939

AROUNDTOWN SA

(AT1)
  Report
Delayed Xetra  -  11:41 2022-07-05 am EDT
2.804 EUR   -1.72%
07/04AROUNDTOWN : UBS gives a Neutral rating
MD
07/04AROUNDTOWN SA : Release of a capital market information
EQ
07/04AROUNDTOWN SA : Release of a capital market information
EQ
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Aroundtown : Q1 2022 Interim Consolidated Report

05/26/2022 | 08:26am EDT

AROUNDTOWN S A

INTERIM CONSOLIDATED REPORT

FOR THE THREE-MONTH PERIOD ENDED MARCH 31, 2022

Berlin

FRANKFURT HBF& CBD

Frankfurt

Büro Center (FBC)

Mainzer Landstraße

43k sqmFrankfurt Stadtmitte Bleichstraße

9k sqm

Banking District

FRANKFURT HBF & CBD

APPROX. 200,000 SQM LETTABLE SPACE

IN FRANKFURT'S PRIME CENTERS, MAIN CENTRAL TRAIN

STATION AND BANKING DISTRICT

Frankfurt HBF

Frankfurt Office Campus

Intercontinental Frankfurt

Wilhelm-Leuschner Strasse

Stuttgarter Straße

Gutleutstraße

28k sqm

9k sqm

88k sqm

Frankfurt Hauptbahnhof

(Central Train Station)

Frankfurt HBF

Hafenstraße

20k sqm

CONTENT

BOARD OF DIRECTORS´REPORT

INTERIM CONSOLIDATED FINANCIAL STATEMENTS

THE BUSINESS & OPERATIONS

INTERIM CONSOLIDATED FINANCIAL STATEMENTS

Key Financials

2

Interim consolidated statement of profit or loss

42

Aroundtown

4

Interim consolidated statement of other comprehensive income

43

Key Achievements

6

Interim consolidated statement of financial position

44

Aroundtown's Quality Portfolio

8

Interim consolidated statement of changes in equity

46

Capital Markets

19

Interim consolidated statement of cash flows

48

MANAGEMENT DISCUSSION AND ANALYSIS

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS

Notes on Business Performance

20

Notes to the interim consolidated financial statements

50

Alternative Performance Measures

36

Responsibility Statement & Disclaimer

41

FINANCIAL POSITION HIGHLIGHTS KEY FINANCIALS

in € millions unless otherwise indicated

Mar 2022

Dec 2021

Total Assets

38,602.1

39,383.1

Total Equity

18,995.9

19,156.4

Investment property

28,901.7

29,115.9

Investment property of assets held for sale

1,259.4

1,009.3

Cash and liquid assets 1)

2,169.3

3,244.1

Total financial debt 2)

14,856.6

15,588.2

Unencumbered assets ratio 3)

85%

83%

Equity Ratio

49%

49%

Loan-to-Value

40%

39%

  1. including cash and liquid assets under held for sale
  2. including financial debt under held for sale
  3. by rent

NET ASSET VALUE

in € millions unless otherwise indicated

EPRA NRV

EPRA NTA

EPRA NDV

Mar 2022

13,024.6

11,364.1

9,070.1

Mar 2022 per share (in €)

11.8

10.3

8.2

Per share growth

3%

1%

9%

Dec 2021

13,057.5

11,564.0

8,462.5

Dec 2021 per share (in €)

11.5

10.2

7.5

in € millions unless otherwise indicated

1-3/2022

Change

1-3/2021

Revenue

393.7

43%

274.9

Net rental income

308.8

32%

233.3

Adjusted EBITDA 1)

258.2

12%

230.4

FFO I before extraordinary Covid adjustment 1)

119.3

(4%)

124.6

FFO I per share before extraordinary

0.106

1%

0.105

Covid adjustment (in €) 1)

FFO I 1) 2)

89.3

3%

86.6

FFO I per share (in €) 1) 2)

0.080

10%

0.073

FFO II 2)

142.8

(39%)

233.3

ICR 3)

5.3x

0.7x

4.6x

Profit for the period

124.5

(15%)

146.3

EPS (basic) (in €)

0.06

(33%)

0.09

EPS (diluted) (in €)

0.06

(33%)

0.09

  1. including AT's share in companies which AT has significant influence, excluding the contributions from assets held for sale
  2. including extraordinary expenses for uncollected rent due to the Covid pandemic (€30 million in Q1 2022, €38 million in Q1 2021)
  3. reclassified during Q4 2021 to exclude the contributions from joint venture positions

2

|

AROUNDTOWN

SA |

BOARD

OF

DIRECTORS'

REPORT

BERLIN ALEXANDERPLATZ

Alexanderplatz

Karl-Liebknecht-Straße

24k sqm

Berlin TV Tower

Hackescher Market

Münzstraße & Max-Beer-Straße

2k sqm

Hackescher Market

Dircksenstrasse

9k sqm

Alexanderplatz

Alexanderplatz

BERLIN

Karl-Liebknecht-Straße

ALEXANDERPLATZ

34k sqm

Alexanderplatz

AT HAS OVER

140,000 SQM

6k sqm

Karl-Liebknecht-Straße

LETTABLE SPACE IN

Alexanderplatz

THE PRIME COMMERCIAL

Alexanderstraße

AND TOURIST CENTER

55k sqm

ALEXANDERPLATZ

Alexanderplatz

Bernhard-Weiß-Straße

2k sqm

Alexanderplatz

Train Station Alexanderplatz

Rathausstraße

11k sqm

AROUNDTOWN SA | BOARD OF DIRECTORS' REPORT | 3

Disclaimer

Aroundtown SA published this content on 25 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 May 2022 12:20:23 UTC.


© Publicnow 2022
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Sales 2022 1 460 M 1 495 M 1 495 M
Net income 2022 766 M 785 M 785 M
Net Debt 2022 13 400 M 13 728 M 13 728 M
P/E ratio 2022 4,90x
Yield 2022 9,00%
Capitalization 3 078 M 3 153 M 3 153 M
EV / Sales 2022 11,3x
EV / Sales 2023 10,8x
Nbr of Employees 1 631
Free-Float 61,8%
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Technical analysis trends AROUNDTOWN SA
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TrendsBearishBearishBearish
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 17
Last Close Price 2,80 €
Average target price 6,15 €
Spread / Average Target 119%
EPS Revisions
Managers and Directors
Barak Bar-Hen Chief Executive & Operating Officer
Eyal Ben David Chief Financial Officer
Gerhard Cromme Chairman
Markus Leininger Independent Director
Markus Kreuter Independent Director