Aroundtown Reports Robust Financial Results for FY 2024

Aroundtown SA announced strong financial results for the fiscal year 2024, achieving the top range of its guidance despite a 1% decrease in net rental income to €1.18 billion due to property disposals. Operational growth was robust, with like-for-like rental growth at 2.9% and an adjusted EBITDA increase of 1%, reaching €1.01 billion.

The company reported a net profit of €309 million, reversing a €2.4 billion loss in 2023. Disposals totaling €740 million helped strengthen its balance sheet, while proactive liability management, including repaying €1.3 billion in debt, reduced the loan-to-value ratio to 42%.

Further progress in its ESG initiatives was noted, with 65% of its office portfolio and 30% of its hotel portfolio receiving green building certifications. Aroundtown's inclusion in several sustainability indices highlights its continued commitment to ESG efforts.