Board Change • Jul 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 7 highly experienced directors. Independent Director Daniel Malkin was the last director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • May 28
First quarter 2026 earnings released: EPS: €0.05 (vs €0.20 in 1Q 2025) First quarter 2026 results: EPS: €0.05 (down from €0.20 in 1Q 2025). Revenue: €385.9m (down 1.2% from 1Q 2025). Net income: €100.5m (down 54% from 1Q 2025). Profit margin: 26% (down from 55% in 1Q 2025). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 11% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth. Announcement • Mar 16
Aroundtown SA, Annual General Meeting, Jun 24, 2026 Aroundtown SA, Annual General Meeting, Jun 24, 2026. Announcement • Mar 04
Aroundtown SA (XTRA:AT1) proposed to acquire an additional 26.5% stake in Grand City Properties S.A. (XTRA:GYC) for approximately €560 million. Aroundtown SA (XTRA:AT1) proposed to acquire an additional 26.5% stake in Grand City Properties S.A. (XTRA:GYC) for approximately €560 million on March 3, 2026. Aroundtown SA to acquire up to 47,451,773 shares of Grand City Properties by way of a voluntary public acquisition offer in the form of an exchange offer. Aroundtown will offer 4 existing shares of Aroundtown held in treasury as consideration in exchange for 1 tendered share of Grand City Properties. The Offer will be limited to the maximum holding of up to 89.5% of the share capital of GCP and not subject to any minimum acceptance threshold or other conditions.
The Offer is expected to conclude by beginning of April. Reported Earnings • Aug 28
Second quarter 2025 earnings released: EPS: €0.12 (vs €0.34 loss in 2Q 2024) Second quarter 2025 results: EPS: €0.12 (up from €0.34 loss in 2Q 2024). Revenue: €381.6m (up 13% from 2Q 2024). Net income: €132.4m (up €500.6m from 2Q 2024). Profit margin: 35% (up from net loss in 2Q 2024). Revenue is forecast to grow 1.1% p.a. on average during the next 3 years, compared to a 20% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 5% per year. New Risk • Sep 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (5.7% operating cash flow to total debt). Minor Risk Share price has been volatile over the past 3 months (6.9% average weekly change). Reported Earnings • Aug 30
Second quarter 2024 earnings released: €0.34 loss per share (vs €0.91 loss in 2Q 2023) Second quarter 2024 results: €0.34 loss per share (improved from €0.91 loss in 2Q 2023). Revenue: €339.0m (down 1.7% from 2Q 2023). Net loss: €368.2m (loss narrowed 63% from 2Q 2023). Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 16% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance. Reported Earnings • May 30
First quarter 2024 earnings released: EPS: €0.04 (vs €0.04 loss in 1Q 2023) First quarter 2024 results: EPS: €0.04 (up from €0.04 loss in 1Q 2023). Revenue: €390.6m (down 4.2% from 1Q 2023). Net income: €88.4m (up €131.9m from 1Q 2023). Profit margin: 23% (up from net loss in 1Q 2023). Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 17% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 70 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 29
Full year 2023 earnings released: €1.82 loss per share (vs €0.58 loss in FY 2022) Full year 2023 results: €1.82 loss per share (further deteriorated from €0.58 loss in FY 2022). Revenue: €1.45b (down 10% from FY 2022). Net loss: €1.83b (loss widened 184% from FY 2022). Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 15% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 30
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: €371.9m (down 14% from 3Q 2022). Net loss: €37.1m (down 264% from profit in 3Q 2022). Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 15% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 70 percentage points per year, which is a significant difference in performance. New Risk • Nov 30
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (5.5% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings are forecast to decline by an average of 1.3% per year for the foreseeable future. Announcement • Nov 15
an Unknown buyer acquired Hilton London Hyde Park. an Unknown buyer acquired Hilton London Hyde Park on November 13, 2023. An Unknown buyer completed the acquisition of Hilton London Hyde Park on November 13, 2023. Reported Earnings • Aug 31
Second quarter 2023 earnings released: €0.91 loss per share (vs €0.20 profit in 2Q 2022) Second quarter 2023 results: €0.91 loss per share (down from €0.20 profit in 2Q 2022). Revenue: €344.8m (down 16% from 2Q 2022). Net loss: €996.4m (down €1.21b from profit in 2Q 2022). Revenue is forecast to stay flat during the next 3 years compared to a 15% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 59 percentage points per year, which is a significant difference in performance. Price Target Changed • Aug 17
Price target decreased by 7.2% to €2.15 Down from €2.32, the current price target is an average from 15 analysts. New target price is 54% above last closing price of €1.40. Stock is down 56% over the past year. The company is forecast to post a net loss per share of €0.91 next year compared to a net loss per share of €0.58 last year. Price Target Changed • Jun 28
Price target decreased by 8.3% to €2.32 Down from €2.53, the current price target is an average from 16 analysts. New target price is 103% above last closing price of €1.14. Stock is down 66% over the past year. The company is forecast to post a net loss per share of €0.91 next year compared to a net loss per share of €0.58 last year. Buying Opportunity • Jun 12
Now 24% undervalued after recent price drop Over the last 90 days, the stock is down 53%. The fair value is estimated to be €1.45, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to decline by 4.4% in 2 years. Earnings is forecast to grow by 94% in the next 2 years. Price Target Changed • Jun 04
Price target decreased by 7.6% to €2.53 Down from €2.74, the current price target is an average from 17 analysts. New target price is 152% above last closing price of €1.01. Stock is down 76% over the past year. The company is forecast to post a net loss per share of €0.69 next year compared to a net loss per share of €0.58 last year. Reported Earnings • May 30
Full year 2022 earnings released: €0.58 loss per share (vs €0.55 profit in FY 2021) Full year 2022 results: €0.58 loss per share (down from €0.55 profit in FY 2021). Revenue: €1.62b (up 6.5% from FY 2021). Net loss: €645.1m (down 201% from profit in FY 2021). Revenue is expected to fall by 1.8% p.a. on average during the next 3 years compared to a 22% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has fallen by 50% per year whereas the company’s share price has fallen by 45% per year. Price Target Changed • May 30
Price target decreased by 7.3% to €2.59 Down from €2.79, the current price target is an average from 17 analysts. New target price is 185% above last closing price of €0.91. Stock is down 79% over the past year. The company is forecast to post a net loss per share of €0.38 next year compared to a net loss per share of €0.58 last year. Announcement • May 24
Aroundtown SA (XTRA:AT1) acquired Kition Ocean Holdings Limited. Aroundtown SA (XTRA:AT1) acquired Kition Ocean Holdings Limited on May 23, 2023. Aroundtown SA (XTRA:AT1) Completed the acquisition of Kition Ocean Holdings Limited on May 23, 2023. Buying Opportunity • Apr 24
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 57%. The fair value is estimated to be €1.50, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to decline by 3.9% in 2 years. Earnings is forecast to grow by 72% in the next 2 years. Reported Earnings • Mar 30
Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2022 results: €0.58 loss per share (down from €0.55 profit in FY 2021). Revenue: €1.62b (up 6.5% from FY 2021). Net loss: €527.0m (down 182% from profit in FY 2021). Revenue exceeded analyst estimates by 7.1%. Earnings per share (EPS) missed analyst estimates. Revenue is expected to fall by 3.0% p.a. on average during the next 3 years compared to a 31% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 31% per year, which means it has not declined as severely as earnings. Price Target Changed • Mar 28
Price target decreased by 9.3% to €3.10 Down from €3.42, the current price target is an average from 16 analysts. New target price is 104% above last closing price of €1.52. Stock is down 72% over the past year. The company is forecast to post earnings per share of €0.28 for next year compared to €0.55 last year. Valuation Update With 7 Day Price Move • Mar 27
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to €1.49, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 8x in the Real Estate industry in Germany. Total loss to shareholders of 61% over the past three years. Buying Opportunity • Mar 18
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 18%. The fair value is estimated to be €2.56, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has declined by 36%. Revenue is forecast to decline by 11% in 2 years. Earnings is forecast to decline by 95% in the next 2 years. Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €2.25, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 12x in the Real Estate industry in Germany. Total loss to shareholders of 46% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €2.52 per share. Announcement • Jan 07
Aroundtown SA, Annual General Meeting, Jun 28, 2023 Aroundtown SA, Annual General Meeting, Jun 28, 2023. Board Change • Jan 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. 1 highly experienced director. Independent Director Simone Runge-Brandner was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Valuation Update With 7 Day Price Move • Dec 21
Investor sentiment deteriorated over the past week After last week's 18% share price decline to €2.13, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 12x in the Real Estate industry in Germany. Total loss to shareholders of 70% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €2.97 per share. Buying Opportunity • Dec 20
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 5.9%. The fair value is estimated to be €2.98, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has declined by 36%. For the next 3 years, revenue is forecast to decline by 0.8% per annum. Earnings is also forecast to decline by 105% per annum over the same time period. Price Target Changed • Dec 16
Price target decreased to €3.65 Down from €4.01, the current price target is an average from 17 analysts. New target price is 41% above last closing price of €2.59. Stock is down 51% over the past year. The company is forecast to post earnings per share of €0.37 for next year compared to €0.55 last year. Reported Earnings • Nov 30
Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2022 results: EPS: €0.02 (down from €0.14 in 3Q 2021). Revenue: €430.2m (down 6.6% from 3Q 2021). Net income: €52.4m (down 69% from 3Q 2021). Profit margin: 12% (down from 36% in 3Q 2021). Revenue exceeded analyst estimates by 3.2%. Earnings per share (EPS) missed analyst estimates by 71%. Revenue is expected to fall by 1.6% p.a. on average during the next 3 years compared to a 13% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has fallen by 37% per year whereas the company’s share price has fallen by 33% per year. Price Target Changed • Nov 28
Price target decreased to €4.15 Down from €4.47, the current price target is an average from 17 analysts. New target price is 60% above last closing price of €2.60. Stock is down 53% over the past year. The company is forecast to post earnings per share of €0.55 for next year compared to €0.55 last year. Buying Opportunity • Nov 26
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 11%. The fair value is estimated to be €3.26, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has declined by 40%. For the next 3 years, revenue is forecast to grow by 0.04% per annum. Earnings is forecast to decline by 25% per annum over the same time period. Valuation Update With 7 Day Price Move • Nov 12
Investor sentiment improved over the past week After last week's 24% share price gain to €2.60, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 9x in the Real Estate industry in Germany. Total loss to shareholders of 61% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €3.27 per share. Reported Earnings • Aug 26
Second quarter 2022 earnings released: EPS: €0.20 (vs €0.16 in 2Q 2021) Second quarter 2022 results: EPS: €0.20 (up from €0.16 in 2Q 2021). Revenue: €409.7m (up 24% from 2Q 2021). Net income: €217.8m (up 16% from 2Q 2021). Profit margin: 53% (down from 57% in 2Q 2021). Over the next year, revenue is expected to shrink by 13% compared to a 48% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 27% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Jul 01
Investor sentiment deteriorated over the past week After last week's 15% share price decline to €3.09, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 7x in the Real Estate industry in Germany. Total loss to shareholders of 54% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €3.57 per share. Upcoming Dividend • Jun 23
Upcoming dividend of €0.23 per share Eligible shareholders must have bought the stock before 30 June 2022. Payment date: 04 July 2022. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 6.2%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (4.5%). Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment deteriorated over the past week After last week's 15% share price decline to €3.59, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 8x in the Real Estate industry in Germany. Total loss to shareholders of 49% over the past three years. Reported Earnings • May 26
First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2022 results: EPS: €0.06 (down from €0.092 in 1Q 2021). Revenue: €412.3m (up 36% from 1Q 2021). Net income: €93.1m (down 15% from 1Q 2021). Profit margin: 23% (down from 36% in 1Q 2021). Revenue exceeded analyst estimates by 4.3%. Earnings per share (EPS) missed analyst estimates by 5.5%. Over the next year, revenue is expected to shrink by 17% compared to a 42% decline forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Reported Earnings • Apr 01
Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2021 results: EPS: €0.55. Revenue: €1.52b (up 10% from FY 2020). Net income: €642.2m (down 1.5% from FY 2020). Profit margin: 42% (down from 47% in FY 2020). Revenue exceeded analyst estimates by 12%. Earnings per share (EPS) missed analyst estimates by 5.5%. Over the next year, revenue is expected to shrink by 17% compared to a 31% decline forecast for the industry in Germany. Reported Earnings • Nov 25
Third quarter 2021 earnings: EPS and revenues exceed analyst expectations Third quarter 2021 results: EPS: €0.14 (up from €0.08 in 3Q 2020). Revenue: €460.6m (up 35% from 3Q 2020). Net income: €196.4m (up 77% from 3Q 2020). Profit margin: 43% (up from 33% in 3Q 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 51%. Earnings per share (EPS) also surpassed analyst estimates by 12%. Earnings per share (EPS) surpassed analyst estimates by 12%. Over the next year, revenue is expected to shrink by 22% compared to a 37% decline forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 26
Second quarter 2021 earnings released: EPS €0.16 (vs €0.22 in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €330.2m (down 16% from 2Q 2020). Net income: €211.9m (down 30% from 2Q 2020). Profit margin: 64% (down from 77% in 2Q 2020). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Reported Earnings • May 29
First quarter 2021 earnings released: EPS €0.092 (vs €0.14 in 1Q 2020) The company reported a poor first quarter result with weaker earnings and profit margins, although revenues were flat. First quarter 2021 results: Revenue: €302.8m (flat on 1Q 2020). Net income: €109.3m (down 40% from 1Q 2020). Profit margin: 36% (down from 61% in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 27
Full year 2020 earnings released: EPS €0.50 (vs €1.12 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: €1.38b (up 15% from FY 2019). Net income: €651.7m (down 50% from FY 2019). Profit margin: 47% (down from 110% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Mar 13
New 90-day high: €6.34 The company is up 4.0% from its price of €6.12 on 11 December 2020. The German market is up 11% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Real Estate industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.66 per share. Upcoming Dividend • Dec 09
Upcoming Dividend of €0.14 Per Share Will be paid on the 18th of December to those who are registered shareholders by the 16th of December. The trailing yield of 4.6% is in the top quartile of German dividend payers (3.6%), and it is higher than industry peers (2.9%). Is New 90 Day High Low • Dec 05
New 90-day high: €6.08 The company is up 30% from its price of €4.68 on 04 September 2020. The German market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.18 per share. Analyst Estimate Surprise Post Earnings • Nov 26
Revenue beats expectations, earnings disappoint Revenue exceeded analyst estimates by 7.5%. Earnings per share (EPS) missed analyst estimates by 38%. Over the next year, revenue is expected to shrink by 44% compared to a 32% decline forecast for the Real Estate industry in Germany. Reported Earnings • Nov 26
Third quarter 2020 earnings released: EPS €0.08 The company reported a mediocre third quarter result with weaker earnings and profit margins, although revenues were improved. Third quarter 2020 results: Revenue: €511.9m (up 87% from 3Q 2019). Net income: €134.2m (down 58% from 3Q 2019). Profit margin: 26% (down from 117% in 3Q 2019). The decrease in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Nov 10
Market bids up stock over the past week After last week's 24% share price gain to €5.22, the stock is trading at a trailing P/E ratio of 5.9x, up from the previous P/E ratio of 4.8x. This compares to an average P/E of 11x in the Real Estate industry in Germany. Total return to shareholders over the past three years is a loss of 7.1%. Is New 90 Day High Low • Oct 29
New 90-day low: €3.95 The company is down 22% from its price of €5.08 on 30 July 2020. The German market is down 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.00 per share. Is New 90 Day High Low • Sep 19
New 90-day low: €4.38 The company is down 20% from its price of €5.46 on 19 June 2020. The German market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.16 per share.