MUNICH (dpa-AFX) - Baader Bank has left the rating for Aroundtown at "Add" with a target price of 2.60 euros after the figures. As expected, the commercial real estate specialist presented mixed figures for 2023, analyst Andre Remke wrote in a study published on Wednesday. While the rental business was quite robust, the key figure FFO, which is important for the industry, fell due to higher financing costs. A further decline in FFO is expected for 2024, which is in line with his and the consensus estimate. The renewed suspension of the dividend should also come as no surprise, Remke added./ck/gl

Publication of the original study: 27.03.2024 / 08:15 / CET First-time dissemination of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

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