Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Aroundtown SA is a Luxembourg-registered real estate investment company specializing in income-generating properties with value-add potential in prime central locations across top-tier European cities, primarily Germany, the Netherlands, and London. Founded in 2004 by Yakir Gabay, it began with acquisitions in Berlin's Mitte and Charlottenburg districts and went public on Euronext in 2015, growing to become one of Europe's largest listed real estate firms by portfolio scale. The company's balanced portfolio, comprising approximately 40% offices, 33% residential via subsidiary Grand City Properties, 21% hotels, and select developments, emphasizes strong fundamentals like CPI-indexed rents, low vacancy, and diversified tenants including government entities. Aroundtown employs a fully integrated value chain for repositioning assets through intensive management, operational enhancements, and sustainability initiatives such as green certifications and energy-efficient upgrades. With operations supported by local teams and central oversight from Berlin, it maintains secure cash flows, a conservative debt profile (BBB+ rated by S&P), and active capital market presence, positioning it as a key player in European commercial and residential real estate markets.
78.51% operating margin is above average. ROIC at 3.10%. Note that capital returns lag the margin, the business may be capital-intensive despite high margins.
Revenue growth slowed to 0.2%, essentially flat. This is a business that needs a catalyst.
Net debt of €11.10B represents 14.1x FCF, leverage limits flexibility.
Profitability & Returns
Revenue (TTM)
€1.18B
▲ +0.2% YoY
Net Income (TTM)
€928M
▲ +264.7% YoY
Op. Margin
78.25%
ROIC
3.10%
▲ +0.9pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
€782M
▼ -1.7% YoY
Op. Cash Flow (TTM)
€1.21B
▲ +69.8% YoY
Net Debt
€11.10B
Cash & Equiv.
€4.08B
3Y CAGR: -1.1%
3Y CAGR: +1.1%
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