Edition:
India

Aroundtown SA to propose dividend of 0.23 eur a share​


Wednesday, 28 Mar 2018 

March 28 (Reuters) - Aroundtown Sa ::‍AROUNDTOWN SA ANNOUNCES ITS FY 2017 RESULTS WITH RECORD PROFITABILITY AND OUTSTANDING PERFORMANCE​.‍RENTAL AND OPERATING INCOME OF EUR527 MILLION, INCREASED FROM EUR274M IN 2016​.‍ADJUSTED EBITDA UP 60% TO EUR429 MILLION FROM EUR268 MILLION​.‍FFO I PER SHARE GROWTH OF 44% TO EUR0.36 FROM EUR0.25 IN 2016​.‍2017 DIVIDEND DISTRIBUTION OF EUR0.23 (SUBJECT TO AGM APPROVAL), UP 44% YOY​.‍NET PROFIT RECORDED OF OVER EUR1.5 BILLION, INCREASED 71% FROM EUR0.9 BILLION FOR 2016​.‍BASIC EARNINGS PER SHARE UP TO EUR1.56, DILUTED EPS UP TO EUR1.35​.‍EPRA NAV INCL. PERPETUAL NOTES OF EUR7.7 BILLION AND EUR7.6 PER SHARE (UP 41%)​.‍FURTHER INCREASED TO EUR8.7 BILLION INCL. Q1 2018 EQUITY AND PERPETUAL ISSUANCES​.‍EPRA NAV OF EUR6.5 BILLION AND EUR6.5 PER SHARE (UP 33%)​.‍EQUITY INCREASED 84% TO EUR7.2 BN, STRONG EQUITY RATIO OF 53%; FURTHER INCREASED TO EUR8.3 BILLION PRO FORMA FOR MARCH 2018 EQUITY INCREASE​.‍INVESTMENT PROPERTY ALMOST DOUBLED TO EUR9.8 BILLION FROM EUR5 BN AT YEAR-END 2016​.‍LTV FURTHER DECREASED TO 36% AS OF YEAR-END 2017; 33% ASSUMING CONVERSION​.‍AROUNDTOWN'S ( "COMPANY" OR "AT") RECORD PROFIT OF OVER EUR1.5 BILLION IN 2017​.‍AROUNDTOWN CONTINUES IN 2018 WITH ITS STRONG GROWTH PATH, BRINGING PORTFOLIO SIZE TO EUR10.2 BILLION WHICH GENERATES AN FFO I ON AN ANNUALIZED BASIS AS OF APRIL 2018 OF EUR369 MILLION​.