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|<code>8</code> Redemption of debt substantially below par value | |<code>8</code> Redemption of debt substantially below par value | ||
|Its LTV at the end of 2022 was 40% when only senior debt is included, but when hybrid bonds are added, LTV rises to 55%-above what its closest competitors have (40-45%) | |Its LTV at the end of 2022 was 40% when only senior debt is included, but when hybrid bonds are added, LTV rises to 55%-above what its closest competitors have (40-45%)<ref name=":0" />. | ||
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|The fact that it was able to sale assets worth €1.6 billion in 2022 show that its assets have good quality and its valuations are conservative<ref name=":0">https://seekingalpha.com/article/4591130-aroundtown-earnings-depressed-valuation-no-rush-to-buy</ref>. | |The fact that it was able to sale assets worth €1.6 billion in 2022 show that its assets have good quality and its valuations are conservative<ref name=":0">https://seekingalpha.com/article/4591130-aroundtown-earnings-depressed-valuation-no-rush-to-buy</ref>. |