3,882
edits
Aroundtown: Difference between revisions
no edit summary
(added bull and bear sentiments) |
No edit summary |
||
| Line 27: | Line 27: | ||
|} | |} | ||
The redemption of debt below it's par value allows the company to profit partially from of the changing interest rate environment. In it's 2022 Annual report Aroundtown stated it's LTV compared to the fair value of it's debt at 26%. <ref>https://www.aroundtown.de/fileadmin/user_upload/04_investor_relations/downloads/2022/AT_FY_2022_financials_presentation.pdf p.8</ref> | The redemption of debt below it's par value allows the company to profit partially from of the changing interest rate environment. In it's 2022 Annual report Aroundtown stated it's LTV compared to the fair value of it's debt at 26%. <ref>https://www.aroundtown.de/fileadmin/user_upload/04_investor_relations/downloads/2022/AT_FY_2022_financials_presentation.pdf p.8</ref> | ||
== Portfolio == | |||
Annual report pg.26: https://www.aroundtown.de/fileadmin/user_upload/04_investor_relations/downloads/2022/AT_FY_2022.pdf | |||
1.Majority of the portfolio is in Office buildings, but portofolio do offer has some diversification | |||
{| class="wikitable" | |||
|'''Indystry''' | |||
|'''Share''' | |||
|- | |||
|Office | |||
|43% | |||
|- | |||
|Hotel | |||
|18% | |||
|- | |||
|Logistic and other retail | |||
|2% | |||
|- | |||
|Retail | |||
|5% | |||
|- | |||
|Residential | |||
|32% | |||
|} | |||
2. Location: | |||
{| class="wikitable" | |||
|'''Region''' | |||
|'''Share''' | |||
|- | |||
|Berlin | |||
|26% | |||
|- | |||
|NRW | |||
|14% | |||
|- | |||
|London | |||
|8% | |||
|- | |||
|Frankfurt | |||
|7% | |||
|- | |||
|Munich | |||
|7% | |||
|- | |||
|Dresden | |||
|7% | |||
|- | |||
|Weisbaden | |||
|3% | |||
|- | |||
|Amsterdam | |||
|2% | |||
|- | |||
|Others | |||
|26% | |||
|} | |||
3. Tenant Quality: | |||
* Commercial portoflio with approxx 3500 tenants, residential with granual tenant base | |||
* Top 10 tenant: less than 20% of rental income | |||
* Wide range of industries. Public sector, multi national and large domestic corporations: 75% of office tenants | |||
4. Green building certifications, this is important as demand for class green buildings is increasing <ref>https://www.colliers.com/en-gb/news/blog-esg-fuel-flight-to-quality-office-space</ref> | |||
* 55% of dutch portofolio is ceritified with BREEAM (30% in 2021) | |||
* 9% of the commercial portoflio is diverfisied (5% in 2021) | |||
== References == | == References == | ||