Aroundtown: High Debt Burden Remains A Constraint For Dividends Ahead

  • Aroundtown trades at a deep discount to peers due to its high leverage, with an EPRA LTV ratio of 59%, much higher than sector norms. Dividend payments remain suspended as the company prioritizes deleveraging, making it less attractive for income-focused investors compared to other real estate stocks. Operational performance is resilient, but higher funding costs and asset disposals are pressuring earnings, with limited near-term upside for capital returns.