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Posted by
Two Blokes Jun 21 -
Filed in
Stock
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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.