Hamburg
AROUNDTOWN S A
INTERIM
CONSOLIDATED REPORT
For the nine-month period ended September 30, 2021
Frankfurt
Büro Center (FBC)
Mainzer Landstraße
43k sqm
Frankfurt Stadtmitte | Intercontinental Frankfurt |
Bleichstraße | Wilhelm-Leuschner Strasse |
9k sqm | 28k sqm |
FRANKFURT:
MAIN CENTRAL TRAIN STATION & CENTRAL BUSINESS DISTRICT
AT HAS APPROX. 200,000 SQM
LETTABLE SPACE IN
FRANKFURT'S PRIME CENTER
Frankfurt HBF | Frankfurt Office Campus |
Stuttgarter Straße | Gutleutstraße |
9k sqm | 88k sqm |
Banking District
Frankfurt Hauptbahnhof
(Central Train Station)
Frankfurt HBF
Hafenstraße
20k sqm
Frankfurt
CONTENT
BOARD OF DIRECTORS´REPORT
THE BUSINESS & OPERATIONS
2 Key Financials
- The Company
- Key Achievements
8 Aroundtown's Quality Portfolio
20 Capital Markets
MANAGEMENT DISCUSSION AND ANALYSIS
22 Notes on Business Performance
42 Alternative Performance Measures
DISCLAIMER
47 Responsibility Statement & Disclaimer
INTERIM CONSOLIDATED FINANCIAL STATEMENTS
INTERIM CONSOLIDATED FINANCIAL STATEMENTS
- Interim consolidated statement of profit or loss
- Interim consolidated statement of other comprehensive income
- Interim consolidated statement of financial position
52 Interim consolidated statement of changes in equity
54 Interim consolidated statement of cash flows
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS
56 Notes to the interim consolidated financial statements
MANAGEMENT DISCUSSION | DISCLAIMER | ||||
THE BUSINESS & OPERATIONS | |||||
AND ANALYSIS | |||||
FINANCIAL POSITION
HIGHLIGHTS
in € millions unless otherwise indicated | Sep 2021 1) | Dec 2020 | Dec 2019 | |||||||||
Total Assets | 39,399.5 | 31,021.6 | 25,444.7 | |||||||||
Total Equity | 19,162.0 | 15,583.0 | 13,378.9 | |||||||||
Investment property | 28,975.9 | 21,172.4 | 18,127.0 | |||||||||
Investment property of assets held for sale | 1,594.8 | 830.2 | 202.4 | |||||||||
Cash and liquid assets 2) | 3,272.0 | 3,262.7 | 3,043.8 | |||||||||
Total financial debt | 15,683.7 | 11,860.9 | 10,028.3 | |||||||||
Unencumbered assets ratio 3) | 82% | 76% | 81% | |||||||||
Equity Ratio | 49% | 50% | 53% | |||||||||
Loan-to-Value | 39% | 34% | 34% | |||||||||
1) GCP is consolidated as of July 1, 2021 | ||||||||||||
2) including cash and liquid assets under held for sale | ||||||||||||
3) by rent | ||||||||||||
NET ASSET VALUE | ||||||||||||
in € millions unless otherwise indicated | EPRA NRV | EPRA NTA | EPRA NDV | |||||||||
Sep 2021 | 12,933.7 | 11,421.0 | 8,307.4 | |||||||||
Sep 2021 per share (in €) | 11.2 | 9.8 | 7.2 | |||||||||
Per share growth (dividend adjusted) | 3% | 5% | 5% | |||||||||
Per share growth | 1% | 3% | 1% | |||||||||
Dec 2020 | 13,093.9 | 11,187.4 | 8,354.9 | |||||||||
Dec 2020 per share (in €) | 11.1 | 9.5 | 7.1 | |||||||||
KEY FINANCIALS
in € millions unless otherwise indicated | 1-9/20211) | Change | 1-9/2020 | |||
Revenue | 935.8 | 5% | 890.4 | |||
Net rental income | 773.0 | 2% | 758.4 | |||
Adjusted EBITDA 2) | 716.2 | (1%) | 722.5 | |||
FFO I before Covid adjustment 2) | 366.9 | (1%) | 371.4 | |||
FFO I per share before Covid adjustment 2) | 0.31 | 11% | 0.28 | |||
FFO I 2) 3) 4) | 266.9 | (11%) | 301.4 | |||
FFO I per share (in €) 2) 3) 4) | 0.23 | 5% | 0.22 | |||
FFO II 3) 5) | 650.1 | 12% | 581.4 | |||
ICR | 5.1x | 0.7x | 4.4x | |||
Profit for the period | 649.6 | (20%) | 811.8 | |||
EPS (basic) (in €) | 0.40 | (9%) | 0.44 | |||
EPS (diluted) (in €) | 0.39 | (11%) | 0.44 | |||
- GCP results are consolidated starting from July 1, 2021
- including AT's share in companies which AT has significant influence, excluding the contributions from assets held for sale
- including extraordinary expenses for uncollected rent due to the Covid pandemic (€100 million in 9M 2021, €70 million in 9M 2020)
- previously defined as FFO I (per share) after perpetual, Covid adjusted
- reclassified in Q4 2020 to be based on FFO I (previously defined as FFO I after perpetual, Covid adjusted)
2 | AROUNDTOWN SA | Board of Directors' Report
MANAGEMENT DISCUSSION | DISCLAIMER | ||||
THE BUSINESS & OPERATIONS | |||||
AND ANALYSIS | |||||
Alexanderplatz
Karl-Liebknecht-Straße
24k sqm
Berlin TV Tower
Hackescher Market
Münzstraße & Max-Beer-Straße
2k sqm
Hackescher Market
Dircksenstrasse
9k sqm
Alexanderplatz
Alexanderplatz
Karl-Liebknecht-Straße
34k sqm
Alexanderplatz | BERLIN | |||||||||||||
Karl-Liebknecht-Straße | ALEXANDERPLATZ | |||||||||||||
6k sqm | ||||||||||||||
Alexanderplatz | AT HAS OVER 140,000 SQM | |||||||||||||
Alexanderstraße | LETTABLE SPACE IN | |||||||||||||
55k sqm | ||||||||||||||
THE PRIME COMMERCIAL | ||||||||||||||
AND TOURIST CENTER | ||||||||||||||
ALEXANDERPLATZ | ||||||||||||||
Alexanderplatz | ||||||||||||||
Bernhard-Weiß-Straße | ||||||||||||||
2k sqm | ||||||||||||||
Alexanderplatz | ||||||||||||||
Train Station | Alexanderplatz | |||||||||||||
Rathausstraße | ||||||||||||||
11k sqm | ||||||||||||||
Berlin
AROUNDTOWN SA | Board of Directors' Report | 3
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Aroundtown SA published this content on 24 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 November 2021 05:49:03 UTC.