Dresden
AROUNDTOWN S A
INTERIM
CONSOLIDATED REPORT
For the six-month period ended June 30,
2021
Frankfurt
Büro Center (FBC)
Mainzer Landstraße
43k sqm
Frankfurt Stadtmitte | Intercontinental Frankfurt |
Bleichstraße | Wilhelm-Leuschner Strasse |
9k sqm | 28k sqm |
Banking District
Frankfurt Hauptbahnhof
Frankfurt HBF (Central Train Station)
Karlstraße
3k sqm
Frankfurt HBF
Hafenstraße
20k sqm
Frankfurt
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 |
CONTENT
BOARD OF DIRECTORS´REPORT
THE BUSINESS & OPERATIONS
2 Key Financials
4 The Company
6 Key Achievements
8 Aroundtown's Quality Portfolio
19 Capital Markets
MANAGEMENT DISCUSSION AND ANALYSIS
20 Notes on Business Performance
40 Alternative Performance Measures
DISCLAIMER
45 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
50 Interim consolidated statement of changes in equity
52 Interim consolidated statement of cash flows
NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS
54 Notes to the interim consolidated financial statements
MANAGEMENT DISCUSSION | DISCLAIMER | ||||
THE BUSINESS & OPERATIONS | |||||
AND ANALYSIS | |||||
FINANCIAL POSITION
HIGHLIGHTS
in € millions unless otherwise indicated | Jun 2021 | Dec 2020 | Dec 2019 | |||
Total Assets | 30,720.6 | 31,021.6 | 25,444.7 | |||
Total Equity | 15,717.9 | 15,583.0 | 13,378.9 | |||
Investment property | 20,898.7 | 21,172.4 | 18,127.0 | |||
Cash and liquid assets 1) | 3,244.2 | 3,262.7 | 3,043.8 | |||
Unencumbered assets ratio 2) | 81% | 76% | 81% | |||
Equity Ratio | 51% | 50% | 53% | |||
Loan-to-Value | 33% | 34% | 34% | |||
- including cash and liquid assets under held for sale
- by rent
NET ASSET VALUE
in € millions unless otherwise indicated | EPRA NRV | EPRA NTA | EPRA NDV | |||
Jun 2021 | 13,113.4 | 11,221.5 | 8,371.8 | |||
Jun 2021 per share (in €) | 11.2 | 9.6 | 7.2 | |||
Per share growth (dividend adjusted) | 3% | 3% | 5% | |||
Per share growth | 1% | 1% | 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 | 1-6/2021 | Change | 1-6/2020 | |||
Revenue | 541.4 | (8%) | 588.3 | |||
Net rental income | 457.8 | (9%) | 501.9 | |||
Adjusted EBITDA 1) | 451.9 | (10%) | 500.0 | |||
FFO I before Covid adjustment 1) | 247.2 | (8%) | 268.5 | |||
FFO I per share before Covid adjustment 1) | 0.21 | 5% | 0.20 | |||
FFO I 1) 2) 3) | 172.0 | (26%) | 233.5 | |||
FFO I per share 1) 2) 3) | 0.15 | (12%) | 0.17 | |||
FFO II 2) 4) | 548.4 | 61% | 340.3 | |||
ICR | 5.0x | 0.5x | 4.5x | |||
Profit for the period | 362.1 | (42%) | 626.3 | |||
EPS (basic) (in €) | 0.25 | (31%) | 0.36 | |||
EPS (diluted) (in €) | 0.25 | (31%) | 0.36 | |||
- 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 (€75 million in H1 2021, €35 million in H1 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 25 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 August 2021 04:53:08 UTC.