First Berlin Equity Research Publishes Positive Outlook on Aroundtown SA

First Berlin Equity Research GmbH has released a new research update on Aroundtown SA (ISIN: LU1673108939). Analyst Ellis Acklin has reaffirmed his "BUY" recommendation, raising the price target from €3.60 to €4.00. This adjustment reflects the inclusion of lower Bund yields in their valuation model.

The update follows the EPRA 2024 Conference in Berlin, where the team assessed the property sector's current state, inspected Aroundtown's local assets, and engaged with the company's management. The event was well attended, signaling an optimistic outlook that the worst phase of the market downturn is past.

A comprehensive tour of Aroundtown's commercial properties highlighted their quality, strategic locations, and the landlord's plan for rejuvenating underperforming assets, which reinforced First Berlin's positive assessment. They concluded that Aroundtown remains well-positioned for long-term success.