AroundTown - comment

AroundTown management’s comments reflect further confidence in both the property markets and specifically in the real estate funding market. This renewed confidence results in management focusing on further growth opportunities, including development opportunities. Additionally, management indicates that AroundTown no longer needs to hold large cash/liquidity balances and, subject to market conditions, is considering a dividend distribution in FY26. The real estate crisis is now a history lesson.

AroundTown continues the recent trends, with lfl rental growth in all three segments, specifically 4.2% in Hotels, 4.0% in residential and 1.5% in Offices. Management has confirmed guidance for FY25.