EQS-News: Adler Group with robust operational performance in 2023
By year-end 2023, the rental portfolio amounted to 25,043 units, of which 17,738 units are in the Berlin area.
- By year-end 2023, the rental portfolio amounted to 25,043 units, of which 17,738 units are in the Berlin area.
- The FY 2023 results reflect Adler Group’s successful disposals of portfolio assets, in order to generate liquidity, cover financial maturities and to reposition the portfolio.
- Commenting the financial performance, Thomas Echelmeyer, CFO of Adler Group, said: “We successfully addressed all our financial obligations due in 2023, secured new financing in a challenging environment and ensured sufficient liquidity.” In the fourth quarter 2023, Adler Group placed €191m of 1.5 lien notes with annual PIK interest amount of 21% due end July 2025.
- Referring to the outlook for 2024, Thierry Beaudemoulin explained: “2024 has started with a robust operational performance again.