The subsidiary of the real estate group has many of its own construction sites.
(Photo: imago images/Achille Abboud)
Dusseldorf At the ailing Adler Group, the leverage (LTV) has continued to rise. The LTV ratio at the end of the first half of 2022 was 58.0 percent, at the end of December the real estate investor had reported 50.9 percent, as he announced on Monday evening. Due to the sale of apartment packages, operating income (FFO 1) fell to around EUR 49.9 million from EUR 67.8 million in the first half of 2021. According to the Adler Group, it still has 26,243 apartments.
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