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Adler Group SA (ADJ.MU)
- Reuters
German landlord Adler Group devalues portfolio by one billion euros
(Reuters) -German real estate firm Adler Group on Tuesday said it had devalued its real estate portfolio by 1 billion euros ($1.08 billion) after its losses deepened in the first half on rising interest rates. The company posted a January-June loss of one billion euros, widening from a loss of 604 million euros a year earlier. Adler, one of Germany's biggest landlords, is fighting a liquidity crisis, triggered by a downturn in the domestic property market, rising energy and building prices caused by Russia's invasion of Ukraine and the fallout from the COVID-19 pandemic.
- Business Wire
Apartments.com Publishes Rent Growth Report for Second Quarter of 2023
WASHINGTON, July 12, 2023--Today, Apartments.com – a CoStar Group online marketplace – released an in-depth report of multifamily rent growth trends for the second quarter of 2023. Supply continues to outpace demand across the country with 520,000 new units expected to be delivered by the end of the year.
