Adler Cites ‘Duty’ to Find Cheaper Financing on Interest Burden
- German landlord’s results weighed down by interest costs
- Adler makes progress on disposals in wake of restructurings
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Adler Group said it was in the process of looking at ways to lower its financing costs, as the German landlord grapples with steeper funding costs following two debt restructurings.
“It is absolutely clear that the high cost of debt is not something that we are particularly happy with,” said chief financial officer Thorsten Arsan in a call with analysts. “So it goes without saying that it is our duty to explore ways to further optimize our capital structure and particularly to lower the interest costs.”