on ALTAREA (EPA:ALTA)
Altarea Confirms 2026 Guidance Amid Mixed Financial Results
Altarea reported consolidated revenue of €1,292.1 million for the first nine months of 2026, marking a 9.6% decrease from the previous year. The decline is attributed to reduced contributions from older residential projects and lower business property activity. Despite this, new housing orders increased by 2% in volume, though values dropped by 6%.
The company's retail REIT segment saw tenant sales rise by 0.8% with footfall up 4.9%, yet overall rental income decreased by 1.0%. Notably, rental income achieved a like-for-like increase of 1.5%.
In business developments, Altarea made progress in data centers and logistics projects. Looking ahead, the entity affirms its guidance for 2026, anticipating significant growth in FFO and maintaining a dividend of €8 per share.
R. H.
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