Aroundtown Releases Q1 2026 Financial Results

Aroundtown S.A. has announced its financial results for the first quarter of 2026, reporting net rental income of €297 million, a 1% increase from the previous year driven by a 3.0% growth in like-for-like rentals. Adjusted EBITDA remained stable at €250 million. Despite a decrease in FFO I to €70 million, the per-share value held steady, supported by a share buyback program. The company's net profit was €119 million, down from €319 million in Q1 2025, attributed to the absence of revaluation processes conducted in the current quarter.

Year-to-date, Aroundtown completed €300 million in disposals, including €27 million sold at a premium. These proceeds are earmarked for growth opportunities. Additionally, Aroundtown increased its stake in Grand City Properties S.A. from 62.5% to 81.5%, anticipating a substantial contribution to its FFO I.

The company's ongoing capital recycling strategy underscored its Q1 activities, with major disposals and strategic acquisitions. The completion of GCP share offers increased ownership and provided a stronger earnings base.