Aroundtown Reports Stable H1 2026 Results Aligned with Guidance

Aroundtown SA's H1 2026 financial results reflect stable operations. Net rental income stayed constant at €591 million compared to the previous year, with like-for-like rental growth of 2.7% counterbalancing net disposals. Adjusted EBITDA remained steady at €500 million.

Funds from Operations (FFO I) reached €144 million, slightly below H1 2025, primarily due to higher finance costs. This was partially offset by increased investment in Grand City Properties (GCP) and reduced coupons on perpetual notes. A share buyback program supported the FFO I per share, which was €0.13.

Despite macroeconomic fluctuations, the portfolio's valuation was stable, with profits recorded at €218 million. Aroundtown's holdings in GCP increased to 84% through strategic acquisitions. The company's financial operations led to a small rise in Loan to Value (LTV) to 43%.