Aroundtown Q1 Earnings Call Highlights

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MarketBeat

Wed, May 27, 2026 astatine 5:05 AM CDT 8 min read

Key Points

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Aroundtown lifted its 2026 FFO 1 guidance to EUR 275 million–EUR 305 cardinal aft expanding its involvement successful Grand City Properties to 81.5% from 62.5% done a share-for-share speech offer. Management said the woody should adhd astir EUR 35 cardinal of annualized FFO 1 and simplify the firm structure.
First-quarter net rental income roseate to EUR 297 million connected 3% like-for-like rental growth, portion FFO 1 fell 8% to EUR 70 cardinal due to the fact that of higher concern costs and nett dropped sharply without past year’s revaluation gains. EPRA NTA accrued to EUR 8 per share, helped by operations and the stock buyback.
The institution said it remains focused connected capital recycling and balance-sheet flexibility, with astir EUR 300 cardinal of disposals signed twelvemonth to date, a astir completed EUR 250 cardinal buyback, and EUR 4.1 cardinal of liquidity positive EUR 1 cardinal of undrawn recognition lines. Aroundtown besides noted improving but inactive below-prior-year bureau request and continued portfolio conversions into higher-yielding uses.

Aroundtown (ETR:AT1) reported higher first-quarter rental income and lifted its 2026 implicit FFO guidance aft expanding its involvement successful Grand City Properties, portion absorption said the institution remains focused connected superior recycling, conversions and balance-sheet flexibility amid a volatile macroeconomic backdrop.

Chief Executive Officer Barak Bar-Hen said the institution “started the twelvemonth strong” and had pursued “highly accretive transactions,” including an accrued holding successful Grand City Properties and a EUR 250 cardinal stock buyback programme launched successful January that is astir complete. He said the company’s residential and edifice assets, which unneurotic present relationship for 53% of the portfolio, proceed to execute well, portion bureau request is “slowly picking up” but has not returned to prior-year levels.

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Bar-Hen said the macroeconomic and geopolitical situation remains mixed, creating volatility and uncertainty, peculiarly fixed the struggle successful the Middle East. However, helium said Aroundtown’s refinancing actions successful the 4th fourth of 2025 and aboriginal 2026 were prudent and near the institution with capable liquidity to screen maturities this twelvemonth and adjacent year.

Rental Income Rises, Profit Falls connected Lack of Revaluation Gains

Net rental income roseate to EUR 297 cardinal successful the archetypal 4th from EUR 295 cardinal a twelvemonth earlier, driven by 3% like-for-like rental maturation that much than offset the interaction of nett disposals. Adjusted EBITDA was broadly unchangeable astatine EUR 250 million, compared with EUR 251 cardinal successful the prior-year period.

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