Luxembourg-based commercial real estate group Aroundtown SA reported first-half 2026 results with net rental income of €591 million, unchanged from the prior-year period, while Funds From Operations I (FFO I) declined 4% to €144 million.
The company’s adjusted EBITDA remained stable at €500 million year-over-year, with like-for-like rental growth of 2.7%. Profit for the period totaled €218 million, translating to basic and diluted earnings per share of €0.08. Aroundtown’s loan-to-value ratio increased to 43% as of June 2026 from 41% at year-end 2025, while EPRA net tangible assets rose 3% per share to €8.0, up from €7.8 at December 2025.
During the first half, Aroundtown completed €350 million in asset disposals at approximately book value. The company issued roughly €550 million in new bonds and repaid about €475 million in H1 2026, bringing year-to-date bond issuance to €1.6 billion and repayments to €2.3 billion. Portfolio revaluations conducted externally showed stable valuations compared with December 2025.
Aroundtown increased its stake in Grand City Properties (GCP) to 84% from 62.5% through a voluntary exchange offer and subsequent market purchases. The company confirmed its full-year 2026 guidance and approved a dividend of €0.08 per share at its annual meeting on June 24, paid on July 6—the first dividend since 2022.
