Germany's Aroundtown SA Q1 net rental income rises 1%

Aroundtown SA

27/05/2026 06:38

Overview
Germany commercial real estate firm's Q1 net rental income up 1% yr/yr on like-for-like growth
Q1 FFO I fell 8% yr/yr due to higher finance expenses, FFO I per share stable on buybacks
Net profit dropped from Q1 2025, reflecting absence of property revaluation gains this quarter

Outlook
Aroundtown raises FY 2026 absolute FFO I guidance to €275 mln–€305 mln
Company reiterates FY 2026 FFO I per share guidance at €0.24–€0.27
Company expects perpetual coupon payments to remain below 2025 levels

Result Drivers
LIKE-FOR-LIKE RENTAL GROWTH - Co said 3% like-for-like rental growth offset impact of net disposals, driving 1% rise in net rental income
HIGHER FINANCE EXPENSES - Co said FFO I fell mainly due to higher finance expenses, partially offset by lower perpetual notes coupons
CAPITAL RECYCLING - Co highlighted asset disposals and redeployment of proceeds into share buybacks and acquisitions as part of its capital recycling strategy

Company press release: ID:nEQ9qLdnWa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Rental Income
 
EUR 297 mln
 
Q1 Net Profit
 
EUR 119 mln
 
Q1 Adjusted EBITDA
 
EUR 250 mln
 
Q1 FFO
 
EUR 70 mln
 
Q1 Basic EPS
 
EUR 0.05
 
Q1 FFO Per Share
 
EUR 0.07
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 6 "hold" and 3 "sell" or "strong sell"
The average consensus recommendation for the real estate rental, development & operations peer group is "buy."
Wall Street's median 12-month price target for Aroundtown SA is €2.70, about 4.6% above its May 26 closing price of €2.58
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 10 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)