Aroundtown H1 2026 slides: rental growth steady as debt costs climb

Aroundtown SA, a Luxembourg-based real estate investment firm, reported its first-half 2026 financial results on August 26, 2026, highlighting the company's operational resilience amid a challenging economic environment. The company managed a portfolio of €25.2 billion in investment properties across Germany, the Netherlands, and London, delivering stable net rental income and like-for-like growth despite rising financing costs.

While net rental income remained flat at €591 million year-over-year, like-for-like rental growth reached 2.7%, driven by the residential segment and hotels. Adjusted EBITDA held steady at €500 million, while Funds From Operations I (FFO I) declined 4% to €144 million due to higher finance expenses. The company's share buyback program helped offset the impact on per-share earnings, which improved 3% to €0.13.

Management outlined several initiatives to offset rising financing costs, including a focus on higher-growth asset classes and a disciplined approach to capital allocation.

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