Aroundtown reports H1 2026 results, increases GCP stake to 84%

Luxembourg-based commercial real estate firm Aroundtown SA released its first-half 2026 financial results on Monday. Net rental income remained unchanged at €591 million compared to the same period last year. Funds from operations I declined by 4% to €144 million, with funds per share I at €0.13, down from €0.14 the previous year.

Adjusted EBITDA remained stable at €500 million. Like-for-like rental growth of 2.7% offset the impact of net disposals. The company completed a full external portfolio revaluation, maintaining stable valuations. Profit for the period reached €218 million, with basic and diluted earnings per share at €0.08. Loan-to-value ratio stood at 43% as of June 2026, up from 41% at year-end 2025.

EPRA net tangible assets increased to €9.1 billion, or €8.0 per share, a 3% increase from December 2025. Aroundtown raised its stake in GCP from 62.5% to 84% year-to-date through a voluntary exchange offer and subsequent market purchases. The company issued approximately €550 million in new bonds and repaid around €475 million during the first half of 2026.

Shareholders approved a dividend of €0.08 per share, paid on July 6, 2026, marking the first dividend since 2022. This financial report was AI-generated and reviewed by an editor.