Aroundtown's half-year profit more than halves on falling property prices
KUALA LUMPUR: Aroundtown, one of Germany’s largest listed landlords, said on Wednesday its profit in the first six months of the year dropped by more than a half, as German commercial property prices fell in the second quarter.
Aroundtown, a major German real estate company, reported a significant halving of its half-year profit in 2026 due to falling commercial property prices in Germany. The company's net profit fell by 62% to €218 million (US$254 million) compared to the same period last year, as lower property valuations and higher financing costs took their toll.
Despite initially guiding for annual funds from operations (FFO I) between €275 million and €305 million, Aroundtown confirmed that guidance on Wednesday, showing that the property group's financial performance has been adversely affected by the decline in property prices.
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