International

Aroundtown's Profit Halves to $138.4 Million in Q1 2026

  • by- Zaid
  • May 27, 2026
Aroundtown's quarterly net profit fell by more than half from a year ago to 118.9 million ($138.4 million), citing a lack of property revaluations and higher finance costs.
Aroundtown's Profit Halves to $138.4 Million in Q1 2026

May 27: Aroundtown's quarterly net profit fell by more than half from a year ago to €118.9 million ($138.4 million), citing a lack of property revaluations recorded in the same period of 2025. This was despite a continued rise in German commercial property prices after years of declines.

Property Price Trends

German property prices rose 2.1 per cent in the first quarter, according to data from VDP and the Bundesbank, continuing a trend observed since mid-2024. However, VDP warned that the first-quarter figures showed little sign of how warfare in the Middle East was affecting the real estate market, with a potential impact yet to be seen.

Funds From Operations

Aroundtown posted funds from operations (FFO I) of €70 million, down 8 per cent from last year's €76 million due to higher finance expenses, though still within the scope of its guidance. In April, the property firm had guided for FFO I to come between €275 million and €305 million in 2026.