Aroundtown (ETR:AT1) reported higher first-quarter rental income and lifted its 2026 absolute FFO guidance after increasing its stake in Grand City Properties, while management said the company remains focused on capital recycling, conversions and balance-sheet flexibility amid a volatile macroeconomic backdrop.
Chief Executive Officer Barak Bar-Hen said the company “started the year strong” and had pursued “highly accretive transactions,” including an increased holding in Grand City Properties and a EUR 250 million share buyback program launched in January that is nearly complete. He said the company’s residential and hotel assets, which together now account for 53% of the portfolio, continue to perform well, while office demand is “slowly picking up” but has not returned to prior-year levels.
