Check-Cap to merge with MBody AI in embodied AI workforce push
LUXEMBOURG - Aroundtown SA reported a 1.4% like-for-like property value increase in the first half of 2025, as the real estate company maintains stable rental income while reducing its debt leverage.
Net rental income reached €591 million in H1 2025, remaining stable compared to €588 million in the same period last year. The company achieved 3% like-for-like rental growth, which offset the impact of property disposals.
Aroundtown’s net profit amounted to €578 million with earnings per share of €0.32, driven by positive property revaluations and operational results. The company’s FFO I (funds from operations) reached €150 million or €0.14 per share, slightly down from €154 million in H1 2024.
The company reduced its loan-to-value ratio to 40% as of June 2025, down from 42% at the end of 2024. Aroundtown completed approximately €400 million in disposals at around book value during the first half of the year, with an additional €170 million signed for disposal.
In Q2, the company issued a €750 million 5-year senior unsecured bond with a 3.5% coupon, which was three times oversubscribed. After the reporting period, Aroundtown completed a €150 million tap on the bond. The company has repaid over €1.9 billion in debt year-to-date.
Aroundtown’s EPRA NTA (net tangible assets) increased by 5% to €8.6 billion or €7.8 per share as of June 2025, compared to €8.2 billion or €7.4 per share at the end of 2024.
The company also announced that CFO Ben David will step down after 17 years, with Deputy CFO Jonas Tintelnot appointed as his successor effective by the end of 2025.
Aroundtown confirmed its guidance for the full year 2025, according to the press release statement.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.