Nvidia shares tick lower premarket amid doubts over chip giant’s AI dominance
Investing.com -- Aroundtown stock dropped 6.3% today after the real estate company reported a 6.2% year-on-year decline in its funds from operations (FFO I) for the first nine months of 2025.
The German property firm posted FFO I of €221 million, or €0.20 per share, for the 9M-25 period, compared to a less severe 2.4% decline reported in the first half of the year. The company attributed the weaker performance to increased coupons on perpetual notes and a 29% lower contribution from joint ventures.
Despite the FFO decline, Aroundtown confirmed its full-year 2025 guidance, maintaining expectations for FFO I to range between €280 million and €310 million, or €0.26-€0.28 per share. This projection implies a 6.5% YoY decrease at the midpoint.
The company’s net rental income remained relatively stable at €295.9 million, showing a marginal increase of 0.2% YoY. Like-for-like net rental growth was 3.1% YoY, with the hotel segment leading at 4.2%, followed by residential at 3.9% and offices at 1.5%.
During the first nine months of 2025, Aroundtown completed €460 million in asset disposals at a slight premium to book value. This represents a significant slowdown from the €630 million in disposals signed in the same period of 2024, which had previously prompted S&P to downgrade the company’s credit rating to BBB in April.
The company’s EPRA NTA per share increased by 9.2% YoY to €7.78, while its loan-to-value ratio rose by 100 basis points quarter-on-quarter to 41%. The average cost of debt increased to 2.2%, up 20 basis points from the previous year.
Aroundtown’s liquidity position stood at €2.7 billion at the end of September 2025, down from €3.4 billion at the end of June.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.