Altarea Demonstrates Strong Start to 2026 Amid Revenue Decline

Altarea reported a strong start to 2026 despite a drop in consolidated revenue by 12.4% to €381.4 million compared to the same period in 2025. The decrease is attributed to the conclusion of older residential projects, with new generation projects accounting for 70% of total residential revenue.

In the residential sector, new orders rose by 15% in volume and 5% in value, mainly driven by managed residences. Retail operations showed solid performance, with a 1.3% increase in tenant sales and a 5.3% rise in footfall.

Progress is noted in business property projects, and partnerships in photovoltaics and data centers have been finalized, including a significant partnership with Vantage Data Centers. The liquidity position remains strong at €1,894 million, supported by a stable BBB- credit rating.