Aroundtown Reports FY 2025 Results and GCP Share Exchange Offer

Aroundtown SA announced its full-year 2025 financial results, showing figures aligned with the company's forecasts. Net rental income reached €1,183 million, a slight increase from 2024 due to a robust 3% like-for-like rental growth. Adjusted EBITDA decreased by 1% to €999 million. Despite higher finance expenses, the funds from operations (FFO I) were €288 million, meeting the company's guidance. Aroundtown has recommended a 2025 dividend of €0.08 per share, representing 30% of FFO I, and plans to increase the payout ratio to 50% in 2026.

Aroundtown also announced a voluntary exchange offer for Grand City Properties (GCP) shares, aiming to boost its ownership from 63% to 89.5%. The offer gives GCP shareholders four Aroundtown shares per GCP share, reflecting a 6.6% premium. The proposed transaction is expected to enhance Aroundtown's position in commercial and residential real estate, aligning its structure and improving trading liquidity. In the environmental sector, Aroundtown advanced significantly with 70% of its commercial properties now green-certified. The company also reported a 41% reduction in CO2 emissions, reaching its 2030 target ahead of schedule.