First Berlin Reiterates Buy Rating for Aroundtown SA

On June 1, 2026, First Berlin Equity Research GmbH reaffirmed its BUY recommendation for Aroundtown SA, maintaining a target price of €4.10. The updated research report, delivered via EQS News, highlights positive Q1 results aligning with expectations. The company's strategic forecast for 2026 anticipates a Funds from Operations (FFO 1) between €275 million and €305 million, with €292 million as the forecasted expectation. Notably, a 3.0% rental growth during the March period was propelled by the robust performance of the Hotel and Residential sectors.

The office sector remains stable yet affected by Germany's faltering economy. Aroundtown SA's strategic pivot from defensive capital management to a balanced approach inclusive of internal growth, capital recycling, and selective investments is a focal point. A substantial share buyback, nearly completed at a deep discount, tests whether these efforts will translate into consistent growth in FFOPS. The upward potential remains at 61%.