Appeninn reports rental growth while Appeninn stock costs EUR 1.66

Published on 10/20/2026 at 10:33 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Appeninn stock costs EUR 1.66 on October 20, 2026. First-half rent rose 5.00 percent to EUR 11.34 million as Polish holdings reached EUR 170.00 million.

Poland expansion shapes results

Appeninn's Polish property portfolio reached EUR 170.00 million after September 21, 2026 expansion.
First-half 2026 rental income rose 5.00 percent to EUR 11.34 million.
Appeninn stock trades at EUR 1.66 at 10:30 a.m. CEST at Lang & Schwarz on October 20, 2026.

Appeninn, HU0000102132, Illustration mit AI erstellt.

Appeninn (ISIN HU0000102132) was trading at EUR 1.66 at Lang & Schwarz on October 20, 2026 at 10:30 a.m. CEST. In its September 21, 2026 release, Appeninn reported higher rental income and further expansion in Poland. The investment case now rests on whether the larger property base can lift recurring income without repeating the first-half earnings pressure.

Rental income grew 5.00 percent

Rental income reached EUR 11.34 million in the first half of 2026, up 5.00 percent from the same period of 2025, according to Portfolio. Adjusted EBITDA was EUR 6.91 million, compared with EUR 6.71 million in the year-earlier period, while the adjusted EBITDA margin stayed above 60 percent.

The earnings picture was more difficult below the operating line. Diplomacy and Trade reported a EUR 6.20 million first-half loss, compared with EUR 3.40 million of after-tax profit in the base period, as property revaluations and exchange-rate effects weighed on the result.

What does Poland mean for income?

The answer is scale, but also execution. Appeninn acquired a 56,000-square-meter logistics center in Tarnow in February 2026 and completed a Polish acquisition worth over EUR 100 million shortly after the half-year, according to Portfolio. The Polish portfolio reached EUR 170.00 million and covers offices, logistics and retail.

Three steps changed the portfolio

In February 2026, Appeninn bought the Tarnow logistics center with 56,000 square meters of leasable space. In July 2026, the company completed the DEKADA acquisition, adding seven retail parks and four shopping centers with about 53,000 square meters, as reported by Vilaggazdasag. On September 21, 2026, Appeninn reported first-half rental income of EUR 11.34 million and a Polish portfolio value of EUR 170.00 million.

EUR 1.66 at Lang & Schwarz

Appeninn was trading at EUR 1.66 at Lang & Schwarz on October 20, 2026 at 10:30 a.m. CEST. The Budapest Stock Exchange listing is identified as APPENINN.BD by Global Banking and Finance Review. The further course of trading is shown by the continuously updated real-time quote of Appeninn stock.