Aroundtown stock gets a lower Warburg target after H1 results

Published on 10/05/2026 at 17:54 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Aroundtown stock was last at EUR 1.56 on Xetra on October 5, 2026, while Warburg set a EUR 3.30 target. First-half FFO I fell 4 percent to EUR 144 million.

Makrofoto Glasfassade Vorhangwand Schrauben Wolkenreflektion, Aroundtown SA — Aroundtown SA LU1673108939 in einer Makro-Detailaufnahme einer blau verspiegelten Glas-Vorhangfassade mit Aluminiumrahmen, Illustration mit AI erstellt.

Aroundtown stock was last at EUR 1.56 on Xetra on October 5, 2026 at 5:35 p.m. CEST, down 0.70 percent from the previous session. The immediate valuation issue is financing: Aktiencheck reported on October 1, 2026 that Warburg Research cut its target from EUR 3.80 to EUR 3.30 while retaining a Buy rating.

Warburg cuts target as costs rise

The new target lies 111.54 percent above the October 5 price, a wide gap that reflects the difference between a research valuation and the market quotation. Warburg analyst Andreas Pläsier identified refinancing as the central burden and adjusted the valuation model after reviewing the real estate sector, according to finanzen.net.

The analyst change follows Aroundtown's first-half report rather than a new operating warning. The company's investor-relations page dated the H1 2026 results to August 26, 2026 and described them as in line with guidance, supported by operating performance, according to Aroundtown.

Rental income stays stable

For the first half of 2026, net rental income reached EUR 591 million and adjusted EBITDA stood at EUR 500 million, both stable against the comparable period. FFO I declined 4 percent to EUR 144 million, with higher financing costs cited as the main drag, according to MARES.

The operating mix gives the numbers context. Like-for-like rental growth was 2.7 percent in the first half, while the portfolio loan-to-value ratio stood at 43 percent in June 2026. Aroundtown also held an 84 percent stake in Grand City Properties, with the increased holding expected to add EUR 10 million in annual FFO I from 2027, the same report said.

Stock remains near yearly low

At EUR 1.56, Aroundtown stock was EUR 0.01 above its 52-week low of EUR 1.55 and EUR 1.74 below its 52-week high of EUR 3.30 on October 5, 2026. The session volume was 2,238,465 shares, while the market capitalization was EUR 1.6 billion.

MarketScreener lists a Hold consensus from 15 analysts and an average target of EUR 2.941. Aroundtown's next scheduled reporting date is November 25, 2026, when the company plans to publish its third-quarter 2026 results, according to MarketScreener.

Price and investor perspective

Aroundtown stock was last at EUR 1.56 on Xetra on October 5, 2026 at 5:35 p.m. CEST. The combination of stable rental income, lower FFO I and a sharply reduced refinancing valuation leaves financing costs as the key figure for the next results update.