Finance
Aroundtown Returns to Nine-Month Profit as German Property Sector Recovers
Published by Global Banking & Finance Review®
Posted on November 26, 2025
2 min readLast updated: January 20, 2026
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Quick Summary
Aroundtown reports a €882.3M profit, recovering from last year's loss. Despite a drop in FFO, property revaluations boosted earnings.
Aroundtown Reports Profit Amid German Property Recovery
By Marleen Kaesebier and Emanuele Berro
(Reuters) -Aroundtown, one of Germany's largest listed landlords, reported a nine-month profit of 882.3 million euros ($1.0 billion) on Wednesday, as it continues to recover from the country's worst property crisis in decades.
The result compares with a loss of 154 million euros in the first nine months of 2024 and comes after Aroundtown posted its first annual profit in three years in March.
The property group's funds from operations (FFO I), a key metric for real estate firms, however fell to 221 million euros from from last year's 235.6 million.
Shares of Aroundtown fell around 7% in early trading. Analyst Manuel Martin from ODDO BHF said the results did not contain big surprises but were overall a bit below the brokerage's estimates.
"Judging by the results, at first sight, the drop in share price seems to be exaggerated," Martin added, though he noted the market may have expected slightly higher FFO I.
Aroundtown confirmed its full-year guidance, naming cost-saving measures as a positive driver.
Germany's largest real estate group Vonovia said earlier in November that it had returned to profit in the first nine months of the year thanks to an upward revaluation of its hundreds of thousands of apartments.
Aroundtown similarly saw 383.7 million euros in property revaluations and capital gains in the January-September period, a drastic change from the loss of 591 million euros a year ago.
($1 = 0.8632 euros)
(Reporting by Marleen Kaesebier and Emanuele Berro in Gdansk, editing by Milla Nissi)
Key Takeaways
- •Aroundtown reports €882.3 million profit for nine months.
- •The company recovers from a €154 million loss last year.
- •Funds from operations fell slightly to €221 million.
- •Shares dropped 7% despite positive profit news.
- •Property revaluations contributed €383.7 million.
Frequently Asked Questions about Aroundtown returns to nine-month profit as German property sector recovers
1What is a financial crisis?
A financial crisis is a situation where the value of financial institutions or assets drops rapidly, leading to a loss of confidence and potentially resulting in widespread economic disruption.
2What are capital gains?
Capital gains refer to the increase in the value of an asset or investment over time, which is realized when the asset is sold for more than its purchase price.
3What is funds from operations (FFO)?
Funds from operations (FFO) is a financial performance metric used by real estate companies to measure cash generated from operations, excluding gains or losses from sales of properties.
4What is a property revaluation?
A property revaluation is the process of reassessing the value of a property, often conducted to determine its current market value for financial reporting or taxation purposes.
