Aroundtown stock: GCP raises 2026 FFO I guidance

Grand City Properties, Aroundtown S.A.'s subsidiary, raised its 2026 FFO I guidance on Wednesday, November 11, after its investment in LEG Immobilien. The update gives investors a fresh earnings angle ahead of Aroundtown's third-quarter release on November 25.

According to dpa-AFX, GCP now expects FFO I of EUR 185 million to EUR 195 million for 2026, lifting the range by EUR 10 million. The full contribution from the LEG investment is expected in the following year.

LEG stake changes earnings mix

GCP holds roughly 20 percent of LEG and treats the position as a financial investment. The higher outlook therefore reflects both the acquired stake and the underlying rental business, leaving investors to assess how much recurring earnings come from operations and how much from the new holding.

In the first nine months, net rental income increased 4 percent to more than EUR 331 million. FFO I declined 4 percent to EUR 135.7 million as financing costs rose, while net income fell by more than half to about EUR 182 million, mainly because property revaluation contributed less than in the prior year.

Shares remain below the daily close

Aroundtown stock traded at 1.66 euros on Lang & Schwarz at 17:36 CET on Friday, November 13, 0.60 percent below the Xetra close of Friday, November 13 at 1.67 euros. The next scheduled company event is the third-quarter financial report on November 25, when rental performance, financing costs and the effect of the LEG investment will be key areas for investors.

The wider German equity market provides the broader setting for real-estate stocks ahead of the November release. See Current market reports for the latest market developments.

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