Business
Altarea : Half-Year Results 2026
Altarea : Half-Year Results
About this update from Altarea Sca
Strong earnings momentum Sharp increase in FFO (1) 2026 guidance confirmed New Residential: improvement in results New orders up +3.4% in volume, stable in value Property margin rate (2) increased to 9.4% (+2.7 points) Offer and land portfolio tailored to customer needs and compliant with Group criteria Retail REIT: dynamic leasing activity and solid performance Good leasing performance across the portfolio, with strong leasing of the Paris-Austerlitz train station Implementation of the new Ikea concept in two of the Group's retail parks Net rental income up +0.8% on a like-for-like basis Business property and New businesses Offices: delivery of St Honoré and continued progress of ongoing projects Logistics: execution of the current pipeline New businesses: completion of announced partnerships in photovoltaics and data centers Financial position FFO (1) of €86.6 million (+39.2 %) driven by the recovery in Residential and by the Photovoltaic business Net debt (3) down to €1,865 million (€-37 million vs. 31 December 2025) Reaffirmation by S&P Global the long-term credit rating at "BBB-" with a "stable" outlook 2026 guidance confirmed: strong increase expected in 2026 FFO (4) "This semester has been marked by a significant increase in our results. Our efforts to adapt to the new cycle are beginning to pay off, with a clear restoration of margins in the residential sector and new businesses now contributing positively to the Group's results. That is why Altarea will continue to execute its roadmap with confidence and determination in the coming semesters." Alain Taravella, President and Founder of Altarea (1) FFO (Funds From Operations): net income excluding changes in value, calculated expenses, transaction costs, and changes in deferred tax. Group share. (2) Real estate margin reduced to revenue as work progresses. (3) Net bond and bank debt. (4) Subject to the political, geopolitical and macroeconomic context. To download 2026 Half-Year Results (press release and business review) (PDF / 676ko) Download 2026 Half-Year Results (slideshow) (PDF / 6,9mo) Download 2026 Half-Year Results financial report (PDF / 1,8mo) Download Contact Contact presse [email protected]