Aroundtown SA Launches Share Buyback Program

Aroundtown SA has initiated a share buyback program as of January 26, 2026. The company plans to repurchase stocks worth up to €250 million throughout the year. This move is part of their cash recycling strategy, leveraging proceeds from property sales at book value completed in the second half of 2025.

The buyback is expected to add value and increase funds from operations immediately, as the shares trade at a considerable discount compared to their net tangible asset per share, reported to be €7.8 in the third quarter of 2025.

Additionally, Aroundtown issued new perpetual notes totaling €750 million. These funds are intended to refinance existing notes via a simultaneous tender offer. The company maintains its Buy rating, with a target price set at €4.10, indicating a potential upside of 52%.