The real estate company alstria S.à r.l. has presented its financial results for the first nine months of 2026. The company reports stable revenues, sustained profitability, and a strengthened equity base. Revenues amounted to EUR 143.1 million in the reporting period, compared to EUR 146.2 million generated in the prior-year period. Consolidated net profit for the first three quarters stood at EUR 49.0 million.
Funds from operations (FFO) after non-controlling interests recorded significant growth. It rose from EUR 39.9 million in the first nine months of 2025 to EUR 60.1 million in the current reporting period. The decisive factor behind this performance was primarily the consistent execution of the company's interest rate hedging strategy.
Improved capital structure and secured liquidity
Supported by the positive net result, alstria's equity grew by 4.6 per cent to EUR 1,733 million, compared to EUR 1,657 million as at 31 December 2025. As at the reporting date of 30 September 2026, the company had cash and cash equivalents of EUR 152.4 million available. Combined with an undrawn revolving credit facility of EUR 200 million, total available liquidity stood at EUR 352.4 million.
Net financial debt remained broadly constant at EUR 2,434 million compared to the end of 2025 (EUR 2,450 million). In the third quarter of 2026, alstria repaid EUR 16.9 million in mortgage debt in connection with property disposals. Leverage at the corporate level, measured by the ratio of debt to total capital, improved from 59.6 per cent at year-end 2025 to 58.4 per cent.
Leasing performance, portfolio streamlining and outlook
The fair value of investment properties stood at EUR 4,224 million as at 30 September 2026. This represents an average value of around EUR 3,100 per square metre, a level well below replacement cost. Leasing performance reached 112,000 square metres during the first nine months, with 43,800 square metres attributable to new leases and 68,200 square metres to lease renewals. The newly signed agreements secure future rental income of EUR 76.7 million.
On the transaction side, alstria continues its selective disposal of non-core properties to reduce leverage and redeploy capital into the core portfolio. By the end of the reporting period, sale agreements had been signed for four properties with a total value of EUR 86.9 million, with proceeds matching year-end 2025 valuations. Concurrently, alstria published audited sustainability data for the 2025 financial year. For the full year 2026, the company confirms its guidance of revenues amounting to EUR 192 million and an FFO of EUR 74 million.
