Earnings release
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PRESS RELEASE Results for the first half 2026 • Resilient revenues at EUR 95.1 million • FFO after minorities at a solid EUR 39.4 million • Improved equity position at EUR 1,687 million • FY 2026 FFO guidance increased to EUR 74 million Hamburg , August 3 , 2026 - alstria S.à r.l. ( " alstria ” ) announces its results for the first half 2026 , reporting resilient revenues , continued profitability , a strong equity position and an increased full - year 2026 FFO guidance . Financial performance : • Stable revenues : Revenues remained at a resilient level of EUR 95.1 million in the reporting period , demonstrating the strength of alstria's operating business ( H1 2025 : EUR 97.4 million ) . • Net result : alstria remained clearly profitable in H1 2026 , recording a consolidated profit of EUR 24.7 million . • Funds From Operations ( FFO ) : FFO after minorities improved to EUR 39.4 million , underlining the company's robust cash generation in the first half of 2026 ( H1 2025 : EUR 28.7 million ) . • Total equity : alstria's total equity increased by 1.8 % to EUR 1,687 million ( Dec. 31 , 2025 : EUR 1,657 million ) , supported by the positive net result generated in the first six months of 2026 . • Liquidity position : As of June 30 , 2026 , alstria maintained cash and cash equivalents of EUR 143.3 million and had access to an undrawn revolving credit facility of EUR 200 million , resulting in total available liquidity of EUR 343.3 million . • Net financial debt : Net financial debt stood at EUR 2,460.1 million at the reporting date and was roughly stable compared to December 31 , 2025 ( EUR 2,449.5 million ) . In the course of the second quarter of 2026 alstria drew a new EUR 32 million mortgage loan and repaid maturing debt ( Bond V and Schuldschein ) in the amount of EUR 193.3 million . No further debt maturities fall due before September 2027 . • Debt / ( Debt + Equity ) : The Debt / ( Debt + Equity ) ratio at the company level improved to 59.3 % , compared to 59.6 % as of December 31 , 2025 , reflecting alstria's disciplined balance sheet management . Portfolio performance : • Portfolio value : The investment property portfolio stood at EUR 4,228 million as of June 30 , 2026 , representing an average value per sqm of around EUR 3,100 , which remains substantially below replacement costs .
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Letting performance: During the first six months of 2026, alstria signed 78,600 sqm of leases, including 30,100 sqm of new leases and 48,500 sqm of lease extensions. The leases signed during this period secured EUR 56.6 million of future rental income. Disposals: The company continues to focus on divesting non-core assets in order to deleverage and reinvest the proceeds, thus further strengthening the overall quality of its core portfolio. As of the end of the reporting period, alstria had agreed to sell three properties with a combined transaction volume of EUR 64.0 million, in line with their year- end 2025 valuation*. Guidance for FY 2026 Based on this year's performance so far, alstria confirms its revenue forecast of EUR 192 million for the full year 2026 and raises its FFO forecast for the full year 2026 from EUR 53 million to EUR 74 million, primarily due to the implemented interest hedging strategy. Invitation to the conference call on August 4, 2026 alstria will detail the results and discuss future expectations during a conference call at 10:00 a.m. (CEST) on August 4, 2026. Interested parties are invited to join the call, including a Q&A session. Registration details, access to the live webcast and presentation slides are available on our website at https://alstria.eu