Aroundtown stock gains 2.70% as refinancing risks stay in focus

Published on 11/09/2026 at 17:15 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Goldman Sachs cut its rating to Sell and lowered its target to 1.30 euros. Aroundtown is due to report third-quarter results on November 25.

Refinancing pressure shapes the setup

Goldman Sachs downgraded Aroundtown from Neutral to Sell and cut its 12-month target.
The bank expects higher refinancing costs to weigh on recurring earnings and interest cover.
Third-quarter results on November 25 will offer the next test of funding costs and operating resilience.

Aroundtown, LU1673108939, Illustration mit AI erstellt.

Goldman Sachs has intensified the refinancing debate around Aroundtown after cutting its rating and price target in an assessment published on October 12. The analysis, reported by Investing.com, moved the view from Neutral to Sell and cut the 12-month target from 1.80 euros to 1.30 euros.

Debt refinancing becomes the main test

Goldman Sachs expects Aroundtown to refinance 5.6 billion euros of debt maturing between 2026 and 2028 at an assumed cost of 5.5 percent. The existing debt carries an average cost of 1.4 to 1.8 percent, while the company's average cost of debt stood at 2.4 percent at the end of the first half of 2026.

The broker forecasts the average cost of debt to rise to about 4.5 percent by 2030. It also expects net financing costs to grow by about 18 percent a year from 2025 to 2028, well ahead of recurring core earnings growth of roughly 2.4 percent. Its forecast sees earnings per share declining by about 3 percent a year.

Results will clarify the funding outlook

Aroundtown is scheduled to publish its third-quarter results on November 25. Investors will focus on refinancing progress, financing costs, occupancy and the outlook for recurring earnings as lower-cost debt matures.

Aroundtown stock traded at 1.71 euros on Lang & Schwarz at 17:07 CET on Monday, November 9, 2026, 2.70 percent above the Xetra close of Friday, November 6, at 1.665 euros. The Xetra reference is shown by Yahoo Finance. Since the latest report at 10:03 CET on November 9, the Lang & Schwarz quote rose from 1.66 to 1.71 euros, a 3.01 percent increase.