Altarea's Q3 2025 Financial Performance Overview

Altarea's financial performance for the first nine months of 2025 reveals a mixed picture. The company reported a consolidated revenue of €1,429.1 million, marking a 14.1% decline compared to the previous year. However, Q3 saw a rebound with a 1.7% increase, driven by a 3.6% growth in residential revenue.

The residential sector experienced a boost in new orders, increasing by 14% in volume and 6% in value. This sector's success is attributed to a redesigned product offering, particularly appealing to first-time buyers and institutional investors.

In retail, tenant revenue rose by 1.2%, supported by a 2.8% increase in foot traffic, and rental income saw a 1.7% uptick. In the energy sector, a significant photovoltaic partnership was formed, and advancements in data centers were noted with new projects underway.

Altarea reaffirms its 2025 guidance for a slight increase in FFO, provided there are no adverse external factors.