Appeninn expanded Polish portfolio. Appeninn stock gains 1.14 percent

Published on 10/09/2026 at 14:42 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Rental income rose 5.00 percent to EUR 11.34 million. Appeninn stock costs EUR 1.77 on October 9, 2026, plus 1.14 percent versus EUR 1.75.

Key points in brief

Appeninn expanded its Polish property portfolio to more than EUR 290.0 million after 2026 acquisitions.
First-half 2026 rental income rose 5.00 percent to EUR 11.34 million, while adjusted EBITDA reached EUR 6.91 million.
The Lang & Schwarz price was EUR 1.77 on October 9, 2026, up 1.14 percent versus the EUR 1.75 prior close.
Appeninn trades on the Budapest Stock Exchange under ticker APPENINN.BD and is classified as a real estate company.

Appeninn, HU0000102132, Illustration mit AI erstellt.

Appeninn (ISIN HU0000102132) was trading at EUR 1.77 at Lang & Schwarz on October 9, 2026 at 2:35 p.m. CEST, up 1.14 percent versus the EUR 1.75 prior close. On September 21, 2026, Property Forum reported that Appeninn had expanded its Polish property holdings to EUR 170.00 million and its total portfolio to more than EUR 290.00 million.

Three acquisitions changed the portfolio

In February 2026, Appeninn bought a 56,000 square meter logistics center in Tarnow leased to Goodyear, according to Property Forum. In July 2026, the DEKADA acquisition added seven retail parks and four shopping centers with 53,000 square meters of leasable space.

By September 21, 2026, the company said its Polish portfolio covered office, logistics and retail assets, while occupancy stood at 95.00 percent and annual gross rental income exceeded EUR 10.00 million, Property Forum reported.

What does the expansion change?

The first-half 2026 figures show the operating effect of the acquisitions. Rental income increased 5.00 percent year over year to EUR 11.34 million, while adjusted EBITDA reached EUR 6.91 million and the adjusted EBITDA margin remained above 60.00 percent, according to Portfolio.

The counterpoint was the bottom line. Appeninn reported a EUR 6.22 million net loss for the first half of 2026, compared with a EUR 3.42 million profit in the first half of 2025, as property revaluation losses and forint effects weighed on results, according to MarketScreener.

Price rises with results in view

The current market picture combines a 1.14 percent Lang & Schwarz gain with a business increasingly driven by Polish assets. For investors, the key distinction is between recurring rental income and valuation effects that can reverse reported profit.

The further course of trading is shown by the continuously updated real-time quote of Appeninn stock.