Appeninn stock reports 5 percent rental income growth

Appeninn stock is anchored by first-half rental income of EUR 11.339 million, up 5 percent from the same period of 2025. The property investor also reported adjusted EBITDA of EUR 6.913 million for the six months ended June 30, 2026, keeping its adjusted EBITDA margin above 60 percent.

Rental income moves higher

According to Appeninn on September 21, 2026, rental income increased from EUR 10.8 million in the first half of 2025 to EUR 11.339 million in the first half of 2026. Direct contribution reached EUR 7.486 million, compared with EUR 7.170 million a year earlier, while adjusted EBITDA rose from EUR 6.707 million.

The earnings mix was less favorable below the operating level. MarketScreener reported on September 21, 2026 that Appeninn posted a net loss of EUR 6.22 million, versus net income of EUR 3.42 million in the first half of 2025. The source attributed the reversal to property revaluation effects and the stronger forint.

Polish portfolio reaches EUR 170 million

Expansion is the central operating counterweight. Property Forum reported on September 21, 2026 that Appeninn completed a Polish acquisition worth more than EUR 100 million after the half-year and expanded its Polish property portfolio to EUR 170 million. The portfolio covers offices, logistics and retail, giving the rental increase a larger asset base to work from.

The Tarnów logistics center acquired earlier in 2026 adds a 56,000-square-meter property leased under a long-term contract. That combination of recurring rent and acquisitions makes operating EBITDA more informative than the statutory loss alone, although valuation effects remain material for reported earnings.

Budapest quote stays in view

Appeninn was quoted at HUF 632.00 on the Budapest Stock Exchange on September 28, 2026. The same market snapshot put its market capitalization at HUF 30.7 billion, while the company remains classified as a real estate investment business with the ticker APPENINN.BD.