Varia US Properties swings to H1 FY26 net loss of USD 9.9 million; revenue falls 33.08% to USD 44.1 million

Reuters2026/08/31 04:56

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Varia US Properties posted a net loss of USD 9.9 million for the six months ended June 30, 2026, widening from USD 2.8 million.
Total revenue fell 33.08% to USD 44.1 million, reflecting lower rental income following the sale of five properties.
Operating profit including revaluations dropped 74.12% to USD 6.6 million on a USD 5.2 million net loss from property revaluations.
Normalized EBITDA declined 44.94% to USD 9.8 million; interest-bearing gross debt fell to USD 559 million, cutting leverage to 60.6%.
In August, it agreed to recapitalize 13 of 17 multifamily assets via two Brookfield-affiliated joint ventures, targeting early Q4 2026 closing.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Varia US Properties AG published the original content used to generate this news brief on August 28, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Varia US Properties swings to H1 FY26 net loss of USD 9.9 million; revenue falls 33.08% to USD 44.1 million

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