31. Aug 2026
Description
(AWP Alliance News) - Varia US Properties posted a net loss of USD 9.9 million for the six months ended June 30, 2026, widening from a loss of USD 2.8 million a year earlier, while operating profit including revaluations fell to USD 6.6 million from USD 25.5 million. Total revenue dropped 33.08% to USD 44.1 million, driven by lower rental income following the sale of five properties in the first half and a USD 5.2 million net loss from property revaluations.
Interest costs declined to USD 20.4 million from USD 27.7 million, helped by a sharp reduction in foreign-exchange losses after repayment of a CHF-denominated bond in 2025. After the period, the group agreed to recapitalize 13 of its 17 US multifamily assets via two newly formed joint ventures with Brookfield affiliates, aiming to boost financial flexibility ahead of a targeted closing in early Q4 2026.
https://docs.publicnow.com/24A95139211525CC2E53E3B8B50C22F29B0D70C8
Disclaimer: This news brief was created using generative artificial intelligence. 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.
