Reitir 1H FY26 profit falls 43.45% to ISK 1.57 billion; revenue rises 12.7% to ISK 9.88 billion
Reuters2026/08/24 15:57- Reitir posted 1H 2026 profit of ISK 1.57 billion, down 43.45% year on year; EPS fell to ISK 2.3.
- Rental income rose 12.7% to ISK 9.88 billion; operating profit before fair-value changes climbed 16.2% to ISK 6.59 billion.
- Fair-value gains on investment property increased to ISK 3.9 billion; net finance costs widened to ISK 8.53 billion.
- Internal growth in development and redevelopment projects totaled ISK 5.4 billion, with progress cited at Hyatt Laugavegur and Korputún.
- Full-year guidance raised to rental income of ISK 19.8-20.1 billion; operating profit before fair-value changes seen at ISK 13.2-13.5 billion.
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