According to data compiled by Bloomberg, real estate companies in Europe have carried out record buyback offers for 25 hybrid bonds this year, a number unprecedented in the past.
When senior bonds are also taken into account, buyback offers by companies in the sector reach nearly 90 in 2025, reflecting the intensity of their efforts to deleverage and strengthen their financial position.
Analysts note that this strategy signals greater financial discipline, as well as an attempt at proactive risk management in anticipation of future debt maturities. At the same time, they emphasize that the ability to repurchase bonds is not available to all companies, as it requires sufficient liquidity and access to capital.
The trend is expected to continue, as the European real estate sector continues to adapt to a more demanding financing environment, with investors placing particular emphasis on leverage, liquidity, and debt sustainability.
