Grand City Properties Boasts Strong Q1 2024 Performance
Company Announcements

Grand City Properties Boasts Strong Q1 2024 Performance

Grand City Properties SA (DE:GYC) has released an update.

Grand City Properties S.A. reported a promising start to 2024, with a 4% increase in net rental income to €105 million and a sustained net profit of €44 million. Despite a slight decrease in FFO I per share due to higher perpetual notes costs, the company maintains a strong liquidity position with €1.3 billion in cash, covering debt until 2026, and a stable loan-to-value ratio at 36%. The company’s strategic asset management and recent successful perpetual notes exchange have positioned it well for the fiscal year 2024.

For further insights into DE:GYC stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks UK Auto-Generated NewsdeskGrand City Properties Reports Growth and Revised Guidance
Carrie WilliamsGYC Earnings Report this Week: Is It a Buy, Ahead of Earnings?
TipRanks UK Auto-Generated NewsdeskGrand City Properties’ Oversubscribed €500M Bond
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App