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An announcement from Grand City Properties SA ( (DE:GYC) ) is now available.
Grand City Properties reported solid 2025 results, with net rental income up 1% to €429 million and like-for-like rents rising 3.5%, while adjusted EBITDA edged up to €340 million and FFO I held at €188 million despite higher financing costs. Portfolio revaluations, one-off tax income and robust operations lifted annual profit to €588 million, as the group maintained a conservative balance sheet with a 31% loan-to-value ratio, €1.6 billion in liquidity and continued capital recycling through €340 million of disposals and about €300 million of acquisitions.
The company achieved its 2025 guidance and set 2026 FFO I guidance at €175–185 million, reflecting higher expected perpetual note coupons, while leaving its dividend decision pending ahead of the May AGM. In a parallel move, majority shareholder Aroundtown launched a voluntary share-for-share exchange offer to lift its GCP stake to up to 89.5%, proposing four Aroundtown shares per GCP share at a premium to recent trading prices, an offer the GCP board views as attractive and intends to recommend, highlighting the potential benefits of scale, higher liquidity and exposure to a larger, more diversified listed real estate platform for tendering shareholders.
More about Grand City Properties SA
Grand City Properties S.A. is a specialist in residential real estate, focusing on value-add opportunities in densely populated urban areas, primarily in Germany and London. The company’s strategy centers on improving properties through repositioning and intensive tenant management to enhance rental income and asset values over time.
See more insights into GYC stock on TipRanks’ Stock Analysis page.