Grand City Properties SA (DE:GYC) has released an update.
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Grand City Properties S.A. reported a 3% increase in net rental income to €317 million for the first nine months of 2024, driven by strong operational performance. Despite a €17 million loss due to property revaluations, the company maintained a stable financial position with €1.5 billion in liquidity and a conservative 36% loan-to-value ratio. The firm continued proactive financial management by executing significant bond transactions and confirming its full-year earnings guidance.
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