Grand City Properties SA (DE:GYC) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
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.
For further insights into DE:GYC stock, check out TipRanks’ Stock Analysis page.
