Grand City Properties SA (DE:GYC) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
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.