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Grand City Properties SA ( (DE:GYC) ) just unveiled an update.
Grand City Properties S.A. reported strong unaudited preliminary financial results for 2024, with net rental income rising by 3% to €423 million and adjusted EBITDA increasing by 5% to €335 million. The company achieved a positive property revaluation for the first time in two years, and its proactive balance sheet management, including significant property disposals and debt refinancing, led to a reduced LTV ratio of 33%, enhancing financial stability and positioning for future growth.
More about Grand City Properties SA
Grand City Properties S.A. specializes in residential real estate, focusing on value-add opportunities in densely populated areas, primarily in Germany and London. The company aims to enhance its properties through repositioning and intensive tenant management to increase occupancy and rental levels.
YTD Price Performance: -17.87%
Average Trading Volume: 147,288
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €1.62B
For a thorough assessment of GYC stock, go to TipRanks’ Stock Analysis page.