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Grand City Properties Reports Strong 2024 Financial Performance

Story Highlights
  • Grand City Properties S.A. specializes in residential real estate in Germany and London.
  • The company reported a 3% rise in net rental income and a 5% increase in adjusted EBITDA for 2024.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Grand City Properties Reports Strong 2024 Financial Performance

Confident Investing Starts Here:

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.

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