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Grand City Properties SA ( (DE:GYC) ) just unveiled an announcement.
Grand City Properties S.A. reported strong financial results for Q1 2025, with net rental income rising by 1% to €106 million and adjusted EBITDA increasing by 3% to €85 million. The company maintained a conservative financial structure with a liquidity position of nearly €1.7 billion and an LTV of 32%, despite a credit rating downgrade by S&P to BBB. The company decided not to recommend a dividend for 2024, focusing instead on strengthening its financial position and reducing leverage.
More about Grand City Properties SA
Grand City Properties S.A. is a specialist 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, thereby increasing occupancy and rental levels.
Find detailed analytics on GYC stock on TipRanks’ Stock Analysis page.