Financial PerformanceFFO I for FY-24 was up 1.9% year-over-year to €187.5 million, within the guidance range and slightly above estimates.
Market FundamentalsThe underlying market fundamentals for residential landlords in Germany remain supportive for Grand City Properties.
Operational EfficiencyGrand City Properties' high operational efficiency, with an adjusted EBITDA margin of 78-79%, should help mitigate the impact from higher financing costs.