Grand City Properties SA (DE:GYC)
XETRA:GYC
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Grand City Properties SA
(XETRA:GYC)
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Rating:70Outperform
Price Target:
€10.50
▲(5.74% Upside)
Action:UpgradedDate:03/08/26
The score is primarily supported by an unusually attractive valuation (very low P/E). This is tempered by moderate overall financial quality due to rising leverage and weaker cash conversion despite strong recent profitability, plus mixed technical signals with only modest momentum.
Positive Factors
Recurring rental income model
The core business generates stable, recurring cold/base rent revenues from a large rental portfolio. This business model supports predictable cash flows, facilitates steady operating income for upkeep and modernization, and underpins long-term ability to service debt and fund capex.
Negative Factors
Rising leverage and shrinking equity
Leverage has increased materially with debt exceeding equity and equity falling year-over-year, reducing the capital buffer. This heightens sensitivity to property value declines and refinancing risk, limiting financial flexibility for acquisitions or large capital programs in stressed markets.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring rental income model
The core business generates stable, recurring cold/base rent revenues from a large rental portfolio. This business model supports predictable cash flows, facilitates steady operating income for upkeep and modernization, and underpins long-term ability to service debt and fund capex.
Read all positive factors
Grand City Properties SA (GYC) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€1.68B
Dividend YieldN/A
Average Volume (3M)109.31K
Price to Earnings (P/E)3.7
Beta (1Y)0.46
Revenue Growth0.44%
EPS GrowthN/A
CountryDE
Employees614
SectorReal Estate
Sector Strength53
IndustryReal Estate - Services
Share Statistics
EPS (TTM)0.83
Shares Outstanding176,187,900
10 Day Avg. Volume109,224
30 Day Avg. Volume109,305
Financial Highlights & Ratios
PEG Ratio0.03
Price to Book (P/B)0.53
Price to Sales (P/S)3.60
P/FCF Ratio10.06
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€12.90Price Target Upside29.91% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering4
EPS Forecast (FY)1.53
Revenue Forecast (FY)€576.62M
Grand City Properties SA Business Overview & Revenue Model
Company Description
Grand City Properties S.A. engages in the residential real estate business in Germany, the United Kingdom, and internationally. The company invests in, manages, and rents real estate properties in North Rhine-Westphalia and Berlin; metropolitan re...
How the Company Makes Money
Grand City Properties makes money primarily by operating residential rental properties and generating recurring income from tenants. Its key revenue stream is rental income (cold rent/base rent) from leased apartments, typically supported by effor...
Grand City Properties SA Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
58
Neutral
Cash Flow
55
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 601.46M | 422.69M | 607.74M | 396.04M | 374.55M |
| Gross Profit | 334.18M | 168.99M | 328.69M | 129.75M | 156.49M |
| EBITDA | 563.47M | 365.46M | -658.32M | 305.53M | 299.38M |
| Net Income | 587.61M | 238.99M | -513.81M | 153.96M | 548.56M |
Balance Sheet | |||||
| Total Assets | 11.50B | 11.22B | 10.92B | 11.13B | 11.56B |
| Cash, Cash Equivalents and Short-Term Investments | 1.62B | 1.51B | 1.23B | 427.36M | 1.11B |
| Total Debt | 5.75B | 4.29B | 4.25B | 3.99B | 4.51B |
| Total Liabilities | 6.79B | 5.80B | 5.69B | 5.22B | 5.76B |
| Stockholders Equity | 4.08B | 4.91B | 3.48B | 5.25B | 5.19B |
Cash Flow | |||||
| Free Cash Flow | 215.25M | 281.83M | 246.86M | 211.58M | 208.69M |
| Operating Cash Flow | 217.74M | 284.46M | 249.41M | 216.12M | 217.06M |
| Investing Cash Flow | 22.69M | 52.02M | 147.80M | -167.69M | -198.46M |
| Financing Cash Flow | -83.60M | -93.37M | 405.30M | -567.42M | -537.19M |
Grand City Properties SA Technical Analysis
Neutral
9.93
Price Trends
9.97
Negative
9.94
Negative
10.50
Negative
Market Momentum
0.03
Negative
53.67
Neutral
39.74
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:GYC, the sentiment is Neutral. The current price of 9.93 is above the 20-day moving average (MA) of 9.47, below the 50-day MA of 9.97, and below the 200-day MA of 10.50, indicating a neutral trend. The MACD of 0.03 indicates Negative momentum. The RSI at 53.67 is Neutral, neither overbought nor oversold. The STOCH value of 39.74 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for DE:GYC.
Grand City Properties SA Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | €1.68B | 3.69 | 11.82% | ― | 0.44% | ― | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
63 Neutral | €4.65B | 3.20 | 18.02% | 4.45% | 6.91% | ― | |
56 Neutral | €2.91B | 25.57 | 2.89% | 3.08% | -32.32% | ― | |
52 Neutral | €19.85B | 5.49 | 14.53% | 5.08% | 22.80% | ― | |
49 Neutral | €6.19B | 23.97 | 4.04% | ― | -9.44% | 96.54% | |
45 Neutral | €25.47M | -0.06 | -62.13% | ― | ― | ― |
* Real Estate Sector Average
DE:GYC
Grand City Properties SA
9.97
-0.53
-5.05%
DE:LEG
LEG Immobilien
61.80
-9.22
-12.98%
DE:TEG
T Immobilien
15.53
1.87
13.68%
DE:VNA
Vonovia
23.82
-3.50
-12.82%
DE:ADJ
ADLER Group
0.17
-0.04
-17.65%
DE:O5G
CPI PROPERTY GROUP S.A.
0.74
-0.08
-9.76%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.