Grand City Properties SA (DE:GYC)
XETRA:GYC
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Grand City Properties SA
(XETRA:GYC)
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Rating:62Neutral
Price Target:
€10.00
▲(0.70% Upside)
Action:Downgraded
Date:05/11/26
The score is driven primarily by solid-but-not-pristine financial fundamentals (profit rebound tempered by volatility, rising leverage, and weaker cash conversion) and a generally constructive earnings outlook despite higher expected financing costs. Valuation is a clear positive due to the very low P/E, while technical indicators are the main drag with the stock trading below key moving averages and negative MACD.
Positive Factors
Like-for-like rental growth & low vacancy
Sustained like‑for‑like rent growth and very low vacancy point to durable rental cash flows and pricing power in core markets. This reduces re-letting risk, supports steady operating income, and makes mid‑term cash flow projections less sensitive to short cyclical dips.
Negative Factors
Rising leverage and equity decline
Higher debt alongside falling equity reduces the capital cushion and raises sensitivity to valuation shocks and interest cost increases. Structurally higher leverage constrains strategic flexibility, increases refinancing exposure, and amplifies downside risk during adverse market shifts.
Read all positive and negative factors
Positive Factors
Negative Factors
Like-for-like rental growth & low vacancy
Sustained like‑for‑like rent growth and very low vacancy point to durable rental cash flows and pricing power in core markets. This reduces re-letting risk, supports steady operating income, and makes mid‑term cash flow projections less sensitive to short cyclical dips.
Read all positive factors
Grand City Properties SA (GYC) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€1.59B
Dividend YieldN/A
Average Volume (3M)109.31K
Price to Earnings (P/E)3.0
Beta (1Y)0.45
Revenue Growth-6.72%
EPS Growth89.22%
CountryDE
Employees614
SectorReal Estate
Sector Strength53
IndustryReal Estate - Services
Share Statistics
EPS (TTM)N/A
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
€13.14Price Target Upside32.36% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering7
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
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 |
|---|---|---|---|---|---|---|---|
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
65 Neutral | €4.40B | 3.56 | 18.02% | 4.45% | 3.47% | 2077.88% | |
62 Neutral | €1.59B | 2.97 | 11.82% | ― | -6.72% | 89.22% | |
56 Neutral | €2.79B | 18.78 | 2.89% | 3.08% | -6.68% | -9.61% | |
55 Neutral | €18.84B | 21.72 | 13.06% | 5.08% | -20.27% | ― | |
49 Neutral | €6.19B | 23.97 | 4.04% | ― | -11.42% | ― | |
44 Neutral | €24.34M | -0.37 | -62.13% | ― | 1.18% | -155.70% |
* Real Estate Sector Average
DE:GYC
Grand City Properties SA
9.37
-1.13
-10.76%
DE:LEG
LEG Immobilien
57.00
-13.01
-18.58%
DE:TEG
T Immobilien
14.47
0.69
5.03%
DE:VNA
Vonovia
22.11
-5.24
-19.16%
DE:ADJ
ADLER Group
0.17
-0.11
-40.71%
DE:O5G
CPI PROPERTY GROUP S.A.
0.74
-0.10
-11.90%
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.