Grand City Properties S.A.

GYC

Equity

ISIN LU0775917882 / Valor 18698480

Xetra (2024-12-23)

EUR 11.48+0.35%

Grand City Properties S.A.
UMushroom community rating:

0.00 0 votes No rating yet

NegativeNeutralPositive

About company

Grand City Properties S.A. is a leading specialist in buying, optimizing, and repositioning real estate in Germany. The company's experienced team of experts, supported by centralised IT-modules, takes advantage of the positive development in the German real estate market by focusing on income-generating assets with the right fundamentals. Grand City Properties creates significant value-add by repositioning under-rented properties, improving the living environment in an ecologically sensitive manner, and ensuring each real estate investment is successful, ultimately creating significant shareholder value.

Summarized from source with an LLMView SourceSector: Finance

Net Rental Income

Grand City Properties S.A. reported a net rental income of €105,301 thousand for the first quarter of 2024, reflecting a 4% increase compared to €101,376 thousand in the same period of 2023. This growth indicates a positive trend in the company's rental revenue generation.

Adjusted EBITDA

For Q1 2024, Grand City Properties S.A. achieved an adjusted EBITDA of €81,984 thousand, marking a 3% rise from €79,504 thousand in Q1 2023. This improvement underscores the company's enhanced operational efficiency and profitability.

Profit for the Period

Grand City Properties S.A. recorded a profit of €43,729 thousand for the first quarter of 2024, a significant turnaround from a loss of €11,595 thousand in the same quarter of the previous year. This substantial increase highlights the company's successful financial performance.

Basic Earnings Per Share

The basic earnings per share for Grand City Properties S.A. in Q1 2024 were €0.17, compared to a loss per share of €0.09 in Q1 2023. This positive shift in earnings per share reflects the company's improved profitability and shareholder value.

Cash and Liquid Assets

As of March 2024, Grand City Properties S.A. reported cash and liquid assets totaling €1,286,707 thousand, a 5% increase from €1,230,483 thousand in December 2023. This growth in liquid assets indicates a strong liquidity position for the company.

Summarized from source with an LLMView Source

Key figures

15.2%1Y

-44.6%3Y

-46.1%5Y

Performance

30.8%1Y

36.9%3Y

33.3%5Y

Volatility