GRAND CITY Properties S.A. : Will we find out what Grand City is planning do with its cash pile?
>We have fine-tuned our model and left our FFO I estimates unchanged - Ahead of Grand City´s (GCP) FY 2019 reporting on 16 March, we have fine-tuned the rental revenues and cost assumptions in our model, albeit maintaining our FFO I estimates unchanged. We have adjusted our forecasts for NRI and costs in our model and… - On the one hand, we have trimmed our acquisition assumptions and reduced our net rental income (NRI) forecasts as follows: FY 2019: ...Grand City Properties is a specialist real estate company based in Luxembourg. Co. is focused on investing in and managing turnaround opportunities in the German real estate property market. Co. is active in all relevant asset and property management activities along the real estate value chain from buying to redeveloping, managing and selling real estate properties. Co. also maintains a centralized 24/7 Service Center to coordinate and assure tenant satisfaction. Co.'s portfolio is located mainly in Berlin, North Rhine Westphalia, Dresden, Leipzig, Halle, Nuremberg, Munich, Mannheim, Frankfurt, Bremen and Hamburg.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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